The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day. Florida counted 9,585 new casesRead More →
Russia’s decision to lift its two-year Telegram ban is going to mark the beginning of a broader movement to protect privacy-focused apps like Telegram, the company’s CEO says. Pavel Durov, founder and CEO of Telegram, issued a statement in response to Russian authorities officially terminating the ban on the messagingRead More →
Cryptocurrency exchanges have an important role in driving adoption around the world, but even the biggest operations face significant challenges when trying to expand their services. The advent of Bitcoin (BTC) and the subsequent development and launch of numerous other cryptocurrencies have changed the way people look at transacting acrossRead More →
Eight new members have joined Hyperledger, including several firms targeting tokenization initiatives. Hyperledger is a consortium of firms working on open-source enterprise solutions using distributed ledger technologies (DLT). Launched in December 2015 by the Linux Foundation, the project has since received contributions from IBM, Intel, and other leading tech firmsRead More →
Vanguard, the world’s second-largest index fund manager, has announced the successful completion of the first phase of its blockchain pilot trialing the digitization of asset-backed securities (ABS). The pilot has seen Vanguard partner with a large U.S.-based ABS provider, distributed ledger technology provider Symbiont, and financial institutions BNY Mellon andRead More →
© Reuters. By Gina Lee Investing.com – Asian stocks were mixed on Friday morning, with a months-long rally starting to fizzle out. “We had stocks make a miraculous recovery from their March 23 lows and so it makes sense that we’re unlikely to see the rally continue at the paceRead More →
© Reuters. FILE PHOTO: A man walks past an electronic board showing stock prices outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Global shares and oil prices extended their rebound on Tuesday on mounting speculation policymakers around the world would move to ease the economic fallout fromRead More →
Calm down. That was the message from the World Health Organization’s director general, Dr. Tedros Adhanom Ghebreyesus on Sunday to global financial markets. Equity markets world-wide have lost $7 trillion since Feb. 19, as investors and analysts have grown increasingly alarmed over potential economic damage from the fast-growing coronavirus. “WeRead More →
By Stephanie Nebehay and Ryan Woo GENEVA/BEIJING (Reuters) – Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession. Share prices were on track for the worstRead More →
© Reuters. Treasuries Lead Global Bond Rally With Rate-Cut Bets Mounting (Bloomberg) — Treasuries gained for a sixth day, leading a bond rally from Australia to Japan as investors increasingly bet on central banks easing to cope with the global impact of the coronavirus outbreak. Yields on Treasuries sank fourRead More →
Asian markets declined in early trading Wednesday following another sharp selloff on Wall Street as the global spread of the coronavirus outbreak continued to rattle traders. Japan’s Nikkei NIK, -0.79% sank 0.7%, and Hong Kong’s Hang Seng Index HSI, -0.82% dipped 0.5%. The Shanghai Composite SHCOMP, -0.82% Read More →
By Jan Strupczewski RIYADH (Reuters) – Failure to reach a global deal on where and how much to tax digital giants like Google (O:), Amazon (O:) or Facebook (O:) would result in many digital tax regimes emerging all over the world, France’s Finance Minister said on Sunday. Speaking to ReutersRead More →
U.S. stocks were mostly down, but off session lows, late Tuesday after Apple Inc. said that the viral outbreak in China would hurt its second-quarter results, reigniting fears that the disease may disrupt manufacturing supply chains and have broad implications for the global economy and financial markets. How are theRead More →
© Reuters. European Commissioner for the Internal Market Breton gestures as he communicates on the EU’s 5G plan in Brussels By Michel Rose PARIS (Reuters) – Europe may have lost the battle to create digital champions capable of taking on U.S. and Chinese companies harvesting personal data, but it canRead More →
© Reuters. An airport worker guides a Delta Air Lines Airus A319 plane on the tarmac at LAX in Los Angeles By Tracy Rucinski CHICAGO (Reuters) – Delta Air Lines Inc (NYSE:) said on Friday it will invest $1 billion over the next decade in initiatives that would limit theRead More →
© Reuters. Worker is seen inside a convenience store following an outbreak of the novel coronavirus in Wuhan By David Kirton and Stephanie Nebehay GUANGZHOU, China/GENEVA (Reuters) – Coronavirus infections in China may be over by April, its senior medical adviser said on Tuesday, but the death toll passed 1,000Read More →
Climate change is making extreme weather worse and, right now, Americans are paying the price. Over the past two years, wildfires in California, floods along the Mississippi River and hurricanes in the Southeastern United States have caused tens of billions of dollars in damage. In 2018, weather-related catastrophes prompted $215Read More →
‘Probably, the cat’s already out of the bag.’ Eric Toner, M.D. Scientist and scholar Eric Toner, quoted above in an excerpt from a Friday interview with the business-news channel CNBC, explained that China’s efforts to contain the current outbreak of a fast-moving upper-respiratory illness are “unlikely to be effective.” TheRead More →
By Tomo Uetake TOKYO (Reuters) – Stocks made a barely positive start in early Asian trade on Friday after the world’s health body called it a little too early to declare a coronavirus outbreak a global emergency. But worries over rapid spread of the deadly virus kept investors on guardRead More →
Asian markets gained in early trading Tuesday as Middle East tensions remained high, but at least didn’t rise any higher. U.S. Defense Secretary Mark Esper on Monday said U.S. troops are not planning on pulling out of Iraq, despite the release of a draft letter than suggested as much, andRead More →
Meat has earned a bad reputation as an environmentally damaging food, in part because beef production is known to emit 20 times more greenhouse gases than bean production for the same protein benefit. But is meat getting too much of the blame? A Japan-based study, widely regarded as reflective ofRead More →
© Reuters. Head of global markets resigns at First Abu Dhabi Bank – sources DUBAI (Reuters) – The head of global markets at First Abu Dhabi Bank (FAB) has resigned, two sources familiar with the matter told Reuters on Monday. Mahmood Al Aradi is leaving the United Arab Emirates’ largestRead More →
Facebook Inc. FB, +0.12% and Twitter Inc. TWTR, +0.31% have taken down a global network of fake accounts used in a coordinated campaign to push pro-Trump political messages, including some that used artificial intelligence tools to try to mask the behavior, the companies and outside research firms they worked withRead More →
Disney really iced out the box office competition this year. Now that “Frozen 2” has earned $1.032 billion worldwide, the House of Mouse’s global box office total has cross the $10 billion mark, making it the first movie studio to ever do that in a single year. That breaks itsRead More →
SAO PAULO (Reuters) – Brazilian food processor Marfrig Global Foods SA on Monday will launch a global brand of plant-based meat products, according to a statement sent to Reuters on Sunday. A gourmet hamburger to be served in Brazilian restaurants will be the first product rolled out under the brandRead More →
