Thai crypto exchange Bitkub turns unicorn after banking giant buys stake

BANGKOK (BLOOMBERG) – Bitkub Online became Thailand’s latest start-up to notch up a valuation of more than US$1 billion (S$1.35 billion) after it sold a majority stake to the nation’s biggest bank by market value. Bitkub’s coin tripled in value after the deal was announced. Siam Commercial Bank (SCB), in

CDC issues new eviction ban for most of US through Oct. 3 – The Denver Post

By JOSH BOAK, LISA MASCARO and JONATHAN LEMIRE WASHINGTON (AP) — The Centers for Disease Control and Prevention on Tuesday issued a new moratorium on evictions that would last until October 3, as the Biden administration sought to quell intensifying criticism that it was allowing vulnerable renters to lose their

Sausage ban ‘nonsensical’, UK tells Brussels ahead of Northern Ireland talks

Environment Secretary George Eustice has described a ban on exporting sausages and processed meats from Great Britain to Northern Ireland agreed as part of the Brexit process as “nonsensical”. Under the terms of the Northern Ireland Protocol a ban will come into force if the UK and EU cannot agree

Hedge fund fallout wipes over $9 billion from market value of Credit Suisse, Nomura

LONDON (Reuters) – Shares in Nomura and Credit Suisse fell further on Wednesday, with a collective $9 billion wiped off their market value so far this week as the banks braced for big losses from the blow-up of U.S.-based hedge fund Archegos Capital.Slideshow ( 2 images )Credit Suisse and Nomura

Italy's Cerved in advanced talks to clinch debt collection arm deal: sources

MILAN (Reuters) – Italian credit group Cerved is in advanced talks with U.S. investment firm Centerbridge to clinch the long-awaited sale of its debt collection arm which is valued at about 400 million euros ($476.68 million), two sources told Reuters.FILE PHOTO: The new 100 euro banknote is seen in the

Trading app may curb Bitcoin buying this weekend if market goes wild

NEW YORK (BLOOMBERG) – Retail investing platform eToro is fielding so much demand for Bitcoin and other cryptocurrencies that it warned customers they may encounter “possible limitations” filling orders. “The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support buy orders over the weekend,”

Wall Street executives fret as U.S. presidential election is too close to call

NEW YORK (Reuters) – Wall Street and financial industry executives urged caution on Tuesday evening as no clear winner emerged in the hours after polls closed in the 2020 U.S. presidential election, threatening a drawn-out count that keeps markets and businesses hanging.FILE PHOTO: A Wall Street sign is seen outside

‘Super-spreading’: Karaoke must be banned in Canada amid coronavirus, experts say

Quebec on Friday announced it’s set to ban karaoke across the province after a Quebec City singing bar was linked to dozens of coronavirus infections last week. The province said in a press release that karaoke has several risk factors during the pandemic, including: “the projection of respiratory droplets when

Outrage after black people banned from McDonald’s branch in China

McDonald’s has apologised after black people were banned from entering a branch of the fast food restaurant in China. Footage posted on social media showed a man holding a sign which said black people were barred from the branch in Guangzhou, and they should notify the police for medical isolation.