Oil prices surrendered much of their early gains on Tuesday after Qatar said diplomatic efforts to end the five-month U.S.-Iran war were continuing, easing immediate fears of a prolonged disruption to global crude supplies even as attacks on shipping in the Strait of Hormuz kept energy markets on edge. The mixed trading across oil, gold […] The post Oil Pares Gains As Qatar Pushes U.S.-Iran Diplomacy; Treasury Yields Rise While Gold Steadies On Fed Uncertainty appeared first on Tekedia.

HSBC Holdings reported stronger-than-expected first-half earnings and upgraded its full-year net interest income outlook, as its pivot toward Asia’s wealth management and cross-border banking markets continues to generate robust returns. Europe’s largest lender posted pre-tax profit of $19.5 billion for the first six months of the year, a 23% increase from $15.8 billion a year […] The post HSBC Beats Profit Forecasts, Announces $1bn Share Buyback, Raises Net Interest Income Outlook as Asia Wealth Boom Drives Growth appeared first on Tekedia.

A new national poll has revealed that a majority of Americans believe they would feel more protected as consumers if Congress passes the Digital Asset Market Clarity Act, commonly known as the CLARITY Act. As digital assets become more mainstream, many Americans are seeking clearer rules to boost confidence in the industry while safeguarding investors. […] The post 55% of Americans Would Feel More Protected as Consumers If The CLARITY Act Passes – New Poll Reveals appeared first on Tekedia.

The gaming and creator economy continues to reshape consumer markets, and the latest milestone comes as Rekt’s collaboration with FaZe Clan officially lands on Amazon. The launch of Rekt x FaZe energy drink cans on the world’s largest online marketplace marks a significant step in the evolution of gaming-inspired consumer products. By moving beyond direct-to-consumer […] The post Rekt x FaZe Energy Drink Cans Arrive on Amazon, Expanding the Brand’s Reach appeared first on Tekedia.

Nigeria has taken one of its most significant steps toward regulating the digital asset economy, with the Nigeria Revenue Service (NRS) unveiling comprehensive guidelines that bring cryptocurrencies and other virtual assets firmly within the country’s tax framework. The new Guidelines on the Taxation of Virtual Assets, issued under the recently enacted Nigeria Tax Act and […] The post Nigeria Tightens Crypto Oversight With New Tax Rules for Digital Assets and Exchanges appeared first on Tekedia.

Kwara AI Summit 2025 Concludes Successfully, Establishing Kwara as a Rising Hub for Artificial Intelligence in Africa The inaugural Kwara AI Summit 2025 concluded successfully after two impactful days of innovation, collaboration, and forward-looking conversations,… TechCity

Festival season presents fabulous opportunities for engagement and fanfare. It’s a celebratory milieu coupled with artistic narratives and a wellspring of creative energy. This is hardly the appropriate time to be staring at a screen and ensconced in the digital realm. Indeed, festivities are the perfect counterbalance to solemnities; a convivial celebration and triumph of […] The post Festival Season Meets Football: How to Bet on the Game Without Leaving the Party appeared first on Tekedia.

Crypto traders have another perpetual futures platform to assess following the official launch of Remittix Markets. The new platform brings live perps trading into the RTX ecosystem, expanding Remittix beyond its original crypto-to-fiat payments focus. It also gives active traders a new way to interact with the project ahead of the official RTX token launch. […] The post Remittix Markets Is Live, Giving Crypto Traders A New Perps Platform To Watch appeared first on Tekedia.

Artificial intelligence is often described as a race for smarter algorithms, faster computers, and more powerful models. Yet one of the most significant changes in the field has received far less attention. The real transformation is not only what AI can do, but who now has the power to shape its future. Evidence from a […] The post The Biggest Shift in Artificial Intelligence Is Not Technology appeared first on Tekedia.

Lagos-born mobility company Moove has crossed into unicorn territory, closing a $250 million Series C round that values the company at $2.1 billion. It is the largest single funding round raised by an African startup so far in 2026. Mubadala Investment Company led the round, with Woven Capital (Toyota’s growth fund) and Ion Pacific co-leading. […] The post Moove Becomes Africa’s Newest Unicorn After $250M Series C appeared first on Tech In Africa.

