Tech can’t remove all financial risks, crypto regulation needed: BOE

Tech can't remove all financial risks, crypto regulation needed: BOE

Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governor for financial stability. Speaking at the British High Commissioner’s residence in Singapore on Tuesday, Cunliffe shared insights on the recent “crypto winter,” which refers to a period of … Read more

Chinese companies look to US and Asia as growth slows at home

Chinese companies look to US and Asia as growth slows at home

Miniso opened its first flagship store in New York City’s SoHo in February 2022. Miniso BEIJING – Some Chinese consumer brands are looking for growth overseas, in markets like the US and Southeast Asia. Take Miniso, a Guangdong-based seller of toys and household products. Sometimes called China’s Muji, Miniso opened a flagship store in New … Read more

Here are four past cases Twitter and Elon Musk’s lawyers will be examining as they head to court

Here are four past cases Twitter and Elon Musk's lawyers will be examining as they head to court

SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, US, March 2, 2019. Mike Blake | Reuters After billionaire Elon Musk said … Read more

OnePlus co-founder Carl Pei makes smartphone comeback

OnePlus co-founder Carl Pei makes smartphone comeback

The Nothing Phone 1. Nothing The co-founder of Chinese smartphone brand OnePlus, Carl Pei, is back with a new handset – only this time it’s with a different company, literally called Nothing. Pei’s peculiarly named start-up officially pulled the wraps off its debut smartphone Tuesday, after months of dropping hints and teasers about the look … Read more

Global shipping wants to go green. But a lack of fuel is derailing its plans

Global shipping wants to go green.  But a lack of fuel is derailing its plans

Shipping companies will need adequate amounts of green methanol or other greener fuels to power these ships to make a meaningful difference to their carbon footprint. Jeff Gritchen | MediaNews Group | Getty Images Denmark’s Maersk, the largest container shipping firm in the world, plans to have carbon-neutral ships on the water starting next year. … Read more

How the fall of Three Arrows, or 3AC, dragged down crypto investors

How the fall of Three Arrows, or 3AC, dragged down crypto investors

As recently as March, Three Arrows Capital managed about $ 10 billion in assets, making it one of the most prominent crypto hedge funds in the world. Now the firm, also known as 3AC, is headed to bankruptcy court after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out … Read more

A new way iconic brands like P&G, Nokia cash in on R&D moonshots

A new way iconic brands like P&G, Nokia cash in on R&D moonshots

A picture taken on July 26, 2018 shows a view of the headquarters of Finnish telecoms giant Nokia in Espoo, Finland. Mikko Stig | Afp | Getty Images For over a decade, the research arm of Nokia Bell Labs in Finland has been working on a cooling and energy efficiency technology for data centers and … Read more

The euro continues to slide toward dollar parity – and could fall even further

The euro continues to slide toward dollar parity - and could fall even further

A financial trader monitors data as a television shows euro currency banknotes at the Frankfurt Stock Exchange in Germany. Martin Leissl | Bloomberg | Getty Images The euro dropped below $ 1.02 this week, continuing its slide to new 20-year lows and potential parity with the US dollar. The euro traded as low as $ … Read more

Atlassian Co-CEO Scott Farquhar saved man’s life in Las Vegas club

Atlassian Co-CEO Scott Farquhar saved man's life in Las Vegas club

Scott Farquhar, co-founder and co-CEO of the global software company, Atlassian, speaks at the National Maritime Museum in Sydney, April 10, 2018. Chris Hopins | The Australian Financial Review | Getty Images As co-CEO of collaboration software maker Atlassian, Scott Farquhar has had a tough year along with many of his industry peers. The company’s … Read more

Fed could cut interest rates in 2023, analysts say, after rate hikes this year

Fed could cut interest rates in 2023, analysts say, after rate hikes this year

Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession. Olivier Douliery | AFP | Getty Images Central banks around the world might have embarked upon a path of aggressive rate hikes – but not everyone is expecting this approach to last. The … Read more