The U.S. securities regulator on Wednesday rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world’s biggest digital asset managers, on the NYSE Arca exchange. Grayscale responded with a legal challenge to the decision, the latest in a series of rejections of proposals for U.S. listings of spot […]
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The COVID-19 pandemic altered the dynamic on a global scale, hitting all sectors and industries, be it public or private sectors. The overtake of the pandemic entered the world in a digital revolution no one had forecasted. Digital transformation directed the societies and industries towards a hasty adaptation of the new norm, altering every dynamic […]
It is obvious that the crypto market is having a hard time, to say the least. A plethora of terrible circumstances, triggers, and occurrences culminated in the perfect storm that shook the entire crypto market to its core, and we now find ourselves in a massive crypto bear market. However, while the losses have been staggeringly high, […]
Bahrain is in advanced talks for investment deals with cloud computing companies from the United States, China and the United Arab Emirates, an Economic Development Board executive said, as the country seeks to diversify its oil-based economy. Cloud computing and foreign direct investment are key planks of Bahrain’s economic recovery programme that aims to grow […]
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 […]
Roche remains sceptical about investing more in antibody-drug conjugates (ADCs), which have been described as “guided-missile” cancer drugs, even as they attract heightened attention in the pharmaceutical industry. “There are quite a few companies that invest in this area. As for us, we still have rather limited interest,” Chief Executive Severin Schwan told journalists at […]
A Swedish appeals court on Wednesday upheld a ruling by a lower court that banned Huawei from selling 5G equipment in the country, in the latest setback to the Chinese telecoms company’s hopes of staging a comeback. In 2020, Swedish telecom regulator PTS unexpectedly banned Huawei from supplying 5G equipment to Swedish mobile firms citing […]
Swedish telecom equipment maker Ericsson said on Tuesday it expects global 5G mobile subscriptions to surpass 1 billion in 2022, helped by higher adoption in China and North America. A weaker global economy and the uncertainties caused by Russia’s invasion of Ukraine lowered its estimate for 2022 by around 100 million, the company said in […]
South Korea’s LG Chem Ltd said on Monday it planned to build a hydrogen plant in South Korea to produce 50,000 tonnes of hydrogen annually by the second quarter of 2024, in a bid to reduce carbon emissions. The new plant is expected to employ technology, which converts methane to hydrogen by creating a chemical […]
Bitcoin on Sunday rose around 7.6 percent to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday. Bitcoin, the world’s biggest and best-known cryptocurrency, is now up 16.7 percent from this year’s low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the crypto […]