News

From Baristas to Inspectors: Singapore's Robot Workforce Plugs Labour Gaps

After struggling to find staff during the pandemic, businesses in Singapore have increasingly turned to deploying robots to help carry out a range of tasks, from surveying construction sites to scanning library bookshelves. The city-state relies on foreign workers, but their number fell by 235,700 between December 2019 and September 2021, according to the manpower […]

Binance Registers with Italy's Regulator Amid Plans to Expand in Europe

Binance said on Friday its legal entity in Italy had registered with the regulator in the country, as the major cryptocurrency exchange seeks to gain traction in Europe. The registration of Binance Italy, which was established in recent months, could potentially make the company more accountable and reduce the prospects for money laundering. Binance said […]

Russia Mulls Allowing Cryptocurrency for International Payments - Ifax

Russia is considering allowing cryptocurrency to be used for international payments, Interfax news agency quoted a government official as saying on Friday. “The idea of using digital currencies in transactions for international settlements is being actively discussed,” Ivan Chebeskov, head of the finance ministry’s financial policy department, was quoted as saying. Russian officials are wrestling […]

Russia Opens Cases Against Google, Other Foreign Tech Over Data Storage

Russia’s communications regulator Roskomnadzor said on Friday it had opened administrative cases against Alphabet Inc’s Google and six other foreign technology companies for alleged violations of personal data legislation. Moscow has clashed with Big Tech over content, censorship, data and local representation in a simmering dispute that has erupted into a full-on information battle since […]

China Pig Breeders go High-Tech in Self-Sufficiency Push

Tiny slivers of ear tissue snipped from hours-old piglets offer valuable clues for the team at Best Genetics Group (BGG) as it strives to improve the genetics of China’s hog herd to produce cheaper meat for the world’s top pork consumer. Breeding pigs that have larger litters, reach slaughter weight quicker and require less feed […]

Factbox-How is Elon Musk Funding his $44 Billion Offer to Buy Twitter

Elon Musk has won the backing of some of the world’s wealthiest investors for his $44 billion takeover of Twitter Inc (TWTR.N). From Oracle Corp’s (ORCL.N) co-founder Larry Ellison, a self-proclaimed close friend of Musk, to Saudi Arabian investor Prince Alwaleed bin Talal, who had earlier rejected the takeover bid, a bunch of investors had thrown their weight […]

Chinese Tech Firms Forced into 'Blood Listings' as Capital Dries Up

A growing number of Chinese tech start-ups, once the darlings of equity markets, are willing to list shares publicly in China at valuations lower than during private funding rounds in so-called blood listings. Unlike tech sector woes elsewhere, triggered mainly by rising interest rates, the misery in China comes from frothy tech markets and disruptions […]

Google Web3 Team Assembled Amid Crypto Craze by Google's Cloud Division

Google’s cloud division announced the launch of an internal team tasked with building services for blockchain and Decentralized Application (DAO) developers. The decision to create Google Web3 solutions comes at a time of increased interest, activity, and use of crypto, blockchain, and Web3 tools. Amit Zavery, Vice President of Web3 Infrastructure at Google Cloud, allegedly […]