Saturday, 15 May 2021

Bloomberg

Visa moves to allow payment settlements using cryptocurrency

LONDON – Visa Inc said it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. Visa has launched the pilot program with payment and crypto platform Crypto.com and plans ...

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Suspend Uber’s facial recognition checks in UK: Drivers’ union

LONDON – A drivers union in the UK has called for Microsoft to suspend the use of its facial recognition technology by ride-hailing platform Uber after several drivers were misidentified and their licenses were revoked by Transport for London (TfL). According to a report in TechCrunch, the App Drivers & ...

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Spain jobless level hits 15.3% in second quarter

MADRID: Spain’s unemployment rate rose in the second quarter of the year, reflecting the negative impact on the labor market of lockdown measures to contain the coronavirus pandemic. The country’s unemployment rate rose to 15.33% in the quarter from 14.41% in the first quarter of 2020, Spanish statistics office INE ...

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Sameera Reddy reveals the Crazy Things she did

BOLLYWOOD actress Sameera Reddy has opened up about the “crazy things” she used to do to try and fit into the Bollywood industry. Although the actress has been away from the big screen for quite some time, she regularly interacts with her fans on social media. Recently, Sameera revealed that ...

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Sushmita’s brother Rajeev Sen set for Bollywood debut

BOOLYWOOD: Sushmita Sens brother Rajeev Sen will make his Bollywood debut with “Iti: Can You Solve Your Own Murder?” He says he always had a hidden desire to express his creative side. “Movies, acting, performing are a massive part of my life. To get such a brilliantly written role in ...

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Italy’s Eni mulls exiting Pakistan after 20 years

MELAN: After about 20 years of operations in Pakistan, Italy’s Eni SpA is mulling to sell its energy exploration and production assets in the country. Eni is working with a financial adviser to gauge interest in the portfolio, said people who asked not to be identified as the information isn’t ...

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Tesla vs Toyota, Who is Bigger

LONDON: Last week, Tesla Inc. CEO Elon Musk liked a tweet that read, “Tesla is now officially the most valuable automaker of all the world!! Congrats!!” The tweet showed a screenshot of a well-shared Google sheet created by Reddit user u/brandude87, listing the world’s top 25 automakers by market value. ...

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CSIS Warned Of “Global Shock Waves” From Huawei’s CFO Arrest

TORONTO: Canada’s intelligence agency warned that arresting the daughter of billionaire Huawei founder Ren Zheng would set off global “shock waves” and seriously affect ties with China, just before her detention in Vancouver on a U.S. extradition request, new court documents show. Released on Friday, the documents show the involvement ...

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European banks brace for storm as coronavirus hits earnings

LONDON: European bank stocks are trading close their steepest-ever discount to US rivals and early signals show that first-quarter earnings may only reinforce the gap. The continent’s lenders, already in a tough spot before the coronavirus outbreak hit, are likely to detail more worrying news for their embattled investors. In ...

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Singapore oil trader Hin Leong hid $800M in losses

The son of the legendary founder of Hin Leong said the Singapore oil trader hid about $800 million in losses racked up in futures trading, suggesting a much bigger hole in the company’s finances than thought, according to people with knowledge of the matter. The downfall of Hin Leong Trading ...

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