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Sun, May 05, 2024 03:46 PM All times are UTC

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Shell is paying $111M for oil spill in Nigeria that happened 50 years ago

Aug 13, 2021 06:10 am UTC| Business Economy

Shell or the Royal Dutch Shell plc, a British-Dutch oil, and gas company headquartered in The Hague, Netherlands, is set to pay $111 million or around 80 million for the oil spill that happened 50 years ago, in the...

S. Korea signs 2.3 trillion won currency swap deal with Turkey

Aug 12, 2021 23:53 pm UTC| Economy Business

South Korea and Turkey have signed a three-year currency swap agreement for 2.3 trillion won to boost trade between them. The agreement was signed by the Bank of Korea and the Central Bank of the Republic of...

Hyundai Heavy developing AI systems in efforts to transform as platform for vessels

Aug 12, 2021 23:53 pm UTC| Economy Technology

Hyundai Heavy Industries Group will offer AI-powered smart ship and vessel lifecycle solutions that can analyze big data on operations and components for more efficient and safer navigation as it transforms into a global...

S. Korea's online food transactions up 45% in H1 amid pandemic

Aug 12, 2021 23:52 pm UTC| Economy Business

South Koreas online food transactions jumped 45.5 percent on-year to 27.8 trillion won in the first half to post the largest half-year tally, surpassing the previous record of 24.1 trillion won from the second half of...

Alchemy Pay to roll-out cryptocurrency cards in collaboration with Visa, Mastercard

Aug 12, 2021 23:52 pm UTC| Digital Currency Economy

Alchemy will roll out cryptocurrency cards allowing users to pay through both Visa and MasterCard networks seamlessly and use them on eBay and Amazon. The setup will support above 40 cryptocurrencies like Bitcoin with...

Visa inks deal for crypto service providers to use its cards

Aug 12, 2021 23:46 pm UTC| Digital Currency Economy

Visa inked three partnership deals for crypto service providers Tala, FTX, and CoinZoom to offer its cards, according to its CEO and Chairman Al Kelly. The deals would also address the complicated regulatory policies...

Blockchain Australia seeking to change govt's poor perception of industry

Aug 12, 2021 23:41 pm UTC| Digital Currency Economy

Blockchain Australia laments that the Australian government is judging the industry through malicious scammers and actors whore tarnishing its image and wants authorities to engage with the industry to develop regulations...

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Economy

Nigerians throw naira notes around to show love: but it could land you in jail

The legal implication of physically damaging the naira, Nigerias currency, came into focus recently with the prosecution of at least two celebrities by the countrys Economic and Financial Crimes Commission. Nigeria has a...

The US is one of the least trade-oriented countries in the world – despite laying the groundwork for today’s globalized system

Given the spate of news about international trade lately, Americans might be surprised to learn that the U.S. isnt very dependent on it. Indeed, looking at trade as a percentage of gross domestic product a metric...

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Politics

Sudan’s civil war is rooted in its historical favouritism of Arab and Islamic identity

The current civil war in Sudan goes beyond a simple power struggle between two generals. It reflects a deep-rooted crisis within the countrys governing structure thats been present since it gained independence from the...

South Africa’s youth are a generation lost under democracy – study

South African president Cyril Ramaphosa recently painted a rosy picture in which the countrys youth democracys children had enormous opportunities for advancement, all thanks to successive post-apartheid governments led...

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2. One poll we commissioned as part of our...

The politics stopping the UK from opening a youth mobility scheme with Europe

Earlier this week, it seemed possible that young people in the UK might soon be able to travel freely to work and live in Europe again. The European Commission laid out proposals to open mobility to millions of 18- to...

Biden administration tells employers to stop shackling workers with ‘noncompete agreements’

Most American workers are hired at will: Employers owe their employees nothing in the relationship except earned wages, and employees are at liberty to quit at their option. As the rule is generally stated, either party...

Science

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Technology

Huawei's Covert U.S. Funding Scheme Raises Eyebrows Amid Export Ban

The revelation of Huaweis discreet sponsorship of U.S. research through a Washington-based foundation has reignited concerns about the efficacy of the export ban. Despite regulatory hurdles, the tech giant managed to fund...

Crypto.com's F1 Sponsorship Expansion Sparks Global Visibility Drive

Crypto.com, one of the top exchanges in the digital currency ecosystem, is set to expand its sporting ad budget. Notably, the trading platform is looking to expand its dominance in its push for global...

Stablecoins Set to Overtake Visa, Ripple CEO Affirms XRP and ETH Not Securities

Stablecoins are poised to challenge Visas dominance in payment volume, marking a significant shift in the crypto landscape. Meanwhile, Ripple CEO Brad Garlinghouse asserts that XRP and Ethereum (ETH) are not securities,...

Justin Sun Dominates Swell L2 with 46% of Deposits in eETH

Justin Sun, founder of Tron, has again surged into the limelight, this time for his colossal cryptocurrency deposits. The crypto tycoon, utilizing the pseudonymous address 0x7a9…3095, recently funneled a staggering...

Leaked: New Huawei Luxeed SUV Images Fuel Anticipation for Tech Upgrades

Recently leaked photos allegedly showcasing the Huawei Luxeed SUV have ignited speculation over the vehicles advanced features and smart technology, potentially setting a new benchmark in the automotive...