Ethiopia Sees Budget Deficit Widening to 1.4% of GDP Next Fiscal Year

Ripple Wins Regulatory Approval in Singapore to Scale Digital Payment Offerings for Banks and Fintechs

Ripple’s Singapore subsidiary received an expanded payment license, allowing it to offer digital token payments, cross-border transfers, and other regulated services. The move strengthens Singapore as Ripple’s Asia-Pacific hub and supports faster, more efficient payments using RLUSD and XRP.

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AB Charity Foundation Provides Additional HKD 3 Million, Bringing Total Donations to HKD 15 Million in Partnership with the Hong Kong Association for the Promotion of Peaceful Reunification of China to Uphold the “Lion Rock Spirit”

On 2 December 2025, the AB Charity Foundation further announced an additional donation of HKD 3 million. With this third contribution, the Foundation has now donated a total of HKD 15 million via the Hong Kong Association for the Promotion of Peaceful Reunification of China to support projects related to the Wang Fuk Court fire.

AB 慈善基金会再追加 300 万，三次捐款共 1500 万港币，与中国和平统一促进会香港总会践行「狮子山下精神」

12 月 2 日，AB 慈善基金会再度追加捐款 300 万港币。至此，AB 慈善基金会就本次大埔宏福苑火灾相关项目，已通过中国和平统一促进会香港总会累计捐出资金共计 1500 万港币。

Hong Kong’s Largest Licensed Crypto Exchange HashKey Wins HKEX Listing Committee Approval, Paving the Way for a Potential $500 Million IPO

HashKey has cleared its Hong Kong listing hearing, moving a step closer to launching its IPO. The company can now prepare its prospectus and begin the process that leads to a public offering.

EU Authorities Shut Down Cryptomixer.io Seizing $29 Million in Bitcoin and Over 12 Terabytes of Evidence from Cybercrime Network

Authorities in Switzerland and Germany shut down Cryptomixer.io, a service used to launder Bitcoin, seizing servers, data, and over €25 million in crypto. The operation, supported by Europol, aims to stop criminal activity and provide evidence for further investigations.

Japan Launches DOGE‑Style Office to Cut Wasteful Subsidies and Tax Breaks

Japan set up a new office to review old tax breaks and subsidies as debt and public concern grow. Ministers agreed to check which schemes still work and plan changes for the 2027 budget.

South Korea Faces December Deadline to Deliver Unified Stablecoin Bill Amid Central Bank and FSC Dispute

South Korea’s government must submit a plan for a unified stablecoin framework by 10 December 2025, or lawmakers may push their own bill. Banks and regulators disagree over control, while private firms are already developing stablecoin projects amid the uncertainty.

Luxury Brand Valentino Faces Backlash Over AI-Generated DeVain Handbag Ad Criticised as “Cheap” and “Sloppy

Valentino faced criticism after releasing an AI-generated advert for its DeVain handbag, with many calling the visuals unsettling and poorly made. The backlash highlights concerns that using AI in luxury campaigns may reduce human creativity and the brand’s artistic appeal.

TikTok And LinkedIn Face Trouble In Ireland Over How They Handle Illegal Content

Ireland’s media regulator has opened investigations into TikTok and LinkedIn over possible breaches of EU rules on reporting illegal content. The probes focus on whether the platforms make it too hard for users to flag illegal material and meet the Digital Services Act requirements.