A survey conducted by JPMorgan found that only 10 per cent of the institutional investment firms who participated in the survey trade in cryptocurrencies and almost half them have described this emerging digital asset class as “rat poison” or have… Read More ›
Regulations & Legal
Apple Daily, Pro-Democracy Newspaper Of Hong Kong, To Shut Down Under Government Pressure
Within hours of the Hong Kong police arresting another of its employee for allegedly breaching the controversial national security law, the embattled Hong Kong based pro-democracy newspaper Apple Daily said that it will stop all its operations starting on Wednesday… Read More ›
Japan to tighten regulations on foreign ownership of domestic firms
On Wednesday, a report from Japan’s Yomiuri newspaper stated, the government is weighing options which include tightening regulation on foreign funds which have stakes in domestic firms in important technology sectors such as defense and the nuclear industry. With the… Read More ›
UNESCO Recommends Putting Great Barrier Reef On The ‘In Danger’ List
According to a recommendation from officials of the United Nations, it is imperative that the Great Barrier Reef needs to put on to a list of world heritage sites that are classified as to be “in danger”, while also prodding… Read More ›
Chinese Banks Directed To Stop Supporting Cryptocurrency By The Country’s Regulators
Chinese authorities have directed banks and payments platforms to not provide any more support to digital currency transactions as the country clamps down further on crypto currencies. This latest direction was preceded by an order on Friday for shutting down… Read More ›
Combined-Antibody Therapies Found Effective Against Covid-19 Variants, Says New Study
The Washington University School of Medicine in St. Louis reported on Monday that a cocktail of two types of antibodies used as a therapy for Covid-19 was found to be working well against a wide range of variants of the… Read More ›
Britain Starts Talks To Potentially Join The Trans-Pacific Trade Deal CPTPP
Negotiations for joining a trans-Pacific trade deal was started by Britain as it views the deal as crucial for its to end its dependence on the European Union in the post-Brexit era and shift towards markets that are geographically more… Read More ›
Australia drags China to WTO over economic coercions
In a statement, Australia’s Foreign Minister Marise Payne said, with Canberra dragging Beijing to the World Trade Organisation over the latter imposing anti-dumping duties on wine exports, bilateral negotiations is expected to commence. Last week, the Australian government filed a… Read More ›
Biden scheduled to meet financial regulators on Monday
U.S. President Joe Biden is scheduled to meet financial regulators on Monday for an update on the country’s financial systems and institutions, said press secretary Jen Psaki in a statement. “The meeting will cover regulatory priorities including climate-related financial risk and… Read More ›
UK Consumers Emerging From Lockdown Spend On Food Causing Dip In UK Retail Sales
According to official data form the United Kingdom, there was an unexpected drop in retail sales in the country in May as people came out of their homes after the lifting of lockdown restrictions and were seen spending money in… Read More ›