Tech News

Cryptocurrency platform FTX goes bankrupt in US, boss resigns

Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.. Bankman-Fried, the son of Stanford Law School professors and a graduate of the elite Massachusetts Institute of Technology, has long been a vocal advocate for smoother access to the crypto market for the general public, particularly in the United States. bcp-rfj/imm/caw/leg

Fri, Nov 11, 2022 2 mins read

Tech News

British Airways allows all crew to wear make-up, accessories

British Airways will permit all cabin crew to wear make-up and accessories regardless of gender, as the UK airline seeks to become more inclusive, it said Friday.. The airline already this year permitted crew to wear make-up and visible tattoos. ode/rfj/bcp/rox/imm

Fri, Nov 11, 2022 0 mins read

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UN, Russia hold talks on grain, fertiliser exports

United Nations chiefs were holding talks with Russian officials Friday on the Black Sea agreements on exporting grain and fertilisers, eight days before one of the deals is set to expire.. The 120-day Black Sea Grain Initiative runs out on November 19, and the United Nations is seeking to renew the agreements for one year.

Fri, Nov 11, 2022 2 mins read

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EU warns of 'difficult months' as eurozone faces recession

The EU warned Friday the eurozone was set to fall into recession this winter as Brussels hiked inflation forecasts for 2022 and 2023 on the back of high energy prices.. He warned however that inflation could end up two points higher in 2023 if the EU "fails to prepare" adequately in advance for next winter by filling up its gas stores.

Fri, Nov 11, 2022 2 mins read

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UK economy contracts in third quarter

Britain's economy shrank in the third quarter, official data showed Friday, likely confirming it is already in a recession forecast to last some time.. The BoE also warned that Britain's economy could remain in recession until the middle of 2024.

Fri, Nov 11, 2022 2 mins read

Tech News

UK economy contracts in third quarter

Britain's economy shrank in the third quarter, official data showed Friday, likely confirming it is already in a recession forecast to last some time.. The BoE also warned that Britain's economy could remain in recession until the middle of 2024.

Fri, Nov 11, 2022 1 mins read

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SoftBank posts Q2 net profit after Alibaba share sales

Japan's SoftBank Group on Friday posted a net profit in the second quarter, partly thanks to gains from its recent reduction of its stake in Chinese e-commerce giant Alibaba.. In August, SoftBank announced it would sell down some of its shares in Alibaba, reducing its stake in the Chinese tech giant to around 15 percent from 24 percent.

Fri, Nov 11, 2022 2 mins read

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Finland's foresters decry 'unfair' EU climate plans

Standing next to a freshly-cut clearing the size of seven football fields, Finnish forest engineer Matti Jappila pointed to growth rings in an up to 300-year-old tree stump.. The loud noise of a clearing saw filled the thick boreal forest of spruce and birch, as Jappila prepared another part of his estate to be cut down in December -- before the EU can force him to protect it.

Fri, Nov 11, 2022 3 mins read

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Repeat hacks highlight Australia's cyber flaws

Inadequate privacy safeguards and the stockpiling of sensitive customer information have made Australia a lucrative target in the eyes of foreign hackers, cybersecurity experts told AFP following a series of major data breaches.. Australian National University cybersecurity expert Thomas Haines said many companies had been hoarding personal data that they should not have been hanging on to. 

Fri, Nov 11, 2022 3 mins read

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China eases Covid measures, cutting quarantine and scrapping flight bans

China announced the relaxation of some of its hardline Covid-19 restrictions on Friday, after authorities had vowed to stick to a zero-tolerance virus approach despite mounting economic damage.. But a notice from the country's disease control agency on Friday said the Politburo Standing Committee -- the apex of power in China -- met Thursday to rubberstamp limited relaxations.

Fri, Nov 11, 2022 2 mins read