The festival, which runs from Dec. 10 to 11 and is free to all visitors, aims to increase public trust in the fintech industry toward better, sustainable economic growth.

Deep in the Abu Dhabi desert, a vast AI campus a quarter the size of Paris is starting to emerge, the oil-rich UAE's boldest bet yet on technology it hopes will help transform its economy.

Elon Musk's social media company X was fined 120 million euros (US$140 million) by EU tech regulators on Friday for breaching online content rules, the first sanction under landmark legislation that once again drew criticism from the US government.

The proposal, passed earlier by the lower house, will raise or impose new duties of up to 50 percent from 2026 on certain goods.

Greer declined to discuss the state of the trade talks with Indonesia, saying they were subject to a confidentiality agreement, but underscoring Washington's interest in finalizing the trade deal.

Paramount Skydance on Monday launched a hostile bid worth US$108.4 billion for Warner Bros Discovery in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming giant.

While the move had been priced in for several weeks, investors were cheered by the fact that bank boss Jerome Powell was "less hawkish" in his post-meeting remarks.

The strategy, called Libra Hybrid, is targeting $500 million in total commitments and drew capital from global institutions including sovereign wealth funds and Granite Asia's partners, Granite Asia said in a statement.

Asian stocks fell and the dollar was steady on Tuesday as investors braced for a cut in US interest rates later this week while the yen was calm after a powerful earthquake rocked Japan's northeast region though the impact was limited.