Walmart announces pay raise for more than 565,000 employees
Sep 06, 2021 06:48 am UTC| Business Economy
Walmart will be issuing a new pay hike and around 565,000 employees will benefit from it. This just shows that even in this time of economic struggle due to the pandemic, workers can still secure more pay. John Furner,...
Philippine Airlines goes bankrupt in the US as it files for Chapter 11
Sep 06, 2021 06:08 am UTC| Business Economy
Philippine Airlines announced last weekend that it is facing hardships and needs to undergo restructuring. For this, the airline filed for Chapter 11 bankruptcy in the U.S. so it can reorganize its financial affairs and...
Hyundai Glovis gets into the gas transportation business via deal with Trafigura
Sep 06, 2021 05:51 am UTC| Business Economy
Hyundai Glovis, a logistics company headquartered in Seoul, South Korea, and a unit of the Hyundai Kia Automotive Group, signed a deal with Trafigura, a Swiss multinational commodity trading company, to enter the gas...
India to regulate cryptocurrencies as commodities based on uses
Sep 05, 2021 17:01 pm UTC| Digital Currency Economy
India is planning to regulate cryptocurrencies as commodities for purposes of taxation based on their uses and to categorize them according to the technology they utilize or on their end-use. The use cases are...
NFT sales reach all-time high $1 billion in last week of August
Sep 04, 2021 23:29 pm UTC| Digital Currency Economy
Non-fungible token (NFT) asset sales continue to break records with over $1 billion in transactions taking place in the seven days ending on August 29, according to statistics from nonfungible.com. The figure dropped to...
JP Morgan says buying frenzy makes crypto markets look 'frothy’
Sep 04, 2021 23:29 pm UTC| Digital Currency Economy
Global investment bank JP Morgan described cryptocurrency markets as looking frothy with the stock-buying frenzy spilling over into altcoins and non-fungible tokens (NFTs) and a surge in decentralized finance (defi)...
Central Bank of Brazil says it's still studying the need for 'Digital Real' currency
Sep 04, 2021 23:24 pm UTC| Digital Currency Economy
The Central Bank of Brazil (CBB) is still studying societys possible need for a central bank digital currency (CBDC), Fabio Araujo, a representative of the institution, told a Senate committee. Araujo stated that the...
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