Bitcoin investment products and funds registered outflows for a second consecutive week, according to data from digital asset manager CoinShares released on Monday, highlighting investors’ cautious sentiment on the cryptocurrency sector as prices continued to stall. NEW YORK: Bitcoin investment products and funds registered outflows for a second consecutive week, […]
Business
TAIPEI: BioNTech SE had planned to send Taiwan five million Covid-19 vaccine doses by July under an original deal which collapsed in January, Taipei’s top diplomat in Berlin said today, detailing how the highly politicised agreement came apart. Taiwan had tried for months to get the vaccine from the German […]
WELLINGTON: New Zealand’s Jacinda Ardern on Monday (Jul 12) announced a hastily convened virtual meeting of APEC leaders this week to discuss the Asia-Pacific region’s response to the COVID-19 pandemic and its economic impact. Ardern is scheduled to host the annual 21-nation Asia-Pacific Economic Cooperation (APEC) summit online in November, […]
WASHINGTON: A cartridge of Nintendo’s classic video game Super Mario 64 set a world record on Monday (Jul 12), selling at auction for US$1.56 million. The sale, the first ever of a game cartridge to surpass US$1 million, came just two days after a sealed copy of The Legend of […]
VANCOUVER: A Canadian judge has denied Huawei Chief Financial Officer Meng Wanzhou’s application to add a trove of documents her legal team received from HSBC as evidence to her US extradition case, the judge announced yesterday. Meng, 49, is facing extradition from Canada to the United States on charges of […]
SINGAPORE: Indonesia’s Bukalapak launched an up to US$1.13 billion initial public offering ahead of next month’s listing, marking the country’s biggest issue in more than a decade amid rising investor appetite for tech stocks in a region boasting a growing consumer class, according to a term sheet seen by Reuters. […]
U.S. Senator Elizabeth Warren on Thursday warned of the growing risks posed to consumers and financial markets by the “highly opaque and volatile” cryptocurrency market and blasted its lack of regulation as unsustainable. WASHINGTON: U.S. Senator Elizabeth Warren on Thursday warned of the growing risks posed to consumers and financial […]
OSLO: Norwegian telecoms operator Telenor has sold its Myanmar operations to Lebanese investment firm M1 Group for US$105 million, Telenor said on Thursday (Jul 8), announcing its retreat from a country that slid into chaos after a military coup in February. “Further deterioration of the situation and recent developments in […]
SINGAPORE: SP Group has started a trial to test and verify the possibility of transferring energy from the batteries of electric vehicles (EV) back to the power grid. Vehicle-to-grid technology can be a “win-win” for both the electricity system and electric vehicle owners if proven viable, said SP Group on […]
BEIJING: China’s central bank warned companies on Tuesday (Jul 6) against assisting cryptocurrency-related businesses as it shut down a software firm over suspected involvement in digital currency transactions. Beijing has turned a sharp eye on cryptocurrency in recent months as it widens its regulatory crackdown on the tech sector. Cryptocurrency […]