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Sarb hikes interest rates for first time in three years – Central Banking Skip to main content End of drawer navigation content MPC split, though governor says this was more about timing than direction of travel The South African Reserve Bank raised its policy rate by 25 basis points to 7% on May 28, marking its first rate hike since May 2023. Governor Lesetja Kganyago opened his statement by saying “hopes for a quick end to the Middle East crisis have faded”. He said South Africa’s growth forecasts for the next two years have been lowered, and the country now faces…

Businesses operating in the United Kingdom must now freeze assets and transactions connected to the sanctioned platforms. The UK has targeted 18 crypto platforms, banks, and financial networks used by the Kremlin-backed “A7” payment network to bypass international economic restrictions. The sanctioned entities are accused of processing more than $90 billion in 2025 to fund Russia’s invasion of Ukraine.  Crypto Platforms Linked to Illicit Russian Flows A TRM Labs report reveals that Huobi, Exmo Exchange, Bitpapa, and Rapira Group were some of the targeted exchanges, with Huobi alone sending more than $4.9 billion in on-chain transactions to UK-sanctioned entities…

Key PointsLast week, SpaceX successfully tested the launch capabilities of its Starship megarocket. It had been seven months since the last test launch, a delay caused by a variety of technical challenges, including the destruction of the rocket’s massive booster during a November test. Millions of eyes are now tracking SpaceX’s every move, given that the space stock is hoping to execute an IPO this summer, perhaps as early as next month. There are already several ways to buy into SpaceX today. But by far the easiest route will be to simply wait until shares trade on public markets.Will AI…

Retail investors are rushing into the space investing trade ahead of the SpaceX IPO, and one ETF has cashed in on the excitement.Tema ETFs’ Space Innovators ETF, which launched on March 30 and trades under the ticker symbol NASA, crossed $1 billion in assets in just 37 trading days, and by the end of this past trading week, had reached over $2.6 billion in assets. That rapid rise is due in part to retail investors hunting for exposure to SpaceX before it goes public.While SpaceX has taken an unusual approach to its offering, setting up access for retail investors through…

Trump considers dropping Freedom 250 concerts in D.C. after artists pull out

The AI boom has triggered an insatiable need for new, localized, decentralized and clean alternative power generation methods. While there has been much speculation about small modular nuclear reactors, regulatory hurdles can delay this possibility for many years. AI data centers have faced growing scrutiny for hogging power grid capacity, causing residents’ electric bills to skyrocket.As covered in our last article, is a major beneficiary of this trend, as its Bloom Boxes are in very high demand. This has sent the stock soaring into the $300s, up from $18s just a year ago. If you missed out on Bloom Energy’s…

Inflation fight again putting central bank independence under strain, policymakers say

Brendan Carr, commissioner at the Federal Communications Commission (FCC), during a Senate Commerce, Science, and Transportation Committee oversight hearing in Washington, DC, US, on Wednesday, Dec. 17, 2025. Kent Nishimura | Bloomberg | Getty ImagesDisney shot back at the Federal Communications Commission on Thursday as part of an early renewal process for broadcast licenses for eight of the company’s stations. Disney said in filings it was submitting the applications “under protest in response to an unlawful, arbitrary, and unconstitutional order” from the FCC. In late April, the FCC said it was launching an early review of the Disney-owned ABC stations…

May 28, 2026 Federal Reserve Board issues enforcement actions with former employee of Atlantic Union Bank and former employee of Frost Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: Consent prohibition against Crystal Moore Former employee of Atlantic Union Bank, Richmond, Virginia Coronavirus Aid, Relief, and Economic Security, or CARES Act loan fraud Consent prohibition order against Jesse Romo Former employee of Frost Bank, San Antonio, Texas Embezzlement of bank funds Additional enforcement actions can be searched for here. For media inquiries, please email…

The Sui layer-1 blockchain experienced another disruption on Friday, causing a “network stall” that temporarily halted block production, before normal activity resumed, according to the Sui team.Network activity “may be paused,” the Sui team said. The network disruption lasted for over three hours and 30 minutes at the time of publication, according to the Sui network’s uptime dashboard.Sui’s mainnet validators experienced disruptions on both Thursday and Friday. Source: SuiThe last block before the disruption was produced at about 11:51 UTC on Friday, according to the Suiscan block explorer. Network activity on the Sui mainnet resumed at about 3:30 UTC. The…