24 Sep, 2023

IMF: Crypto assets should not be granted the status of official currency

The International Monetary Fund (IMF) has strongly recommended against granting cryptocurrencies the status of official currency or legal tender, citing the need for stringent regulations. In a report issued this month, the IMF argued that a comprehensive legal foundation – that would address both private law and financial law aspects – is essential to effectively […]

2 mins read

China announces export controls on metals used in semiconductor production

Although the United States and China are now talking more, in practice little has actually changed in the strategic picture of relations between the two powers. In anticipation of Treasury Secretary Janet Yellen’s visit to the country, Beijing announced a series of export controls on critical materials required for the production of semiconductors, which is […]

4 mins read

FTC Sue Amazon For Making It Almost Impossible To Cancel Prime Subscription

The Federal Trade Commission (FTC) has officially sued Amazon for allegedly making it extremely difficult to cancel a Prime subscription once subscribed. The service, which costs $14.99 or £8.99 a month, has supposedly used tricky tactics to hold onto users for as long as possible, making them jump through hoops to cease payments, a practice […]

2 mins read

BlackRock recruiter: Ukraine conflict is ‘f***ing good for business’

BlackRock wants the conflict in Ukraine to continue as long as possible because it is “good for business,” a recruiter for the asset management giant told an undercover reporter with Project Veritas successor, O’Keefe Media Group, in a video published on Monday. “War is really f***ing good for business,” Serge Varlay, whose since-deleted LinkedIn profile […]

3 mins read

Modelo Especial Overtakes Bud Light as Top-Selling Beer in US

Anheuser-Busch InBev’s Bud Light has lost its top spot in the US beer market to Constellation Brands’ Modelo Especial, following a backlash from conservatives over a social media promotion with transgender influencer Dylan Mulvaney. Sales of Bud Light and Budweiser dropped 24.6 percent and 9.2 percent, respectively, for the four weeks ended June 3 from […]

3 mins read