There was a time when it seemed as though Singapore would become a global centre for cryptocurrency. Authorities had signalled an early interest in harnessing blockchain technology. That, coupled with…
Category: Business News
USA: Twitter condemned by UN and EU over reporters’ ban
The United Nations has joined the European Union in condemning Twitter’s decision to suspend some journalists who cover the social media firm. Reporters for the New York Times, CNN and…
Germany: Berlin’s giant AquaDom hotel aquarium containing 1,500 fish explodes
A giant aquarium containing a million litres of water in the lobby of the Radisson Blu in Berlin has burst, flooding the hotel and nearby streets. The “AquaDom” – home…
Hong Kong: Markets watchdog warns of cryptocurrency platform risks
Hong Kong’s financial markets watchdog has issued a warning over the risks of online platforms for cryptocurrency and other digital asset deposits. “Investors are urged to be wary of the…
China: TikTok tests landscape videos in major shake-up
Video-sharing platform TikTok has started testing a new landscape mode with select users around the world. Some experts say the feature will help it directly compete with rival video platforms…
USA: Twitter’s paid blue tick re-launches after pause
Twitter’s paid-for verification feature is rolling out once again on Monday. It was paused last month after being swamped by impersonators. It is still $8 per month – but there…
USA: Elon Musk no longer world’s richest man
Elon Musk is no longer the world’s richest man after a sharp drop in the value of his shares in electric car company Tesla this year. According to both Forbes…
USA: TikTok ban over China security fears on the cards
US lawmakers have proposed a ban on TikTok – the social media app known for its short viral videos – citing concerns about national security. The bipartisan bill is the…
Pakistan: Central bank’s forex reserves fall to near four-year low
Pakistan’s central bank says its foreign exchange reserves have fallen to $6.7bn, its lowest level in nearly four years as the country battles an economic crisis. Thursday’s announcement by the…
Canada: Central Bank of hikes interest rate to highest level in 15 years
The Bank of Canada on Wednesday hiked its benchmark overnight interest rate by 50 basis points to the highest level in almost 15 years and signalled its historic tightening campaign…