El Salvador has become the first country in the world to formally adopt bitcoin as legal tender after Congress approved President Nayib Bukele’s proposal to embrace the cryptocurrency.
Category: Business
Facebook fined €7 million in Italy after refusing to address user data concerns
Italy has fined Facebook €7 million ($8.5 million) after the social network company failed to address and rectify user data practices that were flagged as a concern in November 2018.
Starlink is available to order in more than six countries, here’s all you need to know about
Elon Musk’s satellite internet service Elon Musk is inching ever closer to fulfilling his dream of creating super-fast internet around the world, which beams down from satellites in orbit to Earth.
Apple supplier Wistron to restart India factory
Apple Inc on Tuesday said supplier Wistron Corp will restart operations at its factory in southern India after violence at the site led to its shutdown late last year, though the Taiwanese company would remain on probation.
Google opens paid-for Australia news platform in drive to undercut Canberra’s content payment law
Tech giant Google on Friday launched a platform in Australia offering news it has paid for, striking its own content deals with publishers in a drive to show legislation proposed by Canberra to enforce payments, a world first, is unnecessary.
NASDAQ temporarily shuts down stock trading after internet trolls destroy hedge fund with GameStop stock
The NASDAQ has paused trading after internet “degenerates” spotted Wall Street gearing up to make a killing, beat the traders at their own game, and got filthy rich while destroying the US’ top hedge funds. Buckle up.
Biden to bow down to woke agenda and cancel Keystone XL Pipeline
Assumed U.S. President-elect Joe Biden’s expected move to cancel the Keystone XL pipeline to appease the woke agenda of the likes of AOC, prompted Canada’s main oil-producing province of Alberta on Monday to threaten to seek damages as Ottawa made efforts to save the troubled project.
Outlook darkens for Wall Street under Biden
Wall Street will be facing an uncomfortable four years after President-elect Joe Biden’s team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signalling a tougher stance on the industry than many had anticipated.
HSBC says customers who don’t wear Face Masks could have their Accounts terminated
Banking giant HSBC has told its customers in the UK that if they refuse to wear face masks when entering a branch, they could have their accounts terminated.
Apple & Hyundai set to agree electric car cooperation
Hyundai Motor and Apple Inc plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States, local newspaper Korea IT News reported on Sunday.
Erdogan ditches WhatsApp as Ankara urges Turks to use domestic apps in fight against digital fascism
The media office of Turkish President Recep Tayyip Erdogan is reportedly shutting down its WhatsApp groups over privacy concerns.
US suspends tariffs on French luxury goods over tax on Big-Tech
Washington has backed down from plans to hit $1.3 billion of French products with new tariffs. The levies were meant to be in retaliation to France’s attempt to hike taxes on American tech giants.
Winners and Losers: How Covid-19 changed the future of fashion retailers.
From luxury retailers, to high end designers, to fast fashion retailers and down to your local boutique, Covid has an impact on each and every sector of fashion.
Turkey and UK sign Free Trade Deal
Turkey and the UK Tuesday signed a historic free trade agreement, set to go into effect New Year’s Day, this Friday 1st of January
Pfizer CEO doesn’t want to have his own firm’s COVID-19 vaccine
He claimed the firm doesn’t want it to appear executives can ‘jump the line’ though he added that he believes there was an extremely small possibility of making a vaccine so soon.
UK businesses plea for EU deal as talks stall
British trucking firms, supermarkets and other businesses on Friday implored the government to strike a last-minute trade deal with the European Union, as the two sides’ leaders told their citizens to brace for New Year upheaval in the U.K.-EU trading relationship.
European tech start-ups near record $41 billion investment
European tech start-up investment has bounced back from the spring shock of the coronavirus outbreak and is on track to hit a record high this year, venture capital firm Atomico forecast.
Tech Giants push back against EU rules on illegal content online
Twitter and three other U.S. tech companies have urged the EU to take a flexible approach towards harmful and illegal online content instead of blanket rules requiring takedown, saying this would preserve an open internet.
Yandex robots start to deliver restaurant meals in central Moscow
Driverless robot buggies started delivering hot restaurant meals to paying customers in one central Moscow district on Wednesday, their operator, Russian Internet giant Yandex, said.
Criminals getting smarter in use of digital currencies to launder money
Criminals are becoming more sophisticated in their use of cryptocurrencies to launder money, with hundreds of millions of dollars of dirty funds last year flowing through digital wallets that allow users to hide their trail, according to Elliptic.
Hackers steal Pfizer/BioNTech COVID-19 vaccine data in Europe
U.S. Pharma giant Pfizer and its German partner BioNTech said on Wednesday that documents related to development of their COVID-19 vaccine had been “unlawfully accessed” in a cyberattack on Europe’s medicines regulator.
