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The Latest Breaking News from International Business Times

US Bitcoin, Ethereum ETFs Bleed Over Half A Billion Before Elections

Bitcoin and Ethereum ETFs bled significantly Monday as crypto traders braced for the impact of the U.S. elections on broader financial markets, with Fidelity's FBTC being the hardest-hit one day before the elections.

International Business Times

Robinhood, Kraken, Galaxy, Other Crypto Firms Launch Global Stablecoin Network

A group of major crypto players have jointly launched $USDG, a new stablecoin under the Global Dollar Network that should "revolutionize" the stablecoin ecosystem and set high standards for compliance.

International Business Times

Meta Extends Ban On New Political Ads Beyond US Election Day

The move highlights the tech company's efforts to combat the widespread spread of misinformation, as experienced during the last presidential election. However, Meta did not disclose the specific date on which it will lift the restriction.

International Business Times

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OpenAI Shifts Gears, Plans Transition To For-Profit Model

With the transformation, OpenAI will notably depart from its founding principles from 2015 as a non-profit research lab. The Sam Altman-led company has submitted the proposal pending approval by the California attorney general's office.

International Business Times

South Korea Fines Meta For Illegal Collection Of User Data

US tech giant Meta illegally harvested sensitive data including on sexual orientation from nearly a million South Korean Facebook users and shared it with advertisers, Seoul's data watchdog said Tuesday.

International Business Times

NHTSA Closes Probe Into 411,000 Ford Pickups Over Potentially Defective Engine

The probe on 411,000 Ford pickups and SUVs was closed by the NHTSA.

International Business Times

'Incalculable' Bill Awaits Spain After Historic Floods

The destruction wreaked by Spain's deadliest floods in a generation in one of the country's economic motors will leave a huge bill for the state and the insurance sector.

International Business Times

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Europe Auto Struggles Lead To Cuts At Michelin, Germany's Schaeffler

French tyre company Michelin said Tuesday it would close two French plants by early 2026 and German parts maker Schaeffler announced 4,700 job cuts, the latest signs of struggles in the European auto industry.

International Business Times

Award-winning Cambodian Reporter Quits Journalism After Arrest

A high-profile Cambodian reporter who won an international award for uncovering alleged cyber scams told AFP Tuesday that he is quitting journalism, saying he has lost "courage" after being arrested by the authorities and freed on bail.

International Business Times

Shari Redstone To Leave Paramount Board Post Skydance Merger: Report

Both Redstone and her son, Tyler Korff, have the option to join the board of the new company but have no plans to do so, according to a report.

International Business Times

Norway Speeds Ahead Of EU In Race For Fossil-free Roads

On the quiet streets of an Oslo suburb, electric vehicles are parked in nearly every other driveway as Norway speeds towards its goal of becoming the first country free of fossil fuel-powered cars.

International Business Times

Harris Or Trump: America Decides In Knife-edge Election

American voters deliver their verdict Tuesday after an extraordinarily turbulent election that will either make Kamala Harris the first woman president in US history or deliver Donald Trump a comeback that sends shockwaves around the world.

International Business Times

World's First Wooden Satellite Launched Into Space

The world's first wooden satellite has blasted off on a SpaceX rocket, its Japanese developers said Tuesday, part of a resupply mission to the International Space Station.

International Business Times

Musk And X Allegedly Spearhead Election Misinformation, Experts Claim

A non-profit group claims that Musk and X are propagating election misinformation.

International Business Times

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International Business Times

Myanmar Junta Chief Visits Key Ally China

Myanmar's embattled junta chief arrived in China Tuesday -- his first reported visit since leading a coup in 2021 -- but analysts say the invitation is only a lukewarm endorsement from his key ally and could backfire.

International Business Times

Nintendo Lowers Sales Forecast As First-half Profits Plunge

Nintendo downgraded its annual sales forecast on Tuesday as net profit plunged 60 percent year-on-year in the first half, with fans awaiting the announcement of a new console.

International Business Times

New Hampshire Hamlet Tied In First US Election Day Votes

Voters in the US hamlet of Dixville Notch launched Election Day in the first minutes of Tuesday with a tied vote, mirroring the incredibly close national polls in the White House race.

International Business Times

Greenland Seeks To Capitalise On 'Last-chance Tourism'

A frozen landscape with breathtaking views, Greenland wants to attract more tourists, but its remote location and fragile environment -- which make it a unique destination -- also pose challenges.

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International Business Times

Saudi Aramco Says Quarterly Profit Drops 15% On Low Oil Prices

Energy giant Saudi Aramco reported a 15 percent year-on-year drop in third quarter profit on Tuesday, citing low oil prices.

International Business Times

Boeing Union Says Approves Contract, Ending Over 7-week Strike

Striking workers at Boeing approved a new contract proposal on Monday, ending a more than seven-week stoppage that had cost the beleaguered aviation giant billions.

International Business Times

Greenland Eyes Tourism Takeoff With New Airport Runway

A new runway at Greenland's Nuuk airport that can accommodate international flights is expected to lift the tourism sector, at the risk of inundating the Arctic island's infrastructure and fragile ecosystem.

International Business Times

Is Coinbase Token Listing Free Of Charge? Crypto Community Abuzz Over Alleged Multi-Million Dollar Fees

Coinbase is in the spotlight after Justin Sun and Andre Cronje revealed that Brian Armstrong's statements regarding Coinbase's listing being free of charge are "simply not true."

International Business Times

Boeing Workers End 53-Day Strike, Accept New Offer

The new offer includes an immediate 13% raise, followed by 9% hikes in each of the next two years, and a 7% increase in the fourth and final year of the contract, resulting in a total pay increase of over 43%. Additionally, workers will also receive a $12,000 ratification bonus.

International Business Times

Dogecoin Pumps As Touted D.O.G.E Chief Musk Urges Trump Support Before Elections

Dogecoin is pumping again as Elon Musk continues to rally support for Donald Trump with just hours left before the election that will crown the country's new president.

International Business Times

Bitcoin Could Reach $90K With Trump Victory, To Rise Regardless Of Election Outcome: Bernstein

Bernstein analysts reiterated their projection that Bitcoin can surge up to $90,000 if Donald Trump wins Tuesday, but they also noted that regardless of who wins, $BTC is on an inevitable upward trend.

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