In a statement Valereum, a Blockchain company said, it would buy 90% of the Gibraltar Stock Exchange (GSX) to create the world’s first bourse where cryptoassets and shares and can be traded. Valereum, which is listed on London’s Aquis Exchange,… Read More ›
Economy & Finance
FCC announces $1.2 billion towards rural broadband in 32 states
In a significant development, that will see the replacement of Huawei telecom gear and equipment in rural United States, the Federal Communications Commission said, it will authorize more than $1.2 billion for rural broadband in 32 states.
Spying Concerns Prompt The US To Ban Chinese Telecom Giant China Unicom
The latest Chinese telecommunications behemoth to be barred from entering the United States due to “significant” national security and espionage worries is China Unicom. The Federal Communications Commission (FCC) announced that it had unanimously voted to terminate the company’s authorization… Read More ›
China’s Realme Entering Europe’s High-End Smartphone Market, To Launch New Handsets
Realme’s CEO has said that the company will enter the European market of high-end smartphones next month with its most expensive gadget yet, as part of a plan to grow apart from its budget offerings and sell 50 per cent more smartphones globally this… Read More ›
At Least $1.1 Mln NFTs Were Sold Lower Than Market Price Due To Marketplace Flaw
According to blockchain analytics firm Elliptic, a defect in the largest marketplace for non-fungible tokens (NFTs), OpenSea, allowing customers to purchase at least $1.1 million worth of NFTs for substantially less than market pricing. An NFT is a type of… Read More ›
Policies and trade tools will be overhauled to fight forced labor: USTR
In a statement U.S. Trade Representative’s office said it will conduct an inter-agency review of its trade tools and policies to fight forced labor in order to determine whether there are any gaps that need filling. The review, part of… Read More ›
US Qatar to discussion energy security on Jan 31
US President Joe Biden and Qatar’s ruling emir are set to hold negotiations at the White House on January 31, 2022 on a range of issues including global energy security, said the White House midst concerns about gas supplies to… Read More ›
Singapore, Indonesia sign extradition treaty, defense agreements
In a significant development, Singapore and Indonesia have signed a bilateral extradition agreement aimed at bringing to justice those who have been accused of stashing offshore billions of dollars in state money. The two countries also signed bilateral agreements covering… Read More ›
Cash strapped Shimao Group sells sake in Guangzhou Asian Games City to reduce debt
China’s Shimao Group, a property developer has joined smaller peer Agile Group to sell its stake in the Guangzhou complex to China Overseas Land & Investment, a state-owned partner in a move aimed at slashing its debt. Late on Monday, Shimao,… Read More ›
Zip Co Ltd in early talks to acquire rival Sezzle Inc for undisclosed amount
On Tuesday, in a statement Sezzle Inc said, it is in talks larger Australian rival Zip Co Ltd which aims to acquire it for an undisclosed amount. With the news reaching the market, shares of the buy-now-pay-later company soared by… Read More ›