A downturn in cryptocurrency prices and crash of one stablecoin has led some investors to try to recover their losses in U.S. court. Here is how cryptocurrency litigation has fared so far and the challenges investors may face. Who is Being Sued? Companies that created cryptocurrencies, exchanges that facilitated their sale, and individuals who promoted […]
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Officials from some G7 countries, including Germany and Britain, will push for temporary waivers on biofuels mandates to combat soaring food prices when leaders from the group of wealthy nations meet on Sunday, three people familiar with the matter told Reuters. The food crisis caused by the war in Ukraine has sparked a food versus […]
LincTex Digital, best known for developing its virtual try-on technology for fashion e-commerce, raised $100 million in a fund-raising round led by Hillhouse Capital and CDH Investments, according to the company’s official WeChat account. The money has been earmarked for international expansion and a further shift into the digital fashion realm, it said on Tuesday. […]
Australia’s competition regulator said on Thursday a court has ordered the local unit of Samsung Electronics to pay a penalty of A$14 million ($9.65 million) over misleading claims about a water-resistance feature in some of its smartphones. Samsung Australia admitted to misleading buyers of some of its ‘Galaxy’ phones about the water-resistance level, the Australian […]
Data is undoubtedly the central player in today’s business world. The different markets have reached a level of competitiveness that companies have been looking for the killer idea or even the best understanding of the market that will provide it with a competitive edge. Artificial intelligence (AI) has become an integral component in the operations […]
Meta, Alphabet unit Google, Twitter and Microsoft agreed on Thursday to take a tougher line against disinformation under an updated EU code of practice that could hit them with hefty fines if they fail to do so. More than 30 signatories including advertising bodies have committed to the updated Code of Practice on disinformation, the […]
The Financial Industry Regulatory Authority plans to increase its resources to understand and monitor cryptocurrencies as more of the Wall Street watchdog’s members trade digital assets, Chief Executive Officer Robert Cook said on Tuesday. “We are already having to be engaged in the space and we think that as a result it’s appropriate for us […]
The United Nations has placed the availability of clean and affordable energy among its priorities through sustainable development goal (SDG) 7. Nuclear energy is seen as one of the best alternatives to meeting this SDG. A report by the international atomic energy agency (IAEA) highlights the main attractive features of nuclear energy including low carbon […]
The Middle East has some of the most advanced and ambitious digital transformation initiatives in the world. It is recognized for leadership in smart cities, Internet of Things (IoT) and big data projects, yet infrastructure and connectivity models in the region still need to align to the demands of this transformation to power the accelerating […]
Sony on Thursday said it formed a new company that will build and supply devices that allow small satellites in orbit to communicate with one another via laser beams, dipping into the fast-growing space sector. Sony Space Communications Corp, registered on Wednesday, is meant to take advantage of laser technology to avoid a bottleneck of […]