On Tuesday, the American company Facebook reported its plans to release its own cryptocurrency Libra in 2020. The company, which owns the world's largest social network, intends to ensure that the new cryptocurrency, tied to the dollar and low-risk securities, reaches the international level, competing with the dollar. It is planned that Libra will be used for daily transactions that can be carried out through messaging services. The planned release of cryptocurrency still requires obtaining permission from regulatory authorities. To achieve this, as well as to make further decisions on cryptocurrency, the Libra Association was created. It includes 27 companies, such as PayPal, Visa and Uber Technologies. Members of the association will create a general reserve that ensures the stability of Libra. The minimum contribution will be 10 million dollars.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
On Thursday, the European Court of Justice (ECJ) rejected the validity of the data transfer mechanism used by the European Union and the United States which could facilitate the transfer of data from both countries. The data transfer tool ...
On Monday, Fujitsu Ltd. (6702.T) announced that it would halve its office space in Japan by March 2023 as it pushes for its 80,000 employees to work remotely amid the coronavirus outbreak. The IT solutions company said that its employees would ...