Europe’s Bitfury unveils artificial intelligence unit
The Bitfury Group, a European blockchain technology, uncorked its artificial intelligent unit.
The newly-launched system will work with the existing blockchain services Bitfury has.
It is expected to add value to the current valuation of Bitfury ...
UBER declares its biggest quarterly loss
UBER announced on Thursday a stupendous loss amounting to $5.2billion for its second quarter financial report from May to June, recording its worst quarterly loss.
The loss mostly came from stock-based compensation expenses (worth $3.9 billion) ...
Japan begins again its trade bids with SoKor, tension remains
Japan is picking up where it left off after its approval of the first exports of materials to South Korea, following their incipient trade conflict in July.
But Japan is not doing it without a stern gesture as it hinted about export curbs against ...
Philippine economic growth slows than expected
The national government budget delay backlash hit the Philippines, hampering its economic growth for the second quarter unexpectedly.
The Philippine economic growth slowed as the gross domestic product is higher by 5.5% from last year’s ...
Gold price shines amid global economy turmoil
Gold’s price has soared to $1,500 an ounce on Wednesday, first in six years amid the growing fears brought by the clashing economy giants in the US and China.
During times like this, when global economics’ growth hangs in uncertainty, ...
Asian Market continues to rise after Monday’s fiasco
Asian market on Thursday soared once more after a momentous Singapore Convention on Wednesday to significantly clear the stage of international trade.
South Korea’s Kospi notched a step higher with a 1% climb. The Hang Seng Index of Hong ...
U.N. intervene with the trade conflicts, sign mediation convention
Peace – on its way to meddle amid the trade chaos built by world powers.
The United Nations members signed the Singapore Convention on Mediation on Wednesday with hopes of settling trade conflicts between countries.
Forty-six United Nations ...
Asian stocks still shaky, yuan remains down
A mix of highs and lows among Asian currencies was on board Wednesday while the Chinese yuan remained down low.
Currencies on the depreciating side were Hong Kong’s Hang Seng Index with a 0.6% drop and Nikkei of Japan with a 0.4% loss.
Trump tags China as “currency manipulator”
Nowhere to go but up!
This is where the US-China trade war seems to be heading. This is after US President Donald Trump on Monday labeled China as a “currency manipulator”.
Trump expressed his thoughts via Twitter about China’s ...
US stocks record its lowest 2019 rate
US stocks Dow slid 961 points on Monday, its worst stocks rate for the entire year thus far. It was not just its lowest rate of the year; it was also its 6th lowest point drop in the stock exchange annals.
The Dow decreased to 2.9% (767 points), ...
China hits back US amid its “currency manipulator” branding
The ongoing US-China salvo heats on!
On Tuesday, Chinese media was quick to counter US President’s labeling, “currency manipulator” against them.
In a Chinese newspaper, they described US branding as something that “deliberately ...
UK retailers experience worst July in sales record history
Albeit having a 0.3% increase in retail sales turnout, the British experienced the worst July of their retail sales history.
The British Retail Consortium revealed the figures for the month of July that posted the worst month of July amidst ...
Hang Seng Index drops again, worst in 10 months
Hong Kong’s Hang Seng Index is suffering from the tensions coming from the growing US-China trade conflict and the protesters’ demonstration activities in the city.
Today, The Hang Seng Index has its lowest rate performance after ...
Chinese Yuan drops its lowest exchange rate in 10 years
The Chinese Yuan is now on a critical threshold, dropping to below 6.9225 on Monday to post its lowest rate after a decade of trade against the US Dollar.
The year 2008 was the last time since the Chinese Yuan fell below 7 to the US dollar.
HSBC CEO steps down after 18 months head stint
HSBC announced on Monday Chief Executive Officer John Flint’s resignation after 18 months in the position, saying it’s all part of the company’s effort to fight challenging global environment.
Known as the biggest bank in ...