Author: MNK News

(Bloomberg) — Japan is pushing through a new target to cut greenhouse gas emissions by 60% by 2035, even as the plan faces criticism as lacking in ambition. Most Read from Bloomberg Making the reductions from 2013 levels will put the nation, among the world’s top carbon polluters, on track to hit net zero by 2050, according to officials from a joint panel of the trade and environment ministries, which announced the strategy on Tuesday. The plan will now go through a public comment period before final approval from Japan’s cabinet. Prime Minister Shigeru Ishiba’s government follows countries including the…

Pepe coin price joined other meme coins in a rebound as the Santa Claus rally happened on Christmas Eve. Pepe (PEPE), the third-biggest meme coin, surged in a high-volume environment as investors bought the recent dip. This rally happened as Bitcoin (BTC) jumped to $98,500, and the crypto fear and greed index approached the greed zone.  Most cryptocurrencies rallied, with the market cap of all coins tracked by CoinGecko hitting a high of $3.60 trillion.  Pepe had a 24-hour volume of $2.2 billion, while the futures open interest rose for the third consecutive day, reaching a high of $151 million.…

The ruling, which came just before the holidays, could result in end-of-year chaos for some businesses and advisors.getty (Important Note: Hours after the ruling was issued, FinCEN extended the reporting deadline.) Days after a judge in Texas ruled that a nationwide preliminary injunction barring FinCEN from enforcing the Corporate Transparency Act (CTA) would stand, the U.S. Court of Appeals for the Fifth Circuit has declared the opposite. In a December 23, 2024 ruling, a unanimous Fifth Circuit bench granted the government’s emergency motion for a stay pending the appeal. The reversal means that businesses which were required to file Beneficial…

(Bloomberg) — Taiwan’s government warned that its collaboration with global semiconductor companies could suffer if a controversial budget revamp proceeds, adding to its criticisms of broad legal changes sought by the opposition. Most Read from Bloomberg The changes to budget rules would hurt R&D collaboration with firms such as Nvidia Corp. and Advanced Micro Devices Inc. because the government would be forced to cut subsidies, Chiou Chyou-huey, head of the Department of Industrial Technology, said Tuesday at a press briefing in Taipei. “These projects last multiple years and the government has already signed contracts with these foreign companies,” said Chiou,…

MANCHESTER, ENGLAND – DECEMBER 15: Kevin De Bruyne of Manchester City during the Premier League … [+] match between Manchester City FC and Manchester United FC at Etihad Stadium on December 15, 2024 in Manchester, England. (Photo by Carl Recine/Getty Images)Getty Images Kevin de Bruyne is arguably the best midfielder in Premier League history. The Belgian is a legitimate legend having been the creative force behind Manchester City for the best part of a decade. Indeed, de Bruyne is up there as one of the best midfielders of his generation, but the De Bruyne age is coming to an end…

(Bloomberg) — Base metals were broadly higher as global equities rallied and Reuters reported that China’s policymakers are planning to boost bond sales. Most Read from Bloomberg Nickel, zinc and aluminum all rose more than 1% on the London Metal Exchange, while copper also advanced. China may sell a record 3 trillion yuan ($411 billion) of special treasury bonds next year, Reuters reported, a move aimed at bolstering the slowing economy. Fears of faltering Chinese demand have weighed on base metals, with the LMEX Index down about 8% this quarter. Investors are also fretting about the prospect of trade turmoil…

CEO of Daiwa Securities believes Japan should allow for crypto exchange-traded funds to enter the local market. Daiwa is one of the many companies pushing for Japan to approve crypto ETFs. According to a Bloomberg report published on Dec. 24, Akihiko Ogino, Chief Executive Officer of the second largest brokerage in Japan, said in an interview that Japan should allow for crypto ETFs to “debut in the country.” At the time of writing, Daiwa itself has an index-based exchange-traded fund in the Japan market, labeled Daiwa ETF Nikkei 225. Though, Ogino did not reveal any plans for Daiwa to start…

Santa Bot, bringer of holiday cheer, from FuturamaFuturama Starting in the 1960s, American kids grew up with the pantheon of heartwarming animated Christmas classics like Rudolph the Red Nose Reindeer, Frosty the Snowman, The Grinch Who Stole Christmas, and A Charlie Brown Christmas. But when those kids grew up and started making their own animated specials in the 1990s and 2000s, they often reflected GenX’s characteristic distrust of institutions and cynicism about overblown Boomer idealism. The result was a Golden Age of animated holiday entertainment with a sharper, more caustic wit, playing against the wholesome sentimentality of the season. Originally…

(Bloomberg) — Emerging-market stocks gained for a second day, making a final push for the year on the back of an Asian tech rally and signs that China is gearing up to unleash more stimulus. Most Read from Bloomberg MSCI’s benchmark EM equity index closed 0.3% higher Tuesday in thin trading ahead of the holidays, buoyed by a 1% advance in Chinese stocks. While it’s headed for a total return of around 9% this year, it still has significantly underperformed developed market stocks, which have returned more than 20%. MSCI’s gauge for emerging currencies, meanwhile, closed little changed after trading…

Blockchain security auditor Hacken is rolling out a new tool to automate security and compliance for web3 businesses as MiCA and DORA rules loom. Hacken, an international blockchain auditor with Ukrainian roots, is rolling out a new solution that allows web3 businesses in an automated manner to comply with standards like Europe’s MiCA and DORA. In a press release shared with crypto.news, Hacken co-founder and chief executive Dyma Budorin said the firm developed the so-called “Extractor” to address the “critical need for proactive monitoring and compliance in the crypto space.” According to the Tallinn-headquartered firm, Extractor brings compliance monitoring framework…