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Crypto-market infrastructure creaks amid volatility test

Thursday, March 19, 2020, 4:42 PM

Crypto-market infrastructure creaks amid volatility test

As worries over the economic hit from the coronavirus outbreak spread from stocks, oil and bonds to cryptocurrencies late last week, bitcoin crashed to its worst day in seven years. But plummeting prices weren't the only problem for investors. Bitcoin prices collapsed nearly 40% on March 12, the biggest one-day drop since spring 2013, before jumping 16% a day later.

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Trump suspends all travel from Europe to the US to fight coronavirus

Thursday, March 12, 2020, 1:17 PM

Trump suspends all travel from Europe to the US to fight coronavirus

U.S. President Donald Trump announced on Wednesday the United States will suspend all travel from Europe to the United States for 30 days starting on Friday in order to fight the coronavirus. Trump said the travel restrictions do not apply to the United Kingdom.

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Oil jumps 8% on stimulus hopes, spending cuts by U.S. producers

Wednesday, March 11, 2020, 12:12 PM

Oil jumps 8% on stimulus hopes, spending cuts by U.S. producers

Oil prices jumped over 8% on Tuesday, bouncing from the biggest rout in nearly 30 years a day earlier, as the possibility of economic stimulus encouraged buying and US producers slashed spending in a move that could cut output. On Monday, US President Donald Trump pledged "major" steps to gird the US economy against the impact of the spreading coronavirus outbreak.

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Talking about life after the divorce: EU and Britain set for new talks

Monday, March 2, 2020, 11:39 AM

Talking about life after the divorce: EU and Britain set for new talks

Britain and EU kick-off talks on how their relationship will shape-up after Brexit, with half a trillion-euros worth of annual-trade and close-security ties at stake in what are bound to be tense talks. Both-sides say they want to reach a deal by the end of the year so that new-cooperation on everything from aviation to fisheries to student exchanges can kick in from 2021.

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China reports fewer coronavirus cases outside epicenter, cases surge in South Korea

Sunday, February 23, 2020, 3:15 PM

China reports fewer coronavirus cases outside epicenter, cases surge in South Korea

China reported another fall in new-coronavirus-infections outside of its epicenter but world-health-officials warned it was too early to make predictions about the outbreak as new cases and fears of contagion increased elsewhere. China's health commission confirmed 648 new-infections higher than a day earlier but only 18 were outside of Hubei province, the lowest number outside of the epicenter since authorities started publishing data a-month-ago.

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Assange's fate hangs in balance as UK court considers U.S. extradition bid

Friday, February 21, 2020, 9:49 PM

Assange's fate hangs in balance as UK court considers U.S. extradition bid

Almost a decade after his WikiLeaks website enraged Washington by leaking secret U.S. documents, a London court will begin hearings on Monday to decide whether Julian Assange should be extradited to the United States. A hero to admirers who say he has exposed abuses of power, Assange is cast by critics as a dangerous enemy of the state who has undermined Western security.

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WikiLeaks' Assange may seek asylum in France: lawyer

Friday, February 21, 2020, 9:48 PM

WikiLeaks' Assange may seek asylum in France: lawyer

WikiLeaks-founder Julian-Assange, who is jailed in Britain-fighting-extradition to the US for espionage and computer hacking, may seek asylum in France, his lawyer Eric Dupond-Moretti said. Dupond-Moretti told Europe-1 radio that Assange's legal-team would be in contact with French-President Emmanuel Macron to make the case for Assange to get asylum in France. Assange has said that his youngest child and the child's mother are French.

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SoftBank-backed South Korean ride-hailer Tada gets rare win amid crackdown

Wednesday, February 19, 2020, 12:51 PM

SoftBank-backed South Korean ride-hailer Tada gets rare win amid crackdown

South Korea's ride-hailing service Tada, a smash hit since its launch just over a-year-ago, was cleared of transport law violations in court on Wednesday, a rare victory in a market that has been particularly unkind to ride-hailing companies. Since starting up in late 2018, Tada has won 1.7-million users as it capitalised on growing demand and the funding muscle of its Japanese-backer SoftBank-Group Corp.

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Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm

Wednesday, February 19, 2020, 12:46 PM

Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm

US-prosecutors overlooked apparent violations of US sanctions against Iran by HSBC-Holdings in exchange for the British bank's cooperation with a government-investigation of Huawei-Technologies, lawyers for the Chinese-telecoms-giant said. "The government agreed to overlook HSBC's continued misconduct, electing not to punish the bank, prosecute its executives or even extend the monitorship," Huawei's lawyers wrote in a Feb-10, 2020 letter filed in US-District-Court in Brooklyn, New-York.

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UK to invest $1.6 billion in weather and climate supercomputer

Monday, February 17, 2020, 1:28 PM

UK to invest $1.6 billion in weather and climate supercomputer

The British government will invest 1.2 billion pounds ($1.6 billion) in what it says is the world's most powerful supercomputer to provide more accurate weather and climate forecasts. The new supercomputer, which will be managed by the country's Met Office, will be used to help more accurately predict storms, select the most suitable locations for flood defences and predict changes to the global climate.

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