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Former Defense Secretary Says Donald Trump’s Behavior On January 6 ‘Threatens Our Democracy’
WASHINGTON, DC – APRIL 01: Secretary of Defense Mark Esper speaks as U.S. President Donald Trump … [+] listens during the daily White House coronavirus press briefing April 1, 2020 in Washington, DC. After announcing yesterday that COVID-19 could kill between 100,000 and 240,000 Americans, the Trump administration is also contending with the economic effects… More
China’s Geely Auto To Buy 34% Of Renault Korea Motors In Bid For South Korean, Export Markets
Chinese billionaire Li Shufu controls Geely Auto, as well as Volvo Cars, Polestar and several other … [+] global brands. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Automobile Holdings, a China automaker controlled by billionaire Li Shufu, has agreed to buy 34% of Renault Korea Motors for 1.37 billion yuan, or about $210… More
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Snarled-up ports point to worsening global supply chain woes – report
By Marc Jones LONDON (Reuters) – Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China’s COVID-19 lockdowns, Russia’s invasion of Ukraine and other strains cause even longer delays at ports and drive up costs. The study by analysts at Royal Bank of Canada (RBC) found that… More
EU Commission report suggests rethink of regulatory approach to DeFi
The report highlights the DeFi’s potential for lower financial audit costs and substantial opportunities for financial integration across borders Analysts from the European Commission showed an unexpected understanding of how decentralized finances (DeFi) actually function, having defined it as something different from the traditional financial system and acknowledged that it would require rethinking the approach… More
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Greenwich estate owner will accept bitcoin or Ethereum cryptocurrency as payment for $6.5 million property
Main residence at 241 Bedford Rd in Greenwich, CTAnthony Acocella / Modern AnglesThe Gold Coast of Connecticut soon might become the Crypto Coast if this real estate listing is any indication.The owner of a Greenwich estate is willing to accept cryptocurrency as payment for its $6.5 million asking price, in what an agent says is… More
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Alibaba’s Freshippo adds more couriers, still unable to meet Shanghai demand
SHANGHAI (Reuters) – Alibaba (NYSE:BABA)’s supermarket chain Freshippo said on Sunday it was adding more couriers to meet high demand in Shanghai but this was not yet catching up with the rising needs of locked-down residents as the city battles a surge in COVID-19 cases. Shen Li, a vice president at Alibaba Group’s Freshippo, told… More
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Norway’s sovereign fund will vote to support Bayer management
OSLO (Reuters) -Norway’s $1.3 trillion wealth fund will vote next week to support top management at German drug and farm products maker Bayer AG (ETR:BAYGN), but will vote against the remuneration package of CEO Werner Baumann, it said on Sunday. Shareholders will vote on April 29 at Bayer (OTC:BAYRY)’s annual general meeting on whether or… More
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Credit Suisse poised to revamp senior management – paper
ZURICH (Reuters) – Loss-making Credit Suisse (SIX:CSGN) could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled Swiss bank back on stable ground, Swiss Sunday newspaper NZZ am Sonntag reported. Citing unnamed sources, the paper said Chief Legal Officer Romeo Cerutti, finance chief David Mathers, and Asia-Pacific regional boss Helman… More
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Robotaxi startup Pony.ai gains taxi license in China city
BEIJING (Reuters) – Self-driving tech company Pony.ai, backed by Toyota Motor (NYSE:TM) Corp, said on Sunday it has obtained a taxi license in China, which will allow some of its driverless vehicles to start charging fares. The company said it was the first autonomous driving company in the country to do so. The startup said… More
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Panasonic workers in Mexico elect independent union, defeating top labor group
By Daina Beth Solomon MEXICO CITY (Reuters) -Workers at a Panasonic (OTC:PCRFY) auto parts plant in northern Mexico elected an independent union this week, marking another defeat for one of the country’s biggest labor organizations as Mexico seeks to strengthen worker rights in line with a new trade deal. Union SNITIS, which grew out of… More
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Strike causes chaos at Amsterdam airport as holiday begins
By Anthony Deutsch AMSTERDAM (Reuters) -Amsterdam’s Schiphol airport urged travellers to stay away for several hours on Saturday as a strike by ground personnel at the start of a school holiday caused chaos at Europe’s third-busiest airport. “The terminal is too full at the moment … Schiphol is calling on travellers not to come to… More
The loss of privacy: Why we must fight for a decentralized future
As early blockchain adopters, we must bring decentralization to the masses and fight with the tech behemoths that are its natural enemies. If you’re into cryptocurrency or blockchain, there’s a good chance I don’t have to spell out the benefits of decentralization. You’re a first-generation user of a technology that will increasingly define the future… More
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