The controversy surrounding the Oloolu masquerade and Wasilat has become more than a cultural dispute in Ibadan. It has evolved into a national conversation about belief, tradition, authority, social media, and the power of fear. Beyond deciding who is right or wrong, the incident invites us to ask a more important question: how does fear […] The post Oloolu and Wasilat: How Fear is Communicated and Contested appeared first on Tekedia.

Key points Main Story The Nigerian Technical Aid Corps (NTAC) has said its technical assistance programme is strengthening Nigeria’s international image by deploying skilled professionals to support development and deepen diplomatic relations across Africa, the Caribbean and the Pacific. The Director-General of NTAC, Dr Yusuf-Buba Yakub, stated this on Tuesday in Abuja during a one-day […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

SK Hynix is facing renewed labor tensions as management and representatives of one of its South Korean unions entered a fifth round of negotiations on Tuesday over a lucrative bonus package. The talks, taking place at the company’s semiconductor manufacturing complex in Cheongju, center on a proposed overhaul of SK Hynix’s profit-sharing scheme after record […] The post SK Hynix Faces Fresh Labor Tensions As Union Rejects Stock-Based Bonus Proposal Amid AI-Driven Profit Boom appeared first on Tekedia.

The Trump administration is preparing new restrictions that would prohibit imports of new Chinese-made optical transceivers used in U.S. data centers, escalating Washington’s efforts to secure critical artificial intelligence infrastructure and reduce reliance on Chinese technology in strategic sectors. According to Reuters, the Federal Communications Commission is drafting a measure that would block imports of […] The post Trump Administration Plans Ban on New Chinese Data Center Components to Secure U.S. AI Infrastructure appeared first on Tekedia.

The legal dispute between OpenAI and Apple intensified on Tuesday after OpenAI publicly rejected Apple’s trade secrets lawsuit, accusing the iPhone maker of filing a complaint riddled with factual inaccuracies and releasing email exchanges that it says undermine several of Apple’s central allegations. In a sharply worded blog post, OpenAI described Apple’s lawsuit as a […] The post OpenAI Rebuts Apple’s Trade Secrets Lawsuit, Says Internal Emails Undercut Key Allegations appeared first on Tekedia.

Amazon has reached a historic financial milestone by surpassing a $3 trillion market capitalization for the first time, joining an exclusive group of the world’s most valuable publicly traded companies. The achievement underscores the company’s remarkable transformation from an online bookstore into a global technology powerhouse spanning e-commerce, cloud computing, artificial intelligence, digital advertising, logistics, […] The post Amazon’s Historic $3 Trillion Market Cap Reflects Investor Confidence in AI appeared first on Tekedia.

Nigeria’s National Economic Council (NEC) has approved a new $4.5 billion oil-backed pre-export financing facility for Nigerian National Petroleum Company Limited (NNPC Ltd.), replacing part of an existing arrangement with a larger and more flexible structure aimed at strengthening the country’s foreign exchange reserves, easing pressure on public finances and creating additional funding for infrastructure. […] The post Nigeria Approves $4.5bn NNPC Oil-Backed Refinancing To Strengthen Reserves, Ease Debt Burden appeared first on Tekedia.

Franklin Templeton has taken a significant step in its blockchain strategy by joining the Canton Network as a super validator, reinforcing the growing convergence between traditional finance and decentralized financial infrastructure. The move highlights the asset manager’s commitment to tokenization, blockchain-based settlement, and the modernization of capital markets. As one of the world’s largest investment […] The post Franklin Templeton Joins Canton Network as Super Validator, Boosting Institutional Blockchain Adoption appeared first on Tekedia.

Apple has launched a fresh legal challenge against the U.K. government’s attempt to compel the company to provide access to encrypted data belonging to British users, reopening a high-profile dispute over privacy, national security and law enforcement powers. The latest case comes about a year after a previous confrontation between Apple and the U.K. government, […] The post Apple Renews Legal Fight Against UK Over Encrypted Data Access As Privacy Battle Escalates appeared first on Tekedia.

