Bitcoin becomes legal tender in El Salvador

El Salvador has become the first country to accept Bitcoin as legal tender in a move that has got the nation and the world debating the opportunities and dangers of cryptocurrency. From today, businesses will be obliged where possible to accept the…

Delta variant threatens to slow the jobs recovery in the U.S.

The US jobs recovery is about to get a reality check. It was a strong summer, with nearly 2.5 million jobs added back between May and July even as the Delta variant started to increase Covid-19 infections — but economists are now growing cautious…

US Fed on track to slow aid for its economy

The US Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday (Aug 27), signalling the beginning of the end of the Fed's extraordinary response to the…

China plans to ban overseas IPOs for tech firms with data security risks -source

Aug 27 (Reuters) - China is framing rules to ban internet companies whose data poses potential security risks from listing outside the country, including in the United States, according to a person familiar with the matter. The ban is also expected…

Hackers steal nearly $100m in Japan crypto heist

Leading Japanese cryptocurrency exchange Liquid has been hit by hackers, with almost $100m (£73m) estimated to have been stolen. The company announced that some of its digital currency wallets have been "compromised." It is the second major theft of…

Crypto hacker offered reward after $600m heist

A hacker who stole just over $600m (£433m) worth of cryptocurrency was offered $500,000 and immunity as a reward for returning the money. Poly Network made the controversial offer after the hacker pledged to send back the money. The attack was…

White House urges action on oil as gasoline prices rise

The world's top oil producers must do more to help quell rising fuel prices or it could threaten the global recovery, the White House has said. It said the price of oil was now higher than before the pandemic, leading to a spike in prices at the…

Shares slide after China brands online games ‘electronic drugs’

Shares in two of China's biggest online gaming firms have slipped after a state media outlet called them "electronic drugs". Tencent and NetEase shares fell more than 10% in early Hong Kong trade before regaining some of those losses.Investors are…

International cruises from UK to restart

International cruises will be able to start again from England from Monday 2 August after a 16-month break. People arriving at UK ports who have been fully vaccinated in the US and the EU will also not have to quarantine, the UK government said.…

Tokyo Olympics opening draws 16.7 million U.S. TV viewers, a 33-year low

July 24 (Reuters) - NBC's broadcast of the Tokyo Olympic Games opening ceremony drew 16.7 million viewers, the smallest U.S. television audience for the event in the past 33 years, according to preliminary data from Comcast-owned(CMCSA.O)…