Japan’s financial regulator said on Monday it would inspect all cryptocurrency exchanges and ordered Coincheck to get its act together after hackers stole $530 million worth of digital money from its exchange in one of the biggest cyber heists on record. The theft highlights the vulnerabilities in trading an asset that global policymakers are struggling […]
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Apple is about to halve its first-quarter iPhone X production target
Apple has notified suppliers that it will halve its iPhone X production target for the first quarter to around 20 million units, Nikkei reported on Monday without citing a source. The cut was prompted by slower-than-expected sales in the holiday shopping season in Europe, the United States, and China, Nikkei reported. The report added that […]
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France's Sanofi buys Ablynx for $4.8 billion in biotech mergers and acquisitions boom
French drugmaker Sanofi has agreed to buy Belgian biotech company Ablynx for 3.9 billion euros ($4.8 billion), beating Novo Nordisk and marking its second big deal this month after buying Bioverativ. The deal is a further sign of accelerating mergers and acquisition (M&A) activity in the global biotech sector and comes after Ablynx rejected a […]
Read moreIndia on Monday forecast its economic growth would accelerate to 7 to 7.5 percent in the 2018/19 fiscal year, to once again become the world’s fastest-growing major economy. The government’s economic survey, presented to parliament on Monday went on to say that though the plan has been to reduce the fiscal deficit from an estimated […]
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'Sunbed wars' between tourists could be history as pre-booking system is launched
That moment when you’re on vacation and go down to the hotel pool to find towels placed on every sunbed could soon become a thing of the past with a the launch of a pre-booking scheme for sun loungers. British travel giant Thomas Cook announced Monday that it was launching a service that allows customers […]
Read moreFacebook is overseeing a transparency drive ahead of the introduction of stringent data protection rules in the European Union (EU). As global tech behemoths scramble to prepare for the impact of looming EU data privacy regulations, Facebook announced Sunday that it had published its so-called privacy principles for the first time. The privacy controls detail […]
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Traditional market trends are broken and it’ll only get worse, strategist warns
Traditional correlations in global financial markets have become so broken that this fragmentation has become a new normal for investors, a strategist told CNBC Monday. This year has seen bond yields creep higher once more on expectations of higher interest rates and a pickup in inflation. But equity markets have also risen, meaning that the […]
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Freed Saudi billionaire Prince Alwaleed says corruption detention was a 'misunderstanding'
Saudi Arabian billionaire businessman Prince Alwaleed bin Talal has been freed after a high-profile detention during a crackdown on corruption, describing his arrest as a “misunderstanding.” Speaking to Reuters just ahead of his release Saturday, Alwaleed said that there were no charges against him following his arrest as part of a nationwide crackdown on corruption […]
Read moreGoogle has made an investment in Indonesian ride-hailing start-up Go-Jek. The move is part of Google’s ambition to grow Indonesia’s digital economy and start-up scene, the tech giant said in a statement Monday. “Go-Jek is led by a strong Indonesian management team and has a proven track record of using technology to make life more […]
Read moreA free mobile game about a traveling frog has become a hit in China, despite being available only in Japanese. Called “Tabikaeru: Travel Frog,” the main protagonist of the game is a frog that goes on adventures around Japan. Players collect clovers that grow in the frog’s garden so they can buy supplies for the […]
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