El Salvador, the first country to declare bitcoin (BTC) as legal currency last year, has resumed its bitcoin buying frenzy by purchasing another 500 tokens for $15.3 million, according to a Tweet by Nayib Bukele. El Salvador paid an average of $30,744 for each bitcoin, Bukele said, seizing the opportunity to buy the bitcoin price dip. El […]
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European shares hit two-month lows on Monday, led by miners as investors fretted over a sharp economic slowdown in China due to prolonged COVID-19 curbs, while surging bond yields kept technology stocks under pressure. The pan-European STOXX 600 index dropped 1.2 percent to touch its lowest since March 10. Miners fell 2.8 percent as Chinese […]
Omantel (formerly known as General Telecommunications Organization) is the first telecom company in Oman founded in the 1990s and offering a wide range of services including fixed telephony, fixed and mobile broadband, and mobile voice and data services. The last few years were not all rosy for the leading Omani operators. One of the first […]
Chinese smartphone maker Xiaomi Corp has alleged its top executives faced threats of “physical violence” and coercion during questioning by India’s financial crime fighting agency, according to a court filing seen by Reuters. Officials from the Enforcement Directorate warned the company’s former India managing director, Manu Kumar Jain, current Chief Financial Officer Sameer B.S. Rao, […]
The seminal Bitcoin paper written by the elusive Satoshi Nakamoto has introduced a novel technical concept whose usefulness goes well beyond cryptocurrencies, blockchain. Blockchain is basically a shared distributed ledger, and each user of the associated network has a full copy of it. Once a transaction is made, it is first validated to make sure it is […]
Elon Musk’s decision to accept some foreign investors as part of his $44 billion buyout of Twitter Inc runs the risk of inviting the kind of regulatory scrutiny over U.S. national security that social media peer TikTok faced, legal experts say. Musk disclosed on Thursday that Saudi Arabia’s Prince Alwaleed bin Talal, Qatar’s sovereign wealth […]
The third long-duration astronaut team launched by SpaceX to the International Space Station (ISS) safely returned to Earth early on Friday, splashing down in the Gulf of Mexico off Florida to end months of orbital research ranging from space-grown chilies to robots. The SpaceX Crew Dragon capsule dubbed Endurance, carrying three U.S. NASA astronauts and […]
A massive two-day swing in U.S. stocks highlights a trend that some market participants believe will be a hallmark for months to come: intense volatility. The S&P 500 index dropped 3.6 percent on Thursday, a day after racing 3.0 percent higher on the Federal Reserve’s monetary policy statement. Over the last five sessions, the index […]
An Indian court has put on hold a federal enforcement agency’s decision to seize $725 million from local bank accounts of China’s Xiaomi Corp for suspected violations of foreign exchange laws, two sources told Reuters on Friday. The Enforcement Directorate last week seized the bank assets of Xiaomi Technology India Private Limited, saying it had […]
Meta Platforms Inc’s chief executive, Mark Zuckerberg, on Wednesday teased a new smart glasses project with EssilorLuxottica, posting a photo of the eyewear company’s chairman sporting a prototype of a neural interface wristband – designed for directing other devices. “Here Leonardo is using a prototype of our neural interface EMG [electromyography] wristband that will eventually […]