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Revenues generated by Egypt’s Suez Canal saw a 40% year-on-year decline in the first eleven days of 2024, canal authority head Osama Rabie said earlier this week. Ship traffic through the maritime artery connecting the Mediterranean and the Red Sea dropped 30% between January 1 and January 11 compared to the same period a year…

Tesla has liquidated roughly three-quarters of its bitcoins, adding $936 million in cash to its balance sheet, according to the company’s latest earnings report released on Wednesday. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” the company revealed in its financial report.