Markets

Square Inc is considering making a hardware wallet for bitcoin, the fintech company's chief executive officer, Jack Dorsey, said in a tweet https://twitter.com/jack/status/1400839179513339905 on Friday.

BRUSSELS/LONDON :Europe and Britain launched formal antitrust investigations into Facebook on Friday to determine if the world's largest social network was using customer data to unfairly compete with advertisers, in a new assault on its business model.

BANGKOK: Thailand will go ahead with a plan next month to reopen to vaccinated foreign visitors starting with its most popular resort island Phuket, as it tries to revive tourism while battling its biggest coronavirus outbreak so far. The plan was approved by the government's economic task ...

SHANGHAI: China's financial hub Shanghai will hold a lottery over the weekend giving residents the chance to win electronic "red packets" worth nearly 20 million yuan (US$3 million) combined, as the country accelerates its testing of the digital yuan. Shanghai's announcement that it will ...

BRUSSELS: The EU and the UK launched parallel competition probes on Friday (Jun 4) against Facebook, accused of using data from advertisers to unfairly dominate the online classifieds market. The US social media behemoth sells classified advertising on its Marketplace service, but also gathers ...

KUALA LUMPUR: Malaysian oil and gas exploration and production company Hibiscus Petroleum Bhd has acquired Spanish energy major Repsol Exploración, S.A.'s upstream assets in Malaysia and Vietnam for a cash consideration of US$212.5 million, it said in a stock exchange filing on Friday. The ...

Germany's competition authority is investigating Alphabet Inc's Google News Showcase, a platform which makes news available on the tech giant's news website, it said on Friday.

HONG KONG: A former top UBS banker in Hong Kong, Cai Hongping, has had a five-year ban from the financial industry for misconduct on an initial public offering overturned after a review, the city's Securities and Futures Commission (SFC) said on Friday. In 2019 the SFC, in the culmination...

President Joe Biden's strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials.

FBI Director Christopher Wray told the Wall Street Journal that the agency is investigating about 100 different types of ransomware, many of which trace back to actors in Russia.