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Crypto exchange Gemini not at fault for collapse of Earn lending program, arbitrator says

August 31, 2026

Gemini Space Station scored a legal victory earlier in August after an arbitrator found the crypto exchange did not mislead users and was not at fault for the collapse of its Earn lending program. The claim was filed in late 2024 by a user of the digital asset firm's lending program Earn. However, there was insufficient evidence that Gemini had lied to its customers or neglected to do due diligence with Genesis Global Capital, its main lending partner, according to the ruling viewed by CNBC. "To succeed in a claim for negligent infliction of emotional distress, a claimant must prove: (i) a breach of a duty owed to the claimant; (ii) emotional harm; (iii) a direct causal connection between the breach and the emotional harm; and (iv) circumstances providing some guarantee of genuineness of the harm," the Aug. 12 ruling said. "In the instant case, Claimant offered no evidence of an actual or perceived threat to his physical safety." Launched in 2021, Earn allowed ...

How the US-Canada trade war is being felt on both sides of the border

August 31, 2026

By Nadine Yusif , Senior Canada Reporter and Jessica Murphy , Canada editor Published 9 hours ago The US and Canada appear no closer to resolving their ongoing trade dispute. Tensions have been simmering between the two neighbours since President Donald Trump returned to the White House just over 18 months ago, and unleashed a wide-ranging global programme of tariffs. Canada was one of the first countries the Trump administration hit with levies, and is one of two countries to respond with its own reciprocal measures. Currently, the US has hit Canada's key sectors of steel, aluminium, lumber and automobiles with tariffs, and last week imposed an additional 50% levy on about C$28bn ($20bn; 15bn) of Canadian goods. Canada has hit back with its own counter-tariffs on American goods, announcing on Tuesday what it calls a "dollar-for-dollar" and "strategic" retaliation designed to match the US tariffs. With no resolution in sight, how has this enduring trade war aff...

France is becoming the ‘poster child’ of sovereign debt problems as government borrowing costs hit near 2008 highs

August 31, 2026

France's deteriorating public finances and political deadlock are becoming a growing concern for bond investors, with borrowing costs near financial-crisis-era highs as another difficult budget battle looms. The European Union's second-largest economy has endured recurring political instability and mounting fiscal strain in recent years. It has repeatedly broken European Commission rules on budget deficits and debt limits, and successive prime ministers have been ousted after failed attempts at reform, spending cuts and tax rises to bring the situation under control. France is subject to the EU's excessive deficit procedure , with the Council recommending that it end its excessive deficit by 2029 but it has a long way to go. EU treaties set reference values of 3% of GDP for government deficits and 60% for government debt. Last year, France's deficit reached 5.1% of GDP, while the debt-to-GDP ratio surpassed 115%. The IMF projected in July that France's gross go...

Will financial innovation dethrone the dollar?

August 31, 2026

The evolution of a truly multi-polar currency market depends on governments’ willingness to embrace technology and fortify markets 🔥 EXCLUSIVE PARTNER OFFER Multifunctional Electric Cordless Window Cleaner Machine White Cordless Rechargeable Automatic Portable Glass Cleaner Tools Special Price ⚡ Flash sale! Get the best deals on AliExpress today. Hurry, stocks are limited! 🛒 Buy Now on AliExpress → Affiliate link — Commission earned at no extra cost to you 📰 Original source: https://www.ft.com/content/1481e787-77dc-4d54-8871-8ffb369e5dd3 © EcoNews DZ — Global Economic & Financial News