Author: Vidya Saras

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.KKR will not proceed with a planned deal to inject £4bn of equity into Thames Water, throwing the future of Britain’s largest water utility into doubt on a day that the sector’s troubles were underscored by an official review.Thames Water had selected the US private equity firm in March as its preferred partner for a recapitalisation deal, under which KKR would take over the near-insolvent utility and rescue it from the brink of nationalisation.However, Thames Water said on Tuesday that “KKR has…

Games on Friday (PhilSports Arena) 5 p.m. – Terrafirma vs Rain or Shine 7:30 p.m. – Phoenix vs NorthPort RAIN OR SHINE (ROS) coach Yeng Guiao is fully aware of the danger an opponent like Terrafirma can pose. The Dyip, at 1-8, are out of the running for the PBA Philippine Cup quarterfinals with still two games to spare, unlike his Elasto Painters (5-3) charges, who are safe in the “Magic 8” no matter what. But just as ROS is determined to grab the victory in the 5 p.m. match to fan its bid for the advantageous Top 4 spots,…

With the help of the James Webb Space Telescope, a team of astronomers has broken the record for the oldest, most distant galaxy detected to date by humans.In a preprint study, still awaiting peer review and publication in a journal, astronomers describe this primitive galaxy, giving it the name MoM z14. According to the researchers’ calculations, this “cosmic miracle” originated 280 million years after the Big Bang, beating the record set by the discovery just last year of JADES-GS-Z14-0, a galaxy created 290 million years after the origin of the universe.To put these measurements in context, the current age of…

Russia’s largest commercial bank, Sber has launched a Bitcoin-linked bond product that tracks the cryptocurrency’s change in price and the dollar-to-ruble exchange rate.The product is already available to qualified investors in the over-the-counter market, and Sber plans to list the product on the Moscow Stock Exchange in the future, the company formerly known as Sberbank said in a statement on May 30.The listing will ensure transparency, liquidity and convenience for a wide range of qualified investors, Sber added.Sber said the structural bond could allow holders to earn income from the change in dollar value in Bitcoin (BTC) and the strengthening…

I started to write a post that detailed a “roadmap” for Ethereum 1.x research and the path to stateless Ethereum, and realized that it’s not actually a roadmap at all —— at least not in the sense we’re used to seeing from something like a product or company. The 1.x team, although working toward a common goal, is an eclectic collection of developers and researchers independently tackling intricately related topics. Consequently, there is no “official” roadmap to speak of. It’s not complete chaos though! There is an understood “order of operations”; some things must happen before others, certain solutions are…

Yuga Labs has recently sold the intellectual property rights to the Moonbirds NFT collection to a new player in the crypto gaming space—Orange Cap Games.Announced on Friday, the deal marks Yuga Labs’ third major divestment of a high-profile NFT collection in 2025, following the sales of CryptoPunks and Meebits earlier this year.Whilst financial terms were not disclosed, the sale signals a continued shift in strategy at Yuga Labs as it narrows its focus to its core offerings, including its flagship Bored Ape brand and the long-awaited Otherside metaverse game. Source: Greg Solana (X)Why is Yuga Labs selling Moonbirds?Yuga Labs acquired…

Let’s dive into how Cryptonix is shaping the future of digital payments and explore tools and features it provides to businesses and individuals. As the digital economy continues to expand, the use of cryptocurrencies has surged beyond mere investment to become a mainstream mode of payment. From individual users to global enterprises, crypto transactions are gaining popularity for their speed, security, and decentralized nature. One company leading the charge in this digital revolution is Cryptonix, a forward-thinking platform offering end-to-end solutions that streamline crypto transactions, from wallets and invoices to payment gateways and converters. 1. Crypto Wallets for Business and…

As midrange phones designed to plug the gap between flagships, the Honor 400 and 400 Pro might not ordinarily attract much attention. But these devices—unavailable in the US—are among the first to feature Google’s image-to-video AI generator, based on its Veo 2 model (now available to Gemini subscribers). Built into Honor’s Gallery app, it enables you to select a still photo from your camera roll to bring it to life as a five-second video.After much experimentation with different photos, from landscapes to family and pets, I’m impressed and weirded out. Like any AI tool, it has the potential to be…

Norwegian Block Exchange (NBX), a leading Nordic cryptocurrency exchange and digital asset platform, announced that it has added Bitcoin to its balance sheet, marking a national milestone as the first publicly listed company in Norway to hold Bitcoin as part of its treasury strategy. The company has secured 6.0 Bitcoin and plans to increase its holdings to 10.0 within June. The assets, loaned from NBX’s largest shareholders, will be used as collateral to issue USDM, a MiCA-compliant stablecoin. NBX said it aims to generate yield through Bitcoin and the USDM ecosystems. “NBX will not sell this Bitcoin or go short…

Ukraine’s assault on Russia’s nuclear triad and the inevitable backlash are designed to force Trump’s hand and drag America into war. U.S. should declare neutrality.