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Bitcoin hit the $50,000 level for the first time in more than two years as the world's largest cryptocurrency was buoyed by expectations of interest rate cuts later this year and last month's regulatory nod for US exchange-traded funds designed to track its price. The Cryptocurrency has risen 16.3% so far this year, on Monday touching its highest since Dec. 27, 2021. At 12:56 p.m. EST (1756 GMT), bitcoin was up 4.96% on the day at $49,899, having oscillated around the $50,000 level . "$50,000 is a significant milestone for bitcoin after the launch of spot ETFs last month not only failed to elicit a move above this key psychological level but led to a 20% sell-off," said Antoni Trenchev, co-founder of crypto lending platform Nexo. Crypto stocks also enjoyed a boost on Monday, with crypto exchange Coinbase up 4.9% and crypto miners Riot Platforms and Marathon Digital up 10.8% and 11.9%, respectively. Shares of software firm MicroStrategy --...

An earthquake struck Morocco late Friday and killed more than 1,000 people The earthquake that struck Morocco late Friday has killed more than 1,000 people. Here’s a look at the deadliest earthquakes over the past 25 years: ___ — Sept. 8, 2023: In Morocco, a magnitude 6.8 temblor kills more than 1,000 people. — Feb. 6, 2023: In Turkey and Syria, a magnitude 7.8 earthquake kills more than 21,600 people. — April 25, 2015: In Nepal, more than 8,800 people are killed by a magnitude 7.8 earthquake. — March 11, 2011: A magnitude 9.0 quake off the northeast coast of Japan triggers a tsunami, killing more than 18,400 people. — Jan. 12, 2010: In Haiti, over 100,000 people are killed by a magnitude 7.0 quake. The government estimated a staggering 316,000 dead, but the scale of the destruction made an accurate count impossible. — May 12, 2008: A magnitude 7.9 quake strikes eastern Sichuan in China, resulting in over 87,500 deaths. — May 27, 2006: More than 5,700 people die when a magnitude 6.3...

Syria is calling on Arab countries to invest in the war-torn nation, now again a member of the Arab League DAMASCUS, Syria -- Syria on Monday called on Arab countries to invest in the war-torn nation, now again a member of the Arab League. The appeal from Syria's economy and trade minister came during an economic conference in Saudi Arabia ahead of a league summit in the kingdom. The 22-member Arab League agreed earlier this month to reinstate Syria, ending a 12-year suspension and taking another step toward bringing Syrian President Bashar Assad, a long-time regional pariah, back into the fold. However, crippling Western sanctions against Assad’s government remain in place and could prevent oil-rich Arab countries from rushing to invest in Syria — or lead to a quick release of reconstruction funds in the war-battered country . “We invite you to participate in invest ing in Syria, where there are important opportunities and promising horizons,” said the Syrian minister, Mohammed...