Telegram's crypto wallet launches in the US
The TON wallet, named because it is built on the TON blockchain, is integrated directly into the Telegram app. By existing within the app, Telegram's crypto wallet is supposed to form an easier onramp for new crypto users.
Telegram has offered crypto wallets to international users since 2023, though it was unable to roll out in the US until now due to regulatory uncertainty. Telegram says more than 100 million global users activated their wallets last year, which is about 10% of Telegram's 1 billion active users. Public data shows that about 334,000 transactions are processed on the TON blockchain per day.
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Business Insider
a few seconds ago
- Business Insider
The aviation industry can breathe a sigh of relief after dodging tariffs in Trump's EU trade deal
The EU-US trade deal includes a significant win for aviation after months of fears that the industry would face punishing tariffs. At April's "Liberation Day" announcement, Donald Trump initially imposed a 20% tariff on all exports from the European Union. Since negotiations have only seen that lowered to 15%, the deal is largely being seen as a win for the US. However, some European companies, like Airbus, still have reason to be cheerful because aircraft and their components are facing zero tariffs. The aviation industry has faced a nervous few months of waiting, given its reliance on a highly complex and global supply chain — already under huge strain since the COVID-19 pandemic. Optimism was already boosted at last month's Paris Air Show when Transportation Secretary Sean Duffy said he favoured returning to a zero-tariff agreement from 1979, in line with much of the industry's top players. Meanwhile, planemakers and airlines have been devising creative ways to avoid Trump's levies. For example, Delta Air Lines deployed a similar tactic from a past US-EU trade war. In May, the airline had an Airbus plane delivered to Japan instead of the US. So long as the jet was only used for international flights, it wouldn't be officially imported to the US, so there would be no tariffs to pay. The Irish budget airline Ryanair, Europe's biggest carrier by passengers, was also preparing ways to limit the impact. CEO Michael O'Leary said in an earnings call last week that, even though its deals with Boeing made the planemaker responsible for paying fees, the airline was willing to help find ways around it. He suggested registering planes in the UK, which also faces no aviation tariffs, or even delaying some deliveries. However, the concerns aren't over for everyone yet. While reaching a deal makes the future of the economy more predictable, many companies are expected to pass the costs of tariffs onto consumers. That could therefore see travel demand further falter as people find themselves with less money to spend. In its second-quarter earnings last week, American Airlines reported record revenue but lowered its profit forecast. It predicts adjusted earnings per share between a loss of 20 cents and a profit of 80 cents, down from profits between $1.70 and $2.70 issued in January. But CEO Robert Isom said he was more optimistic about demand given growing GDP and trade-deal progress. "I think that all lends to a customer that's more willing to get out there and spend on travel and do some things that they want to do," he said.
CNN
7 minutes ago
- CNN
Trump set to meet with UK prime minister after making progress on EU trade deal
Update: Date: 2 min ago Title: Trump meeting with UK prime minister after reaching EU trade deal Content: President Donald Trump greeted UK Prime Minister Keir Starmer in Scotland at one of his golf courses this morning. Fresh from announcing the framework of a trade agreement with the European Union, Trump said earlier he expected Starmer would also be pleased. 'The prime minister of the UK, while he's not involved in this, will be very happy because you know, there's a certain unity that's been brought there, too,' Trump told reporters. Update: Date: 34 min ago Title: France's prime minister calls EU-US trade agreement a "dark day" for Europe Content: France's prime minister criticized a trade agreement reached on Sunday between the European Union and United States, calling it a 'dark day' for Europe. 'It is a dark day when an alliance of free peoples, gathered to assert their values and defend their interests, resolves to submission,' François Bayrou wrote in a post on X on Monday. While some European leaders welcomed the agreement — a framework for a future trade deal that set a tariff of 15% on most EU imports into the US — others expressed their dismay. Belgium's Prime Minister Bart De Wever said Sunday's deal was a 'moment of relief but not of celebration.' 'I sincerely hope the United States will, in due course, turn away again from the delusion of protectionism and once again embrace the value of free trade – a cornerstone of shared prosperity,' he wrote on X on Sunday. Bernd Lange, chair of the European Parliament's trade committee, called the deal 'not satisfactory' in a post on X Sunday. 'This is a lopsided deal,' he wrote. 