Citigroup mistakenly credits customer $81 trillion
Citigroup mistakenly credits customer $81 trillion

Citigroup mistakenly credited $81 trillion instead of $280 to a customers account, taking hours to reverse the transaction, the Financial Times (FT) reported on Friday. The incident highlights ongoing operational issues the bank has been trying to resolve. The error, which occurred last April,...

Trump administration breaks from Musk's directive on federal workers' email response
Trump administration breaks from Musk's directive on federal workers' email response

The Trump administration has broken with Elon Musks directive, declaring that federal workers response to his recent email is voluntary. This marks the first major clash between Musks demands and top officials in President Trumps administration, reads an NYT post. On Monday, just two days after...

Sharjah imposes 20% tax on natural resources companies under new law
Sharjah imposes 20% tax on natural resources companies under new law

Sharjah has introduced a 20% corporate tax on companies involved in both extractive and non-extractive activities related to natural resources, as announced on Thursday, reads a Khaleej Times report. The law, passed by Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of...

Crypto giant Binance faces investigation in France for money laundering, tax fraud
Crypto giant Binance faces investigation in France for money laundering, tax fraud

French authorities have launched a judicial investigation into Binance, the worlds largest cryptocurrency exchange, citing allegations of money laundering, tax fraud, and illegal operations, some linked to drug trafficking. The probe spans offences from 2019 to 2024, including violations in France...