All posts in "BUSINESS"
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‘Crystal corridor’ on top of Chinese skyscrapers will blow your mind

By ethan / February 22, 2018

Another architectural marvel is set to appear in China with the construction of a 300-meter long corridor connecting four skyscrapers in Chongqing Raffles City. The 250-meter-high “crystal corridor” will be located at Chongqing’s busiest port area, and will stretch across four tower blocks. It is expected to weigh 40,000 tons, including 12,000 tons of steel. […]

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Angry Birds game-maker hit by worst stock sell-off since going public

By ethan / February 22, 2018

Shares in Rovio Entertainment, best known for creating the ‘Angry Birds’ franchise, have plummeted. The dive wiped more than a third off the company’s stock price, after reporting lower-than-expected profits for 2018. The stock dropped nearly 40 percent during trading in Helsinki, marking the company’s worst share plunge since its initial public offering in September. […]

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British lawmakers launch inquiry into cryptocurrencies

By ethan / February 22, 2018

UK’s Treasury Committee says it wants to study digital currencies and the blockchain technology behind them to understand the risks and benefits of cryptos and their rising popularity. Read more “People are becoming increasingly aware of cryptocurrencies such as bitcoin, but they may not be aware that they are currently unregulated in the UK, and […]

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Caracas going crypto-crazy: Venezuela set to launch second digital currency

By ethan / February 22, 2018

After successfully launching the ‘petro,’ Venezuela is now on its way to becoming the world’s first country with two national cryptocurrencies, reports TV news network Globovision. The channel quotes Venezuela’s President Nicolas Maduro, who made the announcement during his meeting with members of the party Patria Para Todos (PPT). The new virtual token, dubbed ‘petro […]

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Soros investing more money to fight Big Tech 'menace'

By ethan / February 21, 2018

Billionaire investor George Soros, who has denounced tech giants Facebook and Google as a “menace” and a threat to public health, is reportedly “examining new ways” to tackle their growing power. A spokesman for his influential ‘Open Society Foundations’ told Axios it provided an $ 180,000, two-year grant to the Open Markets Institute last fall […]

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Egypt becomes biggest market for Russian goods

By ethan / February 21, 2018

Statistics from the Russian Export Center shows that Egypt has outpaced China as the largest buyer of Russian products. In 2017, the country imported Russian goods worth almost $ 1.8 billion – up 44 percent from the previous year. Read more Egypt is the world’s largest buyer of wheat due to high consumption of bread. […]

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Venezuelan state oil firm to strike deals using national cryptocurrency

By ethan / February 21, 2018

Venezuelan President Nicolas Maduro has ordered the country’s state energy company PDVSA to close some of its purchase and sale deals using the national commodity-backed digital currency ‘petro.’ The country’s oil ministry tweeted the president’s directive, which also applies to Venezuelan state-run conglomerate CVG, which is charged with economic development in the Guayana region. It […]

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