The US Senate failed to advance the Digital Asset Market Clarity Act, backed by President Donald Trump, after it received 50 votes in favour and 49 against—short of the 60 needed. Concerns over Trump’s crypto interests, stablecoin rewards and the impact on community banks blocked progress, sending bitcoin and crypto-related shares lower.

US Senatecryptocurrencydigital asset regulationDonald Trump

A landmark US cryptocurrency bill failed after senators divided over concerns about Donald Trump’s ethics. The defeat is a major setback for an industry that has spent record sums lobbying for a favourable market structure.

US SenateDonald Trumpcryptocurrencylegislation

A procedural vote on Tuesday to advance landmark digital-asset legislation failed spectacularly, leaving the cryptocurrency industry crushed and raising doubts about whether its biggest regulatory push is now dead.

cryptocurrencydigital assetsUS Senate

Crypto stocks broadly sold off after the U.S. Senate failed to advance the long-awaited market structure bill, with Coinbase, Circle and Galaxy leading the decline.

crypto stocksU.S. SenateClarity Act

The CLARITY Act failed to win the 60 votes needed to advance in the Senate after final bipartisan negotiations over ethics rules collapsed. Several Democrats who helped shape the bill opposed moving forward, saying restrictions on crypto interests held by Trump, his family and officials were too weak. The setback keeps the major crypto market-structure proposal off the Senate floor.

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The U.S. Senate voted Tuesday to stop the Clarity Act from moving forward, dealing a setback to the crypto industry’s effort to secure a comprehensive framework for market regulation.

U.S. SenateClarity Actcryptocurrency

Mark Carney says Canada will seek a “unique security and economic alliance” with Europe, presenting the country as a safe destination for investment in a “new global economic order.” As relations with the US have fractured, Ottawa is working to reduce its trade dependence by deepening economic and political ties with the EU, though talks remain at an early stage.

CanadaEuropean UnionMark Carneytrade dispute

Canadian Prime Minister Mark Carney is travelling to Europe amid a trade war with US President Donald Trump, pursuing a deeper relationship with the European Union that could give Canadians more freedom to work and study there.

CanadaEuropean Uniontrade wardiplomacy

Mark Carney is reportedly expected to use his European trip to pursue a new arrangement with the EU that could let Canadians live and work across the bloc without visa restrictions.

CanadaEuropean Uniondiplomacy

Canadian Prime Minister Mark Carney is visiting Strasbourg and Liverpool to pursue what he calls a “unique alliance” with the EU, seeking stronger trade, investment and security ties as relations with Washington deteriorate. Carney says Canada does not want EU membership, but Ottawa is exploring a deeper partnership, including visa-free living and work arrangements in Europe.

CanadaEuropean Uniontrade warMark Carney

Prime Minister Mark Carney is presenting Canada as a “safe harbour” for major investors amid geopolitical uncertainty and an intensifying trade war with the US. At a Toronto investment summit, he pledged to attract C$1tn over five years and announced plans to allow private investment in operations at four major airports, drawing criticism from labour unions.

Canadainvestment summitMark CarneyUS trade war

China’s industrial output grew faster in August, but weak consumption and a worsening investment slump intensified concerns about deepening imbalances in the economy.

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China’s investment downturn worsened in August, while retail sales growth slowed further. Industrial output exceeded forecasts by a wide margin as Beijing warned of an imbalance between supply and demand, adding to pressure on policymakers.

China economyretail salesinvestmentindustrial output

Nigerian billionaire Aliko Dangote has launched Africa’s biggest-ever share sale, listing 4.1 billion shares in his Lagos refinery. He called it a “people’s IPO” intended to give all Nigerians a chance to benefit from the plant’s wealth potential. Trading is expected to begin in November. Global oil prices also rose as Houthi attacks led Saudi Arabia to shut its East-West oil pipeline.

Dangote refineryIPONigeriaoil prices

Nigeria’s Dangote refinery is opening up to public ownership and plans to raise $1.6 billion from retail investors across the continent. President Felix Tshisekedi has called on the National Service to clean Kinshasa’s streets, while the Youth Olympic flame begins touring Senegal ahead of the Games.

Dangote refineryNigeriapublic ownership

Nigerian billionaire Aliko Dangote has launched Africa’s largest share sale, offering the public about 3% of his refinery in an IPO that could raise up to $2.1bn. He says the sale will let ordinary Nigerians share in the plant’s success, while experts warn that prices could fall and urge buyers to avoid investing money they need soon.

Dangote refineryshare saleNigeriaoil

Aliko Dangote plans to raise about $1.6 billion through an IPO of Dangote Industries to help fund a $14.3 billion expansion that would double the refinery’s capacity to 1.4 million barrels per day. The offer is pitched as a way for millions of Nigerians to own a stake, but affordability remains in question despite a 525-naira price per share and a 10-share minimum.

Dangote refineryIPONigeriaenergy

Aliko Dangote’s Nigerian refinery business has launched what is described as Africa’s biggest-ever IPO. If fully subscribed, Dangote could add $23bn to his $35bn fortune, while the refinery’s valuation is expected to reach about 65.22tn naira. The offering is aimed at institutional and retail investors, particularly young Nigerians.

IPODangote refineryNigeriaoil

Nigerian billionaire Aliko Dangote launched an initial public offering for his oil refinery on Monday, calling it Africa’s largest share sale to date. The IPO opens ownership of the plant to retail investors and raises funds for expansion.

NigeriaAliko Dangoteoil refineryIPO