The Chinese central bank has effectively outlawed all digital currencies such as bitcoin as it declared this week that it would be illegal to be engaged in all cryptocurrency transactions. “Virtual currency-related business activities are illegal financial activities,” the People’s… Read More ›
Britain is likely to unveil plans to give temporary visas to truck drivers in order to ease a severe labour shortage, which has resulted in gasoline restrictions at certain filling stations and store warnings of considerable disruption in the run-up… Read More ›
Its whole 5.01 per cent interest in broadcaster Mango Excellent Media Co Ltd will be sold by an investment arm of the Chinese e-commerce giant Alibaba Group Holding Ltd, which has been targeted in a regulatory crackdown, according to the… Read More ›
In a statement U.S. Commerce Secretary Gina Raimondo said, if necessary the Biden Administration will take further action against China’s Huawei. Washington continues to see the Chinese tech company as a national security threat on a variety of grounds and… Read More ›
According to sources familiar with the matter at hand, countries from the European Union should do more to iron out burrs in their negotiating position vis-à-vis the COP26 climate change conference, following emergence of rifts over timeframes for emissions-cutting pledges…. Read More ›
According to a news bulletin from Sweden’s TV4, Stockholm is set to sign a defence cooperation agreement with Denmark and Norway in an effort to counter a deteriorating security situation in the Baltic region. Although Sweden is not a NATO… Read More ›
Following the collapse of the Greensill Capital, British finance minister Rishi Sunak has ordered two immediate reviews of the country’s financial regulation. On Friday, in a letter to a parliamentary committee Sunak said he had accepted its call for reform… Read More ›
According to the US Federal Reserve, the US economy is still growing, although at a slower pace due to the Delta version of Covid. The central bank stated that the labour market was strengthening and that the present high rates… Read More ›
BlackBerry Ltd reported its second quarter revenues which beat analysts’ estimate on the back of strong demand for its cybersecurity and Internet of Things software products. BlackBerry’s U.S.-listed shares rose by 9.1% to $10.43 in extended trading. Ahead of the… Read More ›
According to a report from Bloomberg citing sources familiar with the matter, Apple Inc will pay one-time bonus of up to $1,000 to store employees next month. Apple will pay $1,000 to retail staff hired before March 31, while those who… Read More ›
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