China‘s ride-hailing giant Didi Chuxing has raised over $4 billion in its latest round of funding, the company said on Thursday, posing a challenge to its U.S. rival Uber in its efforts to branch out overseas. The latest investment values Didi at over $50 billion, according to Reuters, and equips it with the cash needed […]
Read moreWhen it comes to territorial disputes in Asia, the South China Sea typically commands the bulk of attention. But the East China Sea, a lesser-known hotbed of tensions, might be more likely to trigger an international conflict. “Despite the lower profile, the dispute in the East China Sea may carry greater risk of drawing the […]
Read moreThe Bank of Japan said Thursday it is holding its monetary policy steady. The central bank said it is maintaining its short-term interest rate at minus 0.1 percent and the target for the 10-year government bond yield at zero percent. BOJ Governor Haruhiko Kuroda will hold a news conference at 3:30 p.m. local time (0630 […]
Read moreSouth Korean troops reportedly fired warning shots as North Korean troops searched for a suspected defector along the heavily-militarized ceasefire line between the two countries, Reuters reported Thursday, citing South Korea’s Yonhap news agency. In mid-November, a soldier from the North was shot multiple times after running across the demilitarized zone that separates North and […]
Read moreFacebook says employment ads that target younger users are not discriminatory if they’re part of a broader recruitment campaign aimed at multiple age groups. In a post written by Rob Goldman, the company’s vice president of ads, Facebook hit back at a report published jointly by the New York Times and ProPublica, a public interest […]
Read moreAn outspoken proponent of the bitcoin offshoot, bitcoin cash, said investors may want to keep their holdings on an exchange right now. Roger Ver, CEO of Bitcoin.com, said Wednesday on CNBC’s “Fast Money” that “bitcoin miners” may shift their processing power over to bitcoin cash if the offshoot becomes popular enough. As a result, “you […]
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