All posts in "BUSINESS"
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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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Cryptojacked: Hackers used Tesla’s servers to mine cryptocurrency

By ethan / February 21, 2018

Tesla has become the latest victim of cryptojacking. The company’s servers were infected with malware that mines cryptocurrencies for criminals. Read more Hackers gained access to one of Tesla’s Amazon cloud accounts and used it to run currency-mining software, researchers at security firm RedLock said. The case resembles earlier attacks on Aviva, a British multinational […]

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Venezuela raised $735mn on launch of oil-backed ‘petro’ cryptocurrency – Maduro

By ethan / February 21, 2018

Investors have purchased some $ 735 million worth of Venezuela’s oil-backed cryptocurrency on the very first day of pre-sale, according to President Nicolas Maduro, who praised it as means of breaching the US financial blockade. “Today, a cryptocurrency is being born that can take on Superman,” Maduro announced on Tuesday, referring to the US as […]

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Soldier, chef & crypto ambassador: Hollywood ace Seagal to front new digital currency

By ethan / February 20, 2018

Goateed Hollywood hardman Steven Seagal has joined the cryptocurrency revolution after agreeing to become the face of a new digital coin. Seagal, who famously played special forces soldier-turned chef Casey Ryback in both ‘Under Siege’ and ‘Under Siege 2: Dark Territory’, is to become the worldwide brand ambassador for Bitcoiin2Gen, a new cryptocurrency styling itself […]

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Singapore firm to mint Islamic cryptocurrency backed by gold

By ethan / February 20, 2018

Singapore-based fintech company HelloGold has received certification for its gold-backed virtual currency that entirely complies with Sharia law. The company has been granted permission to operate its cryptocurrency product GOLDX by Malaysia-based Islamic finance consultancy Amanie Advisors. The new digital currency was introduced by HelloGold at the end of 2017. Unlike other virtual currencies, GOLDX […]

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World’s tallest wooden skyscraper to soar 350 meters above Tokyo (VIDEO)

By ethan / February 20, 2018

Japanese company Sumitomo Forestry plans to build the world’s tallest wooden skyscraper to mark its 350th anniversary in 2041. The 70-storey building will be made of 90 percent wood. According to the company, the 350-meter tall tower, called the W350, will comprise 185,000 cubic meters of timber. It is expected to cost around 600 billion […]

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