A senior Chinese diplomat will visit North Korea from Friday as a special envoy of Chinese President Xi Jinping, the government announced on Wednesday, amid continued tensions over Pyongyang’s nuclear and missile programs. China has repeatedly pushed for a diplomatic solution to the crisis, but in recent months has had only limited high-level exchanges with […]
Read moreSoutheast Asia’s largest economy faces a major obstacle to going cashless: The majority of its citizens don’t have bank accounts, which means they generally rely on cash for transactions. But one of Indonesia’s start-ups says it’s confident of further catalyzing the adoption of e-payment systems in the country. Go-Jek, a tech “unicorn” reportedly valued at […]
Read moreRussian cyber operatives have attacked Britain’s media, telecommunications and energy sectors over the past year, according to prepared remarks by the head of the government’s main cyber defense agency. Ciaran Martin, chief executive of the National Cyber Security Centre (NCSC), declined to provide any details on the attacks in a speech scheduled for Wednesday in […]
Read moreJapan’s economy shrugged off a consumer spending dip in the third quarter to post the longest period of uninterrupted growth in more than a decade, showing strong fundamentals. The economy expanded at a 1.4 percent annualized rate in July-September on strong exports and slightly above the median estimate for annualized growth of 1.3 percent. That […]
Read moreOne of Asia’s largest banks is of the opinion that bitcoin is currently a financial scam. “We see bitcoin as a bit of a ponzi scheme,” David Gledhill, group chief information officer and head of group technology and operations at DBS, told CNBC on Wednesday. Bitcoin transactions are “incredibly expensive” and “all the fees are […]
Read moreThe cautious sentiment in Asia seen during the Tuesday session continued through the U.S. trading day, with stocks slipping stateside and oil falling nearly 2 percent in the last session. In contrast to a slew of Chinese data points missing forecasts on Tuesday, economic reports released overnight in Europe was more upbeat. The 0.8 percent […]
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