February 7, 2026

South Korea’s Bithumb Accidentally Sends Over $40 Billion in Bitcoin, Bitcoin Price Dips 17%

Bithumb, a South Korean crypto exchange, mistakenly gave out huge amounts of Bitcoin—worth over $40 billion—instead of small cash rewards. Bitcoin prices fell sharply by 17% but soon bounced back. The exchange confirmed no hacking was involved.

February 7, 2026

Starbucks to Sell Majority Stake in China Amid Rising Competition and Price Wars

Starbucks is selling 60% of its China business to Boyu Capital as local brands and price wars shake up the market. Live streaming sales and discounts boost its presence while consumers favor cheaper local coffee chains.

February 7, 2026

Pakistan Proposes Rs200-675 Fixed Monthly Electricity Charges for 28.5m Households to Fund Industry Relief

Pakistan plans fixed monthly electricity charges between Rs200 and Rs675 for over 28.5 million homes to raise Rs125 billion and offer Rs4.04 per unit discount to industries. Nepra also approves a Rs1.21 per unit fuel cost increase for February bills.

February 7, 2026

Pakistan's Massive Borrowing Fails to Boost Economy, Private Sector Credit Shrinks

Pakistan borrowed Rs24 trillion and doubled revenues in two years, yet economic growth remains slow. Bank lending to the government left little credit for private businesses. Poverty and unemployment rise as GDP growth stalls near 3.7%. Officials hesitate to cut interest rates despite low inflation.

February 7, 2026

Tamil Nadu Boosts Textile Sector with New Subsidies and Policies

Tamil Nadu's new textile policy offers hefty subsidies for weaving, processing, and technical textiles. Sixteen textile bodies praised government support driving modernization and growth.