Markets

LONDON: Bitcoin jumped more than 15 per cent on Monday (Feb 8) to a record high after Tesla said it had invested US$1.5 billion in the most popular cryptocurrency last month. The news sent Bitcoin soaring as high as US$44,525.29 around 9.30pm Singapore time, before cooling slightly, according to...

Bitcoin jumped more than 10per cent on Monday to a record high after Tesla said it had invested US$1.5 billion in the most popular cryptocurrency last month.

Shares of videogame retailer GameStop Corp jumped 11 per cent in early deals on Monday even as recent social media-hyped trading hysteria in other stocks appeared to be fizzling out.

Tesla has invested about US$1.5 billion in bitcoin, and expects to begin accepting the electronic currency as payment for its cars.

Chinese government officials have met representatives from U.S. electric carmaker Tesla Inc over reports from consumers about battery fires, unexpected acceleration and failures in over-the-air software updates, according to a Chinese regulator.

Tesla Inc boss and billionaire entrepreneur Elon Musk is offering a US$100 million prize in a four-year global competition to find a way of reducing carbon dioxide from the Earth's atmosphere.

PORTLAND, Maine: America's lobster exporters recovered from the Trump-era trade war with China to have a good 2020. But the industry is approaching one of the most critical times of the year with trepidation because of the coronavirus. Chinese New Year is typically one of the busiest parts of...

Asian shares hovered near record highs on Monday while oil edged closer to US$60 a barrel on hopes a US$1.9 trillion COVID-19 aid package will be passed by U.S. lawmakers as soon as this month just as coronavirus vaccines are being rolled out globally.

For Cleanne Brito Machado, like millions of people in developing countries around the world, shopping for staple foods such as rice, beans, oil or potatoes now means making hard choices.

TOKYO: SoftBank Group on Monday (Feb 8) said net profit rocketed to US$11.1 billion in the third quarter as stock rallies and asset sales helped it solidify its recovery. Net profit for October-December hit 1,171.9 billion yen, more than 21 times higher than the 55.0 billion yen reported a...