Tech News

Keep talking: Disgraced crypto king's high-risk strategy

Omnipresent on talk shows and conference panels, disgraced cryptocurrency tycoon Sam Bankman-Fried is defying the advice of the legal profession and staying in the public eye despite facing the real threat of prosecution and even jail time.. "I didn't ever try to commit fraud on anyone," Bankman-Fried told a New York Times conference on November 30.

Canada to hasten permitting for critical minerals mines

Canada will look to quickly ramp up production of critical minerals that are vital to its transition away from climate-harming fossil fuels, according to a new strategy unveiled Friday.. There is no energy transition without critical minerals," says the strategy document.

Brazil's Lula appoints former mayor as finance minister

Brazil's president-elect Luiz Inacio Lula da Silva on Friday named former Sao Paulo mayor Fernando Haddad, viewed unfavorably by many in the business community, as his finance minister.. Despite some of the reluctance towards Haddad, the Sao Paulo Stock Exchange's Ibovespa index was up Friday by 0.5% after the names of the future ministers were announced.

UK defends new post-Brexit finance reforms

Britain on Friday launched a post-Brexit plan to relax curbs on its powerhouse City sector introduced after the 2008 financial crisis, denying the reforms will bring about new instability.. The ringfencing policy was introduced after the 2008 global financial crisis, to help banks survive another meltdown.

Hydrogen pipeline between Spain and France to be ready 'by 2030'

An ambitious underwater pipeline to bring green hydrogen from the Iberian Peninsula to the rest of Europe will be completed by 2030 and will cost some 2.5 billion euros, the leaders of France, Spain and Portugal said Friday.. The project will cost around 2.5 billion euros ($2.6 billion), he said at a joint press conference with French President Emmanuel Macron and Portuguese Prime Minister Antonio Costa.

Madrid, Paris, Lisbon push ahead with hydrogen pipeline

Spain, France and Portugal on Friday unveil details of their ambitious plan for an underwater pipeline to bring green hydrogen from the Iberian Peninsula to the rest of Europe.. Initially, the idea was for the pipeline to carry gas from the Iberian peninsula to central Europe, given Spain and Portugal's huge capacity for turning liquefied natural gas (LNG) that arrives in tankers back into gas form. 

The art teacher who showed the world China's protests

Just a few months ago, he was an ordinary Chinese art teacher who posted his personal thoughts and paintings online.. Used to sharing his personal thoughts or art online, Li began venturing into social issues -- which, like politics, can be sensitive topics in China.

Global economic chiefs laud China's 'decisive' zero-Covid reversal

Global economic leaders on Friday hailed China's move away from its hardline zero-Covid policy, with the IMF chief saying the "decisive actions" would help revive growth both in the country and globally.. "We welcome very much the decisive actions taken by the Chinese authorities... to recalibrate the Covid policies so as to create a better impetus for the revival of growth in China," Kristalina Georgieva said at a press briefing with the heads of other major economic institutions.