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UBS to buy Credit Suisse for $3.2 billion to avoid further bank turmoil

Mar 21, 2023 23:19 pm UTC| Economy Business Investing

Banking giant UBS is buying Credit Suisse for $3.2 billion without the approval of shareholders to prevent the latters collapse and further turmoil in global banking, according to Swiss President Alain Berset. The deal...

Digital Currency Revolution

NFT: Playboy loses $4.9M after accepting Ethereum as NFT Payments

Mar 21, 2023 10:53 am UTC| Business Digital Currency Investing

Playboy Group started accepting Ethereum for NFT purchases however, it ended up losing $4.9 million after allowing this form of payment. As of December 2022, the company is said to have a net carrying value of digital...

Digital Currency Revolution

Metaverse: Hyundai Department Store to debut its metaverse duty-free store

Mar 21, 2023 08:38 am UTC| Business Digital Currency Investing

Hyundai Department Store Duty Free (HDDFS) announced last week it had signed a memorandum of understanding (MOU) with OlimPlanet for a deal related to the metaverse business. OlimPlanet is a Seoul-based metaverse...

Digital Currency Revolution

NFT: Polygon, Salesforce team up to launch NFT Loyalty Program

Mar 21, 2023 07:20 am UTC| Business Digital Currency Investing

Polygon and Salesforce have come together to launch an NFT loyalty rewards system. The San Francisco-headquartered cloud-based software companys collaboration with a blockchain company is another one of its major...

Digital Currency Revolution

NFT: Meta terminates support for NFTs on Facebook, Instagram

Mar 17, 2023 06:58 am UTC| Business Digital Currency Investing

Meta Platforms is abandoning its NFT push, and this was confirmed by the companys head of commerce and financial technologies, Stephane Kasriel, this week via social media post. He said they are winding down digital...

Digital Currency Revolution

Metaverse: KT launches Genieverse metaverse platform in beta

Mar 15, 2023 09:01 am UTC| Business Digital Currency Investing

KT Corp. finally rolled out its metaverse platform called the Genieverse this week. The company is planning to add more content in this virtual space, like artificial intelligence (AI) motion dance and AI avatar messages,...

NFT: Nissan Motor files four trademarks for NFTs and Metaverse

Mar 14, 2023 10:05 am UTC| Business Digital Currency Investing

Nissan Motor Co. Ltd. has filed applications for four new trademarks related to the Metaverse and non-fungible tokens (NFTs). These are Web3 trademarks and trial sales in the virtual world for its Nissan brands, Nismo...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Some experts say the US economy is on the up, but here’s why voters don’t think so

Many Americans are gloomy about the economy, despite some data saying it is improving. The Economist even took this discussion to TikTok. When its US editor John Prideaux examined inflation, wage and employment numbers,...

Electric air taxis are on the way – quiet eVTOLs may be flying passengers as early as 2025

Imagine a future with nearly silent air taxis flying above traffic jams and navigating between skyscrapers and suburban droneports. Transportation arrives at the touch of your smartphone and with minimal environmental...

Electricity from farm waste: how biogas could help Malawians with no power

In sub-Saharan Africa, over 600 million people (more than 50% of the population) are without access to electricity. Malawi has one of the worlds lowest electricity access rates just 14.1% of the total population have...

High interest rates aren’t going away anytime soon – a business economist explains why

The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut. Not only will rates remain at their current level a...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

Taiwan is experiencing millions of cyberattacks every day

Taiwan stands out as a beacon of democracy, innovation and resilience in an increasingly autocratic region. But this is under growing threat. In recent years, China has used a variety of grey zone tactics to pressure...

What the Supreme Court is doing right in considering Trump’s immunity case

Following the nearly three-hour oral argument about presidential immunity in the Supreme Court on April 25, 2024, many commentators were aghast. The general theme, among legal and political experts alike, was a...

US student Gaza protests: five things that have been missed

Coverage of the recent student encampments at more than 50 universities across the United States has focused on confrontations between opposing groups of protesters or between protesters and police. The spectacle of...

Will Solomon Islands’ new leader stay close to China?

Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime...

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

OpenAI Set to Unveil Major Updates, Including Voice Assistant

The growing excitement among enthusiasts in the artificial intelligence (AI) area will climax as OpenAI releases its upcoming developments. Users have been speculating and making guesses, hoping to catch a glimpse and...

Tesla's New Battery Chief Aims for Cost Cuts in Cybertruck, Model Y

Tesla recently parted ways with officials from several areas, including public policy, powertrain, and 4680 battery facility production. Bonne Egglestons Strategy for Reducing Battery Costs Elon Musk may have thought...

Transaction Fees on Shibarium Skyrocket 267%, Stunning Shiba Inu Community

Shibarium, the Layer-2 blockchain platform dedicated to the Shiba Inu community, has recorded a staggering 267% rise in transaction fees over the past day. This surge, highlighted by data from Shibariumscan, reflects...

Rumor: Samsung's Galaxy Z Fold 6 to Feature Advanced 'Battery AI'

Recent rumors have surfaced suggesting that Samsung may integrate its revolutionary Battery AI technology into the Galaxy Z Fold 6, aiming to significantly enhance battery efficiency. Galaxy Z Fold 6: A New Benchmark in...

Surge in Used Tesla Cybertruck Market Despite High Prices

Despite a significant recall affecting nearly all vehicles and a temporary production halt, the market for used Tesla Cybertrucks is thriving. Listings on major car-buying sites have surged, reflecting robust demand for...