A digital token inspired by the popular South Korean Netflix series Squid Game has lost almost all of its value as it was revealed to be an apparent scam. Squid,…
Category: Business News
USA: Elon Musk says Tesla has not signed deal with Hertz
Elon Musk says no contract has been signed with Hertz after the rental car company announced a deal that led to Tesla’s market value surpassing $1 trillion. Last week, shares…
USA: Netflix launches first games on smartphones
Netflix is launching its first games worldwide as it seeks to break into the game subscription market. Starting Tuesday, the company will roll out updates to its Netflix app on…
USA: Facebook to end use of facial recognition software
Facebook has announced it will no longer use facial recognition software to identify faces in photographs and videos. There have been growing concerns about the ethics of facial recognition technology,…
Afghanistan: Taliban bans foreign currencies
The Taliban has banned the use of foreign currencies in Afghanistan, a move that could further disrupt an economy on the brink of collapse. “The economic situation and national interests…
Bitcoin climbs as Elon Musk says Tesla ‘likely’ to accept it again
Bitcoin has jumped past $30,000 as Elon Musk said Tesla is “most likely” to start accepting it as payment again. The electric carmaker said in May that it would no…
EU: Authorities plan to make Bitcoin transfers more traceable
Proposed changes to EU law would force companies that transfer Bitcoin or other crypto-assets to collect details on the recipient and sender. The proposals would make crypto-assets more traceable, the…
Egypt: Deal to release Ever Given (ship that blocked Suez Canal) agreed
Egypt will release the container ship that blocked the Suez Canal in March, after it agreed a compensation deal with the vessel’s owners and insurers. The two sides said the…
Botswana: Diamond found could be world’s third largest
A diamond believed to be the third largest ever found has been put on display in Botswana. The stone – weighing 1,098 carats – was shown to President Mokgweetsi Masisi,…
China: Alibaba’s Jack Ma is ‘lying low’, says co-founder
China’s best-known entrepreneur Jack Ma is “lying low” and avoiding the spotlight, according to an Alibaba executive. Joe Tsai, who co-founded the Chinese e-commerce giant with Mr Ma, told CNBC…