Elon Musk Again Becomes World’s Richest Person as Tesla Stock Soars to 8-Month High
Elon Musk overtook Jeff Bezos again to become the world’s richest person on Friday, as his wealth grew on soaring Tesla stock, according to a report by Markets Insider on...
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China Power Use Under Scrutiny as Risks to Global Inflation Intensify
Analysts are warning that inefficient energy use in China's industries has made it harder for the government to solve the problem of surging energy prices, according to Bloomberg. The high-energy...
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Crypto Likely to Cause Global Financial Crisis, Regulation Matter of Urgency, Warns BoE Official
The BOE’s deputy governor for financial stability has cautioned that cryptos could cause a global financial crisis if not regulated, according to a report by CNBC on Thursday. In a...
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Thomas Reuters Announces $100 Million Fund to Invest in Early Stage Companies
Thomas Reuters Corp is unveiling a $100 million venture capital fund to invest in early-stage companies, which serve professionals, according to a report by Reuters on Thursday. The fund branded...
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Apple Set to Cut iPhone Production Targets by 10M units Due to Chip Shortage
Apple Inc is poised to cut its projected iPhone 13 production targets for 2021 by nearly 10 million units on prolonged chip shortages, according to a report by Bloomberg on...
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Norway’s Outgoing Coalition Proposes Sharp Cut in Wealth Fund Spending
Norway should cut on spending from its $1.3 trillion sovereign wealth fund in 2022 as the economy recovers from the pandemic, according to a report by Reuters on Tuesday. The...
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CBDCs a Cryptofascist Currency? Edward Snowden Says So
Edward Snowden, a controversial US whistleblower, has criticized the Central Bank Digital Currencies, calling them a distortion of the cryptocurrency, according to CryptoPotato. Snowden said that CBDC would give the...
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Former Pentagon Software Chief Says China to Dominate World in AI Frontier
The Pentagon’s First Chief Software officer Nicolas Chaillan has resigned to the claims that the United States has already lost its artificial intelligence race to China, FT reported. Chaillan believes...
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Meituan Slapped With 3.44 Billion Yuan Fine in Antitrust Case
China has fined services provider Meituan 3.44 billion yuan or $533 million for monopolistic behavior after months of investigation on the firm, Bloomberg reported. China’s State Administration for Market Regulation...
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What You Need to Know About Tether’s Mystery
Tether has recently seen exponential growth in the summer and has touted itself as safe, but the stablecoin still remains a mystery, Bloomberg reported. Documents indicate that Tether Holdings Ltd.’s...
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Tilray Widens Net Loss Even as Revenues Up 43%
Global cannabis firm Tilray Inc. widened its net loss in the first quarter of the fiscal year 2022 even as it posted double-digit growth in revenues, the company announced in...
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Finland Follows Sweden and Denmark in Halting Moderna COVID-19 Vaccine
Finland stopped the use of Moderna’s COVID-19 vaccine for younger males after reports of a rare cardiovascular side effect, according to a report by Reuters on Thursday. Mika Salminen, director...
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