Crypto markets reel as bitcoin slides

Crypto markets reel as bitcoin slides

Bitcoin was on the cusp of breaking below the key US$70 000 level on Thursday as a slide in the world’s largest cryptocurrency showed no signs of stopping. Bitcoin fell 2% in early European trade, having dropped as much as 3.5% earlier during the Asian session to $70 052.38, its lowest level since November 2024. Ether, meanwhile,…

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From stocks to crypto, markets reel as AI doubts grow

From stocks to crypto, markets reel as AI doubts grow

Global markets retreated on Friday as a stock rout on Wall Street went global, with volatility gripping precious metals and cryptocurrencies while AI fears weighed on equities. The MSCI All-Country World Index rallied off intra-session lows to trade flat, but the benchmark was still on track for its worst weekly performance since mid-November, with a…

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Solar-powered EVs set to transform African mobility markets

Solar-powered EVs set to transform African mobility markets

EV adoption in Africa could accelerate before 2040, but high financing costs remain the main barrier to uptake. Electric vehicles (EVs) could become economically competitive across large parts of Africa well before 2040, driven by falling technology costs and the rise of solar-powered, off-grid charging infrastructure. This is according to new research led by research…

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High-integrity carbon markets could unlock the path to rapid climate action, experts say at UNEA-7

High-integrity carbon markets could unlock the path to rapid climate action, experts say at UNEA-7

Participants during the, “High-Integrity Carbon Markets: Impact and Path to Accelerated Climate Action,” discussions at UNEA-7. PHOTO/UN BY KARIUKI CHEGE [email protected] Over 200 participants convened at a pivotal event on the margins of the United Nations Environment Assembly (UNEA-7) to explore the rapidly evolving role of carbon markets in addressing climate change. The session, titled…

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