“It’s a very clear picture that what these companies are selling in...
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Boeing to face civil trial over 2019 MAX crash
Boeing has "accepted responsibility for the MAX crashes publicly...
China unveils $1.4 trillion local debt package but no direct stimulus
In an apparent reaction to the U.S. election and the intensifying...
World’s largest NFT marketplace OpenSea hacked, users lost NFTs
"We are actively investigating rumours of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea's website," the NFT marketplace posted in a tweet New Delhi: World's largest NFT (non-fungible...
Singaporeans fall prey to Chinese-origin ‘pig-butchering’ crypto scam
Losses average USD 134,940 per person, based on over 400 victims surveyed by the organisation from North America, Europe, Taiwan and South-east Asia, according to the report "They were asked to pay administrative fees, security fees or taxes in order to reap profits....
ICAO enhances UN cooperation to advance counter-terrorism initiatives in international civil aviation
It is additionally expected to maximize related deliverables to Member States in a variety of areas of ICAO/UNOCT focus, including initiatives pertaining to unmanned aircraft systems (drones) and cybersecurity Montréal: Juan Carlos Salazar, Secretary...
Global Covid-19 caseload rises to 422.8 mn, fatalities at 5.88 million
The US continues to be the worst-hit country with the world's highest number of cases and deaths at 78,457,081 and 934,951, according to the CSSE The second worst hit country in terms of cases is India (42,780,235 infections and 510,905 deaths), followed by Brazil...
Nasdaq sinks into ‘Death Cross’ for first time since April 2020
“When you hear ‘death cross’ your antenna goes up,” Jay Woods, chief market strategist at DriveWealth Institutional, said in a phone interview. “It doesn’t always mean doom and gloom is coming. It just means we’ll likely be in a more extended downtrend.” With...
G20 says global corporate tax deal should go live next year
Years of negotiations culminated last October when nearly 140 countries reached a deal on a minimum tax rate of 15% on multinationals and agreed to make it harder for companies like Google, Amazon and Facebook to avoid tax by booking profits in low-tax jurisdictions...
G20 finance leaders dilute geopolitical risks reference in communique
Their statement instead said: "We will also continue to monitor major global risks, including from geopolitical tensions that are arising, and macroeconomic and financial vulnerabilities." G20 finance leaders on Friday watered down language on global economic risks...
U.S. adds e-commerce sites operated by Tencent, Alibaba to ‘notorious markets’ list
U.S. government's latest "notorious markets" list identifies 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy, said U.S. Trade Representative U.S. adds e-commerce sites...
EU files case at WTO against China over protection of patents
Brussels: Since August 2020, Chinese courts have been issuing decisions - known as "anti-suit injunctions" - to exert pressure on EU companies with high-tech patents and to prevent them from rightfully protecting their technologies, the EU said The European Union (EU)...
WHO calls for cooperation to face of common threats from Covid-19 pandemic
Tedros Adhanom Ghebreyesus,Director-General,World Health Organization Tedros recalled that 70,000 people were dying each week from a preventable and treatable disease; that 83 per cent of the population in Africa was yet to receive a single Covid-19 vaccine dose; and...