ZURICH: Switzerland's central bank has successfully tested using digital money to settle large scale transactions between financial institutions, it said on Thursday, but has not decided whether to issue its own digital currency. The experiment, known as Project Helvetia, was run by the Swiss ...
SINGAPORE: The CEO of Singapore ride-hailing company Grab told employees in an internal note on Thursday (Dec 3) that the firm is in a position to make acquisitions, following a report it is close to a merger with regional rival Gojek. The two firms have made substantial progress in talks...
NEW DELHI: PhonePe, the digital payments unit of Walmart's Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for US$700 million, helping it fuel growth in a crowded market that includes Google and Amazon . PhonePe's fundraising, from Flipkart ...
WASHINGTON: The United States will block imports of cotton it says are harvested with "slave labour" in China's Xinjiang region, authorities have announced. Beijing has come under intense international criticism over its policies in the resource-rich territory, where rights groups say as many as ...
American Airlines' maintenance team is scrambling to complete safety changes to its fleet of Boeing 737 MAX jets ahead of a phased return to service, while deliveries of new jets are set to begin as early as this week.
China's Chang'e-5 lunar vehicle has finished collecting samples of lunar rocks and soil more than a day ahead of schedule in the first lunar sample retrieval mission since the 1970s, the country's space agency said on Thursday.
China will keep temporary anti-dumping duties on wine imports from Australia for up to four months, but could extend them to nine months in special circumstances, the commerce ministry said on Thursday.
ZURICH: Nestle said on Thursday (Dec 3) it plans to invest 3.2 billion Swiss francs (US$3.58 billion) over the next five years to reduce its climate impact and help it get to net zero emissions by 2050. The world's biggest food company said it would work with farmers and...
Walmart Inc-controlled Indian e-commerce firm Flipkart said on Thursday it was partially spinning off PhonePe in a move aimed at widening the digital payments platform's access to capital to fuel its growth.
Bitcoin has grabbed headlines this week with its dizzying ascent to an all-time high. Yet, under the radar, a trend has been playing out that could change the face of the cryptocurrency market: a massive flow of coin to North America from East Asia.
