Emerging markets need more say on digital currencies Governments in emerging markets must have greater say in the regulation of digital currencies that could facilitate illegal capital flows and disrupt foreign exchange management, a senior official of China’s foreign exchange regulator said on Monday. China has signalled it is activelyContinue Reading
Bitcoin holds ground after China voices support for blockchain Bitcoin held ground on Monday near a one-month high scaled over the weekend after China’s president Xi Jinping said the world’s second biggest economy should accelerate the development of blockchain technology. Blockchain, a digital ledger that forms the backbone of manyContinue Reading
Qatar Airways, JAL among suitors for Malaysia Airlines Three international carriers have put in bids to buy a strategic stake in the ailing Malaysian carrier, Malaysia Airlines, according to a report published on Saturday by business weekly The Edge Malaysia. Malaysia’s government said on Tuesday that sovereign fund Khazanah NasionalContinue Reading
French luxury group LVMH offers to buy U.S jeweler Tiffany Louis Vuitton owner LVMH has approached Tiffany & Co with an acquisition offer, people familiar with the matter said on Saturday, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China.Continue Reading
ARM to continue supplying chip technology to Huawei Chip designer ARM will continue to supply Huawei Technologies after the British company’s legal team ruled that its chip technology is of UK origin and would not breach U.S. restrictions on supplying the Chinese tech giant. Huawei, the world’s No. 2 smartphoneContinue Reading
AT&T’s plan to take on Netflix, Apple and Disney with HBO Max In the bestselling novel “Circe” — optioned by WarnerMedia for its forthcoming HBO Max streaming service — the daughter of the Greek god Helios tames wild beasts and menaces the gods. WarnerMedia executives want “Circe” to unleash aContinue Reading
Qualcomm creates $200 million fund for 5G uses beyond phones Qualcomm Inc on Thursday said it has created a $200 million venture capital fund to invest in startup companies looking to use 5G technology in devices other than smartphones. Qualcomm is supplying chips for 5G, the next generation of mobileContinue Reading
Comcast beats profit estimates on internet subscriber additions Media and communications company Comcast Corp (CMCSA.O) beat Wall Street estimates for third-quarter profit on Thursday, as it added more high-speed internet customers, even as it lost video users. The company gained 379,000 high-speed internet subscribers, beating analysts’ average estimate of 344,000Continue Reading
Twitter revenue hit by weaker advertising, low demand; shares plunge Twitter Inc posted worse-than-expected third quarter revenue and profit on Thursday, which the company attributed to advertising problems including product bugs and unusually low demand over the summer, sending its shares down about 15%. Shares of the micro-blogging platform droppedContinue Reading
Golden M Group has announced that Coin M will be the first of its kind in the Middle East A new gold-based, Sharia-compliant cryptocurrency is expected to enter the UAE market before the end of 2019. A new gold-based, Sharia-compliant cryptocurrency is expected to enter the UAE market before theContinue Reading