In a statement, Oki Matsumoto, the head of Japan’s Monex Group said, digital currencies of Japan’s central bank will help boost trading of cryptocurrencies by providing a trusted and convenient platform for converting them into legal tenders. Welcoming the move the Bank of Japan, Matsumoto, the CEO of the Monex Group said, it will look…
According to the Bloomberg Billionaires index, which tracks the 500 wealthiest people in the world, the net worth of Tesla CEO reached $127.9 billion on Monday, with the shares of the electric vehicle maker reaching a record high. This sudden increase in Musk’s net worth made him the second-richest person of the world, beating Bill…
The United States based electronics retailer Best Buy notched up its largest quarterly sales growth in 25 years in the three months ending on October 31 as the company benefitted significantly from the rising trend of consumers purchasing laptops, home theatre systems, kitchen appliances and other electronics products with such consumers being forced to spend…
After almost 2,500 of its employees tested positive for Cvoid-19, more than half of its factories will now be shut down by the largest maker of latex gloves in the world. Authorities said that in order to bring the pandemic spread under control, 28 plants of Malaysia’s Top Glove will be closed down in phases.…
On Tuesday, in a significant development, the price of Bitcoin touched its all-time high of $19,000 for the first time in around three years. Bitcoin, the world’s most popular cryptocurrency was last up by 3% at $18,918, near its all-time record of $19,666. In November, its price jumped by 40% and is up by around…
In a significant development, the British government is set to pass a bill which will see British telecoms companies facing a fine of up to 10% of their turnover or $133,140 (100,000 pounds) a day fine, if they contravene a ban on using equipment made by China’s Huawei Technologies Co Ltd. The Telecommunications (Security) Bill…
On Tuesday, Nissan Motor Co Ltd stated, starting from next month, it will sell a redesigned version of its best-selling Note compact car in Japan, which will feature new hybrid drive technology. The move is aimed at winning market share from Honda Motor Co Ltd and Toyota Motor Corp. The Note’s first full model change…
The first person to receive the Covid-19 vaccine in the United States could get it as soon as December 11, according to the White House. An application to the US Food and Drug Administration for emergency use authorisation for its Covid-19 vaccine candidate was submitted by the US pharmaceutical giant Pfizer and its German partner…
Misinformation and conspiracy theories around Covid-19 vaccinations will not attempted to ne dispelled by tech companies including Facebook, Twitter and Google together with governments including the United Kingdom and Canada. Standards for tackling misinformation across the various digital platforms and how organizations accountable for their failure to do so can be held responsible is being…
Despite their victories in recent years, one persistent idea about cooperatives is that they struggle to grow profitably, being forced to make a choice between maintaining local value commitments and the pursuit of international development. It is possible that this choice could either lead to the detriment of a cooperative’s competitiveness, or a move away…
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