Following a surge in prices sparked fears of a boom-and-bust cycle and with the aim of controlling speculative trading activity, China’s securities regulator ordered the country’s major commodity futures exchanges to take steps, reports Reuters quoting sources. Major institutional investors were ordered to rein in their trading by commodity futures exchanges in Dalian, Shanghai and…
Chunshuitang, a Chinese sex toy company is building a smart love hotel. “The love hotel we are building now will be so smart that the light and temperature of the rooms can change according to the mood and intimacy of a couple,” said Lin Degang, CEO of Chunshuitang, a sex toy company based in Beijing,…
Since the mechanical alarm clock was invented in 1876, there hasn’t been much innovation in waking up. While the idea was the same as the rooster: loud, sudden noises ripping you from the sweet embrace of sleep, it was certainly a vast technological improvement. However that concept is set to be changed by a slew…
Security researchers at British defense contractor BAE Systems said that the attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system. It was aware of malware targeting its client software, said SWIFT which is a cooperative…
After securing legal and financial backing claims worth more than £1bn against the Royal Bank of Scotland would be filed by small businesses alleging that the bailed-out bank drove them to the wall for its own profit. It is understood that 50 claimants less than a month after its launch have been processed by the RGL…
As it struggles to provide enough strong content to attract consumers amid tough local competition Netflix Inc is facing problems in several major Asian markets months after its global rollout. The company also faces many regulatory hurdles, underlining concerns about disappointing subscriber numbers reported this week. The U.S. video streaming giant’s January launch into 130…
To make sure Greece reaches agreed fiscal targets, it was proposed by international lenders to prepare a package of additional savings measures which would be passed into law now, but implemented only if needed. The way for the debt relief would be cleared and the disbursement of new loans to Athens enabled once Greece agrees…
One region is making a surprise comeback after years of declining activity – the Norwegian Arctic, even as the oil industry continues to cut jobs, projects and costs amid low crude prices, company executives and officials say. The number of exploration wells in the Norwegian part of the Barents Sea is increasing to 10 in…
An investigator into one of the world’s biggest cyber heists said that Bangladesh’s central bank was vulnerable to hackers because it used second-hand, $10 switches to network computers connected to the SWIFT global payment network and did not have a firewall. Mohammad Shah Alam, head of the Forensic Training Institute of the Bangladesh police’s criminal…
A century-long record by the greatest margin yet seen for any month has been shattered by the global temperature in March. Driven largely by climate change, and was described by scientists as a “shocker” and signalling “a kind of climate emergency”, February was far above the long term average globally. But March was even hotter…
