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24/7 News

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8/22
09:40
QuantumScape (NASDAQ:QS) Chief Operating Officer Luca Giovanni Fasoli sold 32,255 shares of stock on August 18, valued at approximately $185,000. This move was made to satisfy tax obligations arising from equity vesting and does not reflect his view on the company's stock. Following the sale, Fasoli still holds 1.9 million shares of company stock worth $11 million, most of which are restricted stock and performance stock that require milestones to be met before vesting. The company stated that the core tool utilization rate of its Eagle Line production line has exceeded 90%, and management plans to double battery production in the second half of this year. Additionally, QuantumScape's GAAP net loss narrowed to $98.2 million in the second quarter, and year-to-date customer billings have reached $21.8 million, exceeding the total for the full year 2025.
09:40
The European Union is reviewing whether crypto lending should fall under its Markets in Crypto-Assets (MiCA) regulation. However, the nature of decentralized finance (DeFi) lending vaults is making it challenging to identify the exact entities that should be regulated.
08:39
Russian aerial strikes on Ukraine killed at least six people and injured 26 others, with casualties reported in Kyiv, Kherson, Donetsk, and Sumy regions. Meanwhile, Ukrainian officials reported a drone attack in Russia's southern Krasnodar region killed two children and injured their parents. These attacks occurred a day after a Russian assault on a shopping complex in Kryvyi Rih, which left 16 dead and over 130 wounded.
08:02
Bitcoin and the crypto market have recently experienced their strongest rally in months, leading to a massive liquidation of short positions. This surge is the result of multiple factors, including a historic short squeeze.
08:01
Despite recent declines, the S&P 500 is up 11.6% year-to-date, significantly outperforming the average midterm election year's 1.3% loss from 1954 to 2022. The analysis highlights a strong historical pattern of post-midterm market strength.
06:45
India has garnered $65.397 billion through its 35 million overseas diaspora's special Foreign Currency Non-Resident (FCNR(B)) deposits as of August 21, the Reserve Bank of India (RBI) said in its latest data released on Saturday. Along with overseas foreign currency debt and external commercial borrowings, the total inflow reached $72.85 billion.
06:41
The visit, scheduled for two days, will see Jaishankar co-chairing the meeting on trade, science, technology, and culture, and also meeting his Russian counterpart, Sergey Lavrov, to discuss regional and global issues. The visit comes amid US tariff threats.
06:22
Iran has authorized some Iraqi oil tankers to pass through the Strait of Hormuz, according to the Iranian news agency. This move comes after repeated requests from Baghdad, despite the fact that overall shipping in the strait remains severely restricted. Iraq heavily relies on Gulf export routes and is also working to expand alternative oil transportation avenues through Turkey, Syria, and Jordan.
04:11
Lebanon's economy has shifted from a brief post-crisis recovery to a sharp decline due to ongoing conflict, with real GDP projected to contract by 6.4% in 2026, the World Bank stated. The report noted that the conflict has damaged housing and infrastructure, displaced communities, disrupted supply chains, and severely impacted tourism and domestic demand. Furthermore, consumer prices face new pressures, with inflation expected to accelerate to 17.5%.
03:42
On-chain data shows a single issuance of the USDC contract, with transaction hash 0xf5ed3035c9b74050235fee4575b5373f458278df9b2885fbfb91cecfebcac89a.
03:05
Recent company documents show that these plans include zero-cost stock awards and stock grants covering almost all employees, aimed at retaining key talent in response to fierce domestic talent competition and intensifying Sino-US tech rivalry.

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