Australia’s central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signaled a steady outlook for some time to come. The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 42 analysts had found all but one expected […]
Read moreSouth Korea said on Tuesday an agreement with the United States to scrap a weight limit on its warheads would help it respond to North Korea’s nuclear and missile threat after Pyongyang conducted its sixth and largest nuclear test two days ago. South Korean officials believe more provocation from the reclusive state is possible, despite […]
Read moreChina is poised to further tighten rules on virtual currencies after regulators on Monday banned virtual coin fundraising schemes, Chinese financial news outlet Yicai reported, citing sources. China banned and deemed illegal the practice of raising funds through launches of token-based digital currencies, targeting so-called initial coin offerings (ICO) in a market that has exploded […]
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The calendar may still say “summer” but everyone else is saying “fall,” a word that takes on a whole new meaning for the market when it comes to September. In the week ahead, there’s also a world seemingly at war to think about, more on the economy and some other bits and bites to consider. […]
Read moreChina’s services sector expanded at a faster clip in August as new business orders picked up, a private business survey showed on Tuesday, pointing to renewed strength in a key part of the world’s second-largest economy. The findings were in line with an official gauge of the non-manufacturing sector published last week which also showed […]
Read moreThe Japanese government is drawing up plans to evacuate its citizens from South Korea in the event of a war, the Nikkei Asian Review reported on Tuesday. That’s no small feat, as there are about 38,000 long-term Japanese residents and another 19,000 tourists and short-terms travelers in South Korea, Nikkei added. North Korea conducted its […]
Read moreGeopolitical tensions looked set to remain in the spotlight on Tuesday after stocks stumbled and investors turned to safe haven assets on the back of North Korea’s most recent nuclear test. The U.S. on Monday called for the “strongest possible” sanctions to be imposed on North Korea a day after North Korea said it had […]
Read moreCurrency, United States Finance
Uber rival Taxify expands into Western Europe pledging cheaper fares and higher pay
Ride-sharing challenger company Taxify is expanding into Western Europe in a bid to unseat Uber and bring greater competition to the market. Taxify will launch in London at 10:00 a.m. local time on Tuesday, September 5, and will offer fares at a 50 percent discount for the rest of the month as it aims to […]
Read moreCurrency, United States Finance
Alibaba launches ‘smile to pay’ facial recognition system at KFC in China
Redefining the term “happy meal”, fast food fanatics in China now just need to flash their smiles to earn their dinner. Alibaba‘s Ant Financial has teamed up with KFC in the eastern Chinese city of Hangzhou to debut its news “smile to pay” service. The service allows customers to process their payment simply by smiling […]
Read moreWhen chemotherapy patient Allison Hailey meets with Dr. Angela Kueck at Texas Oncology in Austin, she comes prepared. That is because Hailey’s phone displays graphs, charts and logs of her medications, mood changes and physical health — courtesy of an app called ChemoWave. Since its launch on June 29, ChemoWave is giving chemotherapy patients and […]
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