The cryptocurrency industry continues to experience a turbulent mix of security challenges, platform disruptions, and shifting user behavior. In the latest developments, losses linked to the Coldcard hardware wallet vulnerability have reportedly exceeded $100 million following additional waves of attacks, while Telegram briefly disappeared from Apple’s App Store before being reinstated. At the same time, […] The post Coldcard Hack Losses Top $100M, Telegram’s App Store Removal and Fomo’s Rise Reflects Crypto’s Rapidly Shifting Landscape appeared first on Tekedia.

Russia has announced a sweeping ban on cryptocurrency mining in Moscow that will remain in effect until 2032, marking one of the country’s most significant interventions in the digital asset industry. The decision reflects the government’s growing concerns over electricity consumption, energy security, and the need to prioritize power supplies for households and critical industries. […] The post Why Russia Has Banned Cryptocurrency Mining in Moscow Until 2032 appeared first on Tekedia.

The failure of the United States Senate to include the CLARITY Act in its legislative schedule has introduced fresh uncertainty for the cryptocurrency industry, which has been seeking a comprehensive regulatory framework for digital assets. While lawmakers continue to debate the future of blockchain innovation, the absence of the bill from the Senate’s agenda signals […] The post Senate Omits CLARITY Act, Delaying US Crypto Regulation appeared first on Tekedia.

A federal law enforcement officer entrusted with investigating cybercrime now faces allegations of committing one of the very offenses he was sworn to combat. An FBI agent has been accused of stealing approximately $1 million worth of cryptocurrency that had been seized during investigations targeting cybercriminals and other adversaries. The case has sparked renewed concerns […] The post FBI Agent Accused of Stealing $1 Million in Cryptocurrency From Criminal Investigations appeared first on Tekedia.

Palantir Technologies delivered another blockbuster quarter on Monday, strengthening its position as one of the biggest corporate beneficiaries of the artificial intelligence boom as Chief Executive Alex Karp said that the company’s explosive growth is proving that AI can fundamentally reshape how software companies operate. The data analytics and AI software company reported second-quarter results […] The post Palantir Says AI Is Rewriting Enterprise Software As Commercial Revenue Surges 149% With ‘A Minuscule And Shrinking Sales Head Count’ appeared first on Tekedia.

Iran has rejected recent claims by the United States that the Strait of Hormuz is completely under American control, reigniting debate over one of the world’s most strategically important maritime corridors. The statement comes amid heightened geopolitical tensions in the Middle East, where military deployments, diplomatic negotiations, and energy security remain closely intertwined. Tehran insists […] The post Iran Rejects U.S. Claim That the Strait of Hormuz Is Fully Under American Control appeared first on Tekedia.

Wall Street edged closer to a historic milestone as the S&P 500 closed just 20 points below its previous all-time high, fueled by growing optimism that a new peace agreement involving Iran could reduce geopolitical tensions in the Middle East. The rally reflected a broad shift in investor sentiment, with traders moving back into risk […] The post S&P 500 Ends Just $20 Below Record High as Iran Peace Prospects Boost Market Confidence appeared first on Tekedia.

A coalition of 25 Democratic-led U.S. states has launched a fresh legal challenge against President Donald Trump’s latest round of global tariffs, arguing that the administration once again exceeded its statutory authority by imposing sweeping import duties that affect virtually all U.S. trading partners. The lawsuit, filed on Monday in the United States Court of […] The post 25 Democratic-Led States Sue Trump Administration Over New Tariffs, Arguing White House Exceeded Legal Authority appeared first on Tekedia.

Shares of Palantir Technologies (NASDAQ: PLTR) jumped roughly 8% after the company reported stronger-than-expected quarterly earnings and raised its forward guidance, reinforcing investor confidence that demand for artificial intelligence-driven software remains robust. The rally adds to an already remarkable year for Palantir, whose rapid expansion across both government and commercial markets has positioned it as […] The post PLTR Surges 8% After Earnings Beat and Stronger Forward Guidance appeared first on Tekedia.

The chief executive of Hugging Face has called for mandatory disclosure of AI-related cyberattacks, noting that greater transparency, rather than restricting access to advanced artificial intelligence models, is the most effective way to strengthen cybersecurity as increasingly capable AI systems are deployed. Speaking in an interview with CBS aired on Sunday, Hugging Face CEO Clem […] The post Hugging Face CEO Calls for Mandatory AI Cyberattack Disclosures After OpenAI And Anthropic Security Incidents appeared first on Tekedia.