U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and […]
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The Biden administration’s Inflation Reduction Act to promote climate-friendly technologies is attracting German companies to the United States, a survey of the German Chamber of Commerce and Industry DIHK released on Wednesday showed. According to the DIHK survey among 2,400 companies from all sectors, one in 10 German companies is already planning to relocate production […]
South Korean President Yoon Suk-yeol said on Wednesday that trilateral cooperation with the United States and Japan has become more important than ever to overcoming North Korea’s growing nuclear threats and other crises. Yoon spoke at an event commemorating the country’s historic March First independence movement against Japan’s 1910-1945 occupation of Korea. “Japan has transformed […]
A push by Group of 20 (G20) president India to regulate cryptocurrencies gained support from both the International Monetary Fund and the United States on Saturday as finance chiefs of the bloc wrap up two-days of talks. India has said it wants a collective global effort to deal with problems posed by cryptocurrencies such as […]
HP Inc on Tuesday forecast second-quarter adjusted profit above estimates and maintained its full-year earnings target, expecting to benefit from cost cuts and a recovery in demand in the China market. Lifting of lockdowns in China, a key market as well a dominant supplier of electronics components, is supporting the outlook at hardware suppliers such […]
The fallout from Canada’s ban on Chinese-owned TikTok on government-issued devices looks set to hurt the leaders of the country’s two main opposition parties, who have used the app more actively than the ruling Liberals to win over supporters. The leaders of the two biggest opposition parties – Conservative party leader Pierre Poilievre and New […]
The Biden administration approved more than $23 billion worth of licenses for companies to ship U.S. goods and technology to blacklisted Chinese companies in the first quarter of 2022, a Republican lawmaker said on Tuesday. The data comes amid growing pressure on the administration of Democratic President Joe Biden to further expand a broad crackdown […]
The head of European planemaker Airbus criticized the U.S. Inflation Reduction Act on Tuesday, saying the law could make it more difficult for the European Union to accelerate its own decarbonization efforts. Airbus Chief Executive Guillaume Faury said the law, which boosts U.S. investment in renewable energy products, “is destabilizing the level playing field” between […]
UAE Telco du hoped that digital fasting would help to instill self-reflection during Ramadan. Not too long ago, one of the highest profile companies in the United Arab Emirates conducted an experiment during Ramadan. The company was Emirates Integrated Telecommunications Company (EITC) and the experiment was for telco du to create a ‘technology fast’ within […]
Robinhood Markets Inc said in a filing on Monday it had received an investigative subpoena in December from the U.S. Securities and Exchange Commission related to listings of cryptocurrencies. The collapse of Sam Bankman-Fried’s FTX was the biggest in a string of major crypto-related failures in 2022, which sparked a cryptocurrency rout and left creditors […]