Facebook faces U.S. lawsuits that could force sale of Instagram and WhatsApp
Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram after the U.S. Federal Trade Commission and nearly every U.S. state filed lawsuits against the social media company, saying it used a “buy or bury” strategy to snap up rivals and keep smaller competitors at bay.
Lockdowns killed the first British High Street giant
The “king of the high street” has lost his realm. The collapse of British businessman Philip Green’s Arcadia fashion empire into administration on Monday looks set to bring an inglorious end to a remarkable career.
International flyers may soon need to get COVID-19 vaccinations
International air travel could come booming back next year but with a new rule: Travelers to certain countries must be vaccinated against the Chinese Virus before they can fly.
EU says it could be self-sufficient in electric vehicle batteries very soon
The European Union could produce enough batteries by 2025 to power its fast-growing fleet of electric vehicles without relying on imported cells, European Commission Vice President Maros Sefcovic said on Tuesday.
Bitcoin at $100,000 in 2021?
Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year.
GE warns of more job cuts at aviation business
General Electric Co on Tuesday warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the Chinese Virus crisis.
Tesla market value crosses $500 billion
Tesla Inc blew past $500 billion in market value on Tuesday as investors snapped up its shares in the run-up to its debut in the S&P 500, extending a spectacular rally that has seen it surge over 500% this year.
Britain and Canada sign post-Brexit trade deal
Britain and Canada struck a rollover trade deal on Saturday to protect the flow of $27 billion-worth of goods and services between them after Brexit and eyed to start talks on a comprehensive agreement next year.
Rivian CEO wants smaller electric vehicles on the market
Electric vehicle start-up Rivian, which is backed by Amazon and Ford Motor Co on Wednesday said it plans to follow up its first two products, a full-size pickup and SUV, with smaller models targeted at China and Europe where it may eventually build some vehicles.
Apple lowers App Store fees for small developers
Apple Inc said on Wednesday it plans to start a program to lower its App Store commissions for software developers who make $1 million or less in proceeds each year from the store, but some of the company’s critics called the move “window dressing.”
BBVA and Sabadell in talks to create Spain’s second-biggest domestic bank
BBVA and smaller rival Sabadell said on Monday they are in talks to create Spain’s second-biggest domestic lender by assets, the latest move in the accelerating consolidation of the Spanish banking sector.
Twitter competition gets backing amid huge surge in new users
Social media platform Parler, which styles itself as a “free speech-driven” space, gets funding from hedge-fund investor Robert Mercer and his daughter Rebekah.
Japan economy returns to growth July-September
Japanese economy grew in the third quarter of 2020.
Asia forms world’s biggest trading bloc, India politely declines
Asian Pacific nations come together to create the worlds largest trading bloc while India refused to join amid concerns China would take advantage of it.
AT&T wants to get rid of CNN for hating Trump
AT&T keen on selling CNN for hating Trump.
PlayStation 5 sold out online as lockdowns continue
The COVID-19 pandemic has driven a boom in gaming demand, but Sony has made the launch sale online only to maintain social distancing, calling for consumers to “be safe, stay home, and place your order online.”
Apple unveils first Macs built to run more like iPhones
Apple unveils first Macs built to run more like iPhones.
EU files antitrust charges against Amazon
EU files antitrust charges against Amazon.
Vietnamese economy projected to grow 6% 2021
The progressive recovery of several important indicators and the continued control of the COVID-19 pandemic predict that Vietnam’s economy will grow six percent or more by 2021.
Singaporeans are buying properties in ‘the worst time possible’
Singaporeans buying houses amid Pandemic.
New economic alignment after resignation of failed minister
Turkey to offer new opportunities to foreign investors.
EU to impose tariffs on $4 billion U.S. goods next week
EU to set new tariffs on US goods.
Global stock markets climb on prospect of Biden presidency
Shares in Asia Pacific have climbed to their highest point for nearly three years as Joe Biden edged closer to becoming the next president of the United States.
Health stocks gain amid ongoing US election uncertainty
While the United States presidential election remains up in the air, healthcare analysts are largely positive.
UK ready for recession this winter
UK close to recession,
Lockdown resistance in France
French government promised on Sunday to protect the nation’s beloved independent shops.
Britain accelerates review for COVID-19 vaccine
AstraZeneca Plc said on Sunday Britain’s health regulator had started an accelerated review of its potential coronavirus vaccine.
Indigenous people question logging industry
Indigenous people from the Malaysian state of Sarawak on the island of Borneo are fighting against plans to cut their forests.
Socialist government of Spain to increase taxes in crisis times
After the devastating effects that the coronavirus crisis has had on the Spanish economy, the government is predicting that there will soon be light at the end of the tunnel.
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