
Rich Nations Courted by Zimbabwe Non-Committal on $2.6 Billion Bridge Finance
Zimbabwe hasn't received any concrete commitments of financial support from 10 nations it appealed to for help in its long-standing efforts to clear debt arrears.
'Some of them are very warm, some of them not so warm,' Finance Minister Mthuli Ncube said Friday in an interview in Abidjan, the commercial capital of Ivory Coast, where he is attending the annual meetings of the African Development Bank. 'You will get a varied response.'
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Gizmodo
2 hours ago
- Gizmodo
The Trump Family Is Quietly Building a Crypto Empire
Just a few years ago, Donald Trump called crypto a 'scam' and 'dangerous.' Today, from the Oval Office, he champions it as the future of finance. This dramatic pivot is backed by a rapidly growing ecosystem of cryptocurrency ventures tied directly to the Trump family, creating an unprecedented network of potential conflicts of interest. While the President promotes crypto-friendly policies, his family and associated businesses are launching tokens, mining operations, and financial platforms that stand to benefit directly from those policies. Here's a look inside the Trump crypto empire. The Stablecoin: World Liberty Financial ($USD1) The crown jewel of the operation appears to be World Liberty Financial (WLFI), a crypto firm that launched in September 2024. While the President was listed as 'co-founder emeritus,' until he took office, his sons—Donald Jr., Eric, and Barron—are all active co-founders. The company's stablecoin, USD1, is a digital token pegged to the U.S. dollar, which has already amassed a market value of $2.2 billion, according to data firm What's a Stablecoin? It's a type of cryptocurrency designed to hold a steady value. For every USD1 token issued, there's supposed to be one U.S. dollar held in reserve, making it a stable digital asset for payments and trading. The venture is already wildly profitable. President Trump earned $57.4 million last year from his ownership of tokens tied to the project, according to his June 2025 Office of Government Ethics (OGE) disclosure. The timing is also impeccable: the Senate just passed the 'Genius Act,' a bill that opens the door for widespread adoption of stablecoins, which could send the value of platforms like WLFI into the stratosphere. Adding to its legitimacy, USD1 is already being used as a payment method for the UAE's sovereign wealth fund, MGX. According to Democratic lawmakers and critics, USD1 may be a way to curry favor with the Trump family and the president in particular. 'If Congress passes this bill, USD1 won't just be a coercive tool to pay off a corrupt President,' Senator Elizabeth Warren, a Democrat of Massachusetts, said last month. 'It will be a financial instrument blessed by the United States Government. And this bill provides even more opportunities to reward buyers of Trump's coins with favors like tariff exemptions, pardons, and government appointments.' The Memecoins: $TRUMP and $MELANIA In January, entities linked to the Trump Organization launched $TRUMP, a 'memecoin' on the popular Solana blockchain. Unlike stablecoins, memecoins have no intrinsic value and thrive on internet hype. The launch was a massive success, netting the Trump-linked companies over $350 million in transaction fees so far, according to research firm Chainalysis, with the token's market cap hitting $1.8 billion as of time of writing. Not to be outdone, MKT World LLC, a company associated with First Lady Melania Trump, according to the June 2025 Office of Government Ethics (OGE) disclosure, launched $MELANIA just days later. While its purpose is vague—tied to 'appearance and speaking engagements and the sale of NFTs'—it has a market value of $128.3 million as of time of writing. The Mining Operation: American Bitcoin Corp In March, Eric Trump teamed up with crypto mining firm Hut 8 to launch American Bitcoin Corp, which aims to be a major player in Bitcoin mining and accumulation. What is Bitcoin Mining? It's the process by which new bitcoins are created. Powerful computers solve complex mathematical problems, and in return for their work, they are rewarded with Bitcoin. It's an energy-intensive but potentially lucrative business. American Bitcoin Corp, where Eric Trump serves as chief strategy officer, went public in May and already holds about $22 million worth of Bitcoin, with plans to acquire more. The Next Frontier: ETFs and NFTs The empire's reach continues to expand. The first venture began quietly, with a Trump-linked entity licensing his likeness for NFTs (non-fungible tokens, or unique digital collectibles), which earned the President over $1.1 million in 2024 alone, according to the June 2025 Office of Government Ethics (OGE) disclosure, More recently, Trump Media & Technology filed to launch a combined Bitcoin and Ether ETF, a type of investment fund that would allow mainstream investors to easily buy into crypto. A Web of Conflicts This sprawling crypto ecosystem, from stablecoins and memecoins to mining and investment funds, is deeply intertwined with Trump's presidency. His political shift from crypto skeptic to crypto evangelist aligns perfectly with his family's growing financial interests. With his campaign now accepting crypto donations, this network could double as a fundraising machine and a post-presidency payoff. Whether it's driven by ideology, opportunism, or both, the Trump crypto empire is raising serious ethical questions. As the President pushes policies that could enrich his family's ventures, the line between governing and personal profit has never been more blurred.


Bloomberg
3 hours ago
- Bloomberg
Ivory Coast's Ouattara Delays Decision on Fourth Term Bid
Ivory Coast President Alassane Ouattara surprised delegates as he shelved his decision to accept the party's nomination as the presidential candidate for October elections to a later date. 'Concerning my candidacy for the presidential election, I will give an answer in some few days after a thorough reflection,' Ouattara said at the end of a two-day party congress in Abidjan, the commercial hub on Sunday.
Yahoo
5 hours ago
- Yahoo
Delta Air Lines (NYSE:DAL) Is Paying Out A Larger Dividend Than Last Year
The board of Delta Air Lines, Inc. (NYSE:DAL) has announced that it will be increasing its dividend by 25% on the 21st of August to $0.1875, up from last year's comparable payment of $0.15. This takes the annual payment to 1.3% of the current stock price, which unfortunately is below what the industry is paying. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If it is predictable over a long period, even low dividend yields can be attractive. However, Delta Air Lines' earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. Over the next year, EPS is forecast to expand by 30.7%. If the dividend continues on this path, the payout ratio could be 8.5% by next year, which we think can be pretty sustainable going forward. See our latest analysis for Delta Air Lines Although the company has a long dividend history, it has been cut at least once in the last 10 years. The annual payment during the last 10 years was $0.36 in 2015, and the most recent fiscal year payment was $0.60. This implies that the company grew its distributions at a yearly rate of about 5.2% over that duration. We like to see dividends have grown at a reasonable rate, but with at least one substantial cut in the payments, we're not certain this dividend stock would be ideal for someone intending to live on the income. Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. Delta Air Lines hasn't seen much change in its earnings per share over the last five years. While growth may be thin on the ground, Delta Air Lines could always pay out a higher proportion of earnings to increase shareholder returns. Overall, this is a reasonable dividend, and it being raised is an added bonus. While the payout ratios are a good sign, we are less enthusiastic about the company's dividend record. The dividend looks okay, but there have been some issues in the past, so we would be a little bit cautious. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For example, we've picked out 2 warning signs for Delta Air Lines that investors should know about before committing capital to this stock. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.