U.S. Added Just 73K Jobs in July, Unemployment Rate Rose to 4.2%

U.S. jobs market growth slowed considerably not just last month, but in May and June as well, likely giving more fuel to those calling for Federal Reserve rate cuts. Nonfarm payrolls rose 73,000 in July, according to a Friday morning report from the Bureau of Labor Statistics. That’s up from 14,000 in June, but that … Read more

UAE Scraps Value Added Tax on Crypto Transactions, Binance Foresees Rapid Growth in Web3 Businesses

Earlier this week, the UAE announced changes to its tax policy, exempting certain crypto transactions from Value Added Tax (VAT). This move eliminates the previous 5 percent VAT on crypto transfers and conversions. In an interview with Gadgets360, Binance’s Head of Regional Markets, Vishal Sacheendran, called the decision a significant step towards positioning the UAE … Read more

India Added 4.7 Million Web3 Developers in 2024, Set to Surpass US: Hashed Emergent

India is on track to surpass the US as the largest hub of Web3 developers by 2028, according to the India Web3 Landscape Report (2024), released on March 11. In 2024, India’s Web3 developer community grew by 28 percent, adding over 4.7 million developers to GitHub. The report also noted that India accounted for 17 … Read more

iPhone 7 Plus and iPhone 8 Added to Apple’s Vintage and Obsolete Products List

Apple has updated its list of vintage and obsolete devices to include two more iPhone models — iPhone 7 Plus and iPhone 8. These smartphones are now considered outdated and their service and repairs will be limited. The Cupertino-based tech giant usually discontinues hardware service for certain products that are technologically obsolete due to difficulty in … Read more