China’s crackdown on Jack Ma’s empire is far from over: The country’s regulators have ordered the Ma-founded Alibaba affiliate Ant Group to scale down its business. In particular, they’ve ordered the company to “return to its origins” as a payment provider. Ant...
In addition, the FAA is also requiring remote identification for most drones in order to address security concerns.
“The new rules make way for the further integration of drones into our airspace by addressing safety and security concerns,” FAA...
Asian shares rose on Tuesday, with Japanese stocks hitting a 30-year high, as investor risk was encouraged by a Brexit trade deal and hopes a long-awaited U.S. pandemic relief package will be expanded.
MSCI’s broadest index of Asia-Pacific shares...
The election of Joe Biden will not end the U.S.-China trade war. Biden has already vowed to keep outgoing President Donald Trump’s tariffs as leverage for negotiations. That signals the dawn of a permanent new era of economic competition between the two...
Two months ago, global investors including Warburg Pincus, Carlyle, Temasek and GIC were on the cusp of a massive windfall from what would have been the world’s largest initial public offering.
Now, returns on the hundreds of millions of...
Facebook is closing some of the companies that were key to its Irish tax havens. The Sunday Times and The Guardian report that Facebook is winding down three Ireland holding companies and moving their intellectual property to the US, increasing the company’s...
European markets are set to creep higher at the start of the last trading week of 2020, as traders react to Brexit developments and as President Donald Trump signed a $900 billion Covid-19 relief bill into law.
The U.K....
Treasury traders are buzzing about 1% yields again, with all eyes on whether a massive slate of auctions next week and two key U.S. Senate runoff elections in early January could get them there.
Rates on 10-year notes got...
Mega Millions players can let the daydreaming continue.
With no one hitting all six numbers drawn Friday, the jackpot has jumped to an estimated $376 million. And Powerball, with the next drawing set for Saturday...
$26k! Bitcoin's got a new all-time high, even higher than this afternoon's all-time high, this morning's, yesterday's and those broadcast in our countless other 'all-time high' articles over the past few months, each of which Decrypt, perhaps out of cynicism, thought could...