'Concessions have clearly been made that are difficult to accept.' Update: Date: 52 min ago Title: US-China trade talks kick resume in Sweden today Content: For the third time in as many months, US and Chinese officials will meet in Europe for trade talks — and this time, Beijing is arriving at the negotiating table more emboldened than ever. Its firm grip on strategic minerals has compelled the Trump administration to roll back some export curbs on China, including a stunning reversal of the ban on sales of a key Nvidia AI chip. Meanwhile, the Chinese economy has delivered better-than-expected growth months into the trade war, according to government data, posting a record trade surplus that underscores the resilience of its exports as they pivot away from the US market. And just a few days ago, Beijing reinforced its tough posture at a key summit with the European Union, offering little to address the bloc's concerns spanning from trade imbalances to the Ukraine war. When a new round of talks begins in Stockholm today, Chinese negotiators led by Vice Premier He Lifeng are expected to greet their American counterparts with fresh confidence in Beijing's uncompromising, hard-edged approach – and a growing appetite for further US concessions. Treasury Secretary Scott Bessent, who's leading the US delegation, said before the talks in the Swedish capital that the two sides would be working out a 'likely' extension of their trade truce, which currently expires on August 12. Yesterday, President Donald Trump said the US is 'very close to a deal with China,' but offered no further details. Read more about the talks. Update: Date: 1 hr 6 min ago Title: How Trump blends business with presidential duties Content: Today, US President Donald Trump plans to visit his two golf properties in Scotland: First, he's meeting UK Prime Minister Keir Starmer at Trump Turnberry before heading to Trump International Scotland in Aberdeenshire, where he'll participate in an opening ceremony for a second 18-hole golf course. The trip is the president's latest example of using the trappings of the White House to promote and enrich his businesses while in office. In his second term, Trump has shown a greater willingness to openly accept gifts from foreigners and foreign governments alike. And to find ways to profit. The president has already made millions from his family's cryptocurrency ventures, foreign investments, private clubs and the sale of a host of Trump-branded products, according to financial disclosure documents. Trump made more than $1.3 million from Lee Greenwood's 'God Bless the USA' Bible, $2.5 million from Trump sneakers and fragrances, $2.8 million selling 'Trump Watches' and more than $1 million on a '45' guitar, a popular moniker referring to his first term as the 45th president. And then there's Trump Mobile, a wireless service with monthly plans and a $499 smartphone. His companies continue to ink foreign deals. The Trump family's business ties to the Middle East have more than tripled since the president's first term in office, including several new projects since Trump returned to the White House. Perhaps most notably, Trump accepted a luxury 747 jet from the government of Qatar as a 'gift' to be used as Air Force One — and one that would part of his presidential library after he leaves office. Read the full story. Update: Date: 36 min ago Title: The US has a trade deal with the EU. Here's what we know Content: The US and the EU have reached a framework for a trade deal, ending a months-long saga with America's largest trading partner. President Donald Trump announced a 15% levy on most imports from the 27-nation European Union after talks with European Commission President Ursula von der Leyen in Scotland yesterday. While specifics of the deal have not been disclosed, Trump touted the agreement with the bloc as 'the biggest deal ever made.' Von der Leyen said the deal would bring 'stability' and 'predictability,' and other European leaders have largely welcomed the development. Here's what we know about the deal:
Yahoo
27 minutes ago
- Yahoo
Copper Rises to Start Pivotal Week Ahead of US Tariffs Deadline
(Bloomberg) -- Copper rose along with equities after the European Union's deal with the US averted a damaging rift between the two major economies, while traders watch for final details on imminent US tariffs on the industrial metal. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Budapest's Most Historic Site Gets a Controversial Rebuild Trump Administration Sues NYC Over Sanctuary City Policy Benchmark prices edged higher on the London Metal Exchange, following a tariff agreement that will see the EU face 15% levies on most exports. The deal comes ahead of a US-China meeting in Stockholm that's expected to extend a trade truce for 90 more days. But for copper, the most anticipated development will be the launch of a touted 50% tariff on the metal, with details still unclear ahead of their planned start date on Friday. President Donald Trump's administration hasn't so far confirmed important aspects of the duties, including which products will be covered, whether supplies from all nations will be hit equally, or how metal already on its way to US shores will be treated. Global traders have shipped massive amounts of copper to America to get ahead of tariffs, and Trump's announcement of an Aug. 1 deadline earlier this month triggered a last-minute scramble. Prices in the US are now much higher than those on the LME, but they don't fully reflect a 50% universal tariff rate on all exchange-traded copper. The premium now stands at about 30%. Further important developments lie ahead this week. The Federal Reserve is expect to keep rates unchanged at the conclusion of its policy meeting on Wednesday, but its commentary will be scrutinized for clues on what comes next. There's also a deluge of US data, from the latest on economic growth to jobs. Copper rose 0.6% to $9,824.50 a ton on the LME as of 11:51 a.m. in London. Aluminum was steady while zinc and nickel both edged 0.6% lower. The Bloomberg Dollar Spot Index rose 0.4%. (A previous version of this story corrected the planned date for start of US tariffs.) Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Scottish Wind Farms Show How to Counter Nimby Opposition ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
