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SINGAPORE, Singapore (AFP) — Bitcoin broke above the $10,000 mark for the first time on Wednesday as the virtual currency continued a stratospheric rise that has seen it increase more than tenfold this year. The cryptocurrency surged to a high of $10,059 in early Asian hours, according to Bloomberg News, though the recent surge in the volatile unit has fuelled fears of a bubble. Launched in 2009 as a bit of encrypted software written by someone […]
OUAGADOUGOU, Burkina Faso (AFP) — France is setting up a billion-euro ($1.2 billion) fund for small- and medium-sized African businesses, President Emmanuel Macron announced Tuesday. Macron, visiting Burkina Faso at the start of his first African tour, said the money could be used to help firms maximise value from agriculture, but also the digital sector. The money will be provided by the France’s Public Investment Bank, which offers firms tailored funding, and the French Development Agency. Macron […]
The Asian Development Bank has approved the $300 million grant-loan of the Philippines on its road corridor project. The loan will be used by the government in its infrastructure projects as part of the “Build, Build, Build” program of the Duterte administration. The grant assistance of the ADB aims to help the government finance infrastructure, implement, and manage public works projects, and strengthen the framework for public-private partnerships. “As such, increasing the size, liquidity and […]
SAN FRANCISCO, United States (AFP) o– Amazon founder Jeff Bezos was a $100-billion man on Monday as the online retail colossus raked in cash from the holiday weekend’s cyber shopping spree. Forbes magazine’s real-time ranking of the richest people had Bezos on top, with a personal net worth of $100.3 billion. Microsoft co-founder Bill Gates saw his net worth climb to a dizzying $89.4 billion but was relegated to being the second most affluent person […]
By Daphne Rousseau Agence France Presse BERLIN, Germany (AFP) — From raising $30 million in 30 seconds to being endorsed by Paris Hilton or vanishing into thin air: anything is possible in the risky new world of cryptocurrency fundraising, but regulators are lurking. Bypassing oversight of any kind, Initial Coin Offerings (ICOs) have sprung from nowhere to become a hugely popular way for start-ups to raise funds online, offering self-created digital “tokens” or coins […]
HONG KONG, China (AFP) — Asian markets fell Monday after last week’s volatility, but the euro held gains following healthy economic data and on hopes German Chancellor Angela Merkel is close to forming a government. Investors ignored another strong lead from Wall Street, where the S&P 500 and Nasdaq chalked up fresh records on optimism for strong sales on Black Friday and Cyber Monday — the two major post-Thanksgiving shopping days. With little to drive […]
Ibinunyag ng isang dating tauhan ni Lucio Tan na may tax deficiencies o hindi pa nababayarang buwis ang bilyonaryo. Aabot daw sa mahigit isang trilyong piso ang kailangang bayaran ng negosyante sa pamahalaan.
SYDNEY, Australia (AFP) — Entrepreneur Elon Musk has won a US$50 million bet by beating a 100-day deadline for building a giant battery to help South Australia avoid energy blackouts, officials said. State Premier Jay Weatherill said testing of the massive lithium ion battery would begin within days, ahead of the December 1 deadline Musk set for himself when he signed off on the project earlier this year. Musk had pledged to build the battery […]
HELSINKI, Finland (AFP) — Finland’s Rovio Entertainment, creator of the popular smartphone game Angry Birds, on Thursday posted a loss for the third quarter despite rising sales, as it increased its investments with a view to boost its winnings in future. Sales reached 70.7 million euros (nearly $84 million) in the third quarter compared to 50 million the previous year, but year-on-year the company lost 800,000 euros. Rovio posted a profit of 3.9 million euros […]
JAKARTA and MAKASSAR, South Sulawesi Province, Indonesia (Reuters) — Jakarta food and beverages retailer Ong Tek Tjan sells ice cream in cups his customers can eat afterwards, instead of throwing them away. The cups are made from seaweed and taste like jelly, in flavors from peppermint to green tea. Indonesian start-up Evoware, which makes the cups, as well as other containers, from farmed seaweed free of chemicals, is relying on its biodegradable alternative to plastic […]
SINGAPORE, Singapore (AFP) — Singapore’s economy beat expectations to grow at its fastest pace in nearly four years during the third quarter, data showed Thursday, boosted by a surge in global demand that has buoyed Asia in the face of brewing protectionist fears. The forecast-beating performance for the island-state follows similarly strong readings from the Philippines, Malaysia, Thailand, South Korea and Taiwan, all of which have benefited from a pick-up in world trade. The trade […]
HONG KONG, China (AFP) — The dollar struggled Thursday in Asia following the previous day’s losses as dovish Federal Reserve minutes rowed back expectations for US interest rate hikes. While board members at the US central bank will likely lift borrowing costs next month, official records of their October meeting indicate some are increasingly concerned about persistently low inflation as well as high equity prices. The release of the minutes came after data showing a […]
