Melania Trump launched her own cryptocurrency Sunday on the eve of her husband’s presidential inauguration, and just a day after his own coin was launched. The moves are raising ethical concerns among crypto industry observers. U.S. president could gain billions from his strong support of crypto, analysts say. Melania Trump …
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Korea central bank slashes 2025 growth
The Bank of Korea in Seoul / Korea Times file SEOUL — South Korea’s central bank said Monday it had slashed its 2025 growth forecast because of the political crisis triggered by President Yoon Suk Yeol’s declaration of martial law last month. Yoon briefly suspended civilian rule on Dec. 3, …
Read More »EU reopens trade talks with Malaysia as Trump threat looms
Photo Credit: thestandard.com.hk BRUSSELS — The European Union and Malaysia announced Monday that they were restarting negotiations for a free trade deal, with the bloc looking to strengthen trade ties around the world as US President-elect Donald Trump assumes office. Trump’s threats of high tariffs on imports have rattled EU …
Read More »Supreme Court: Banks can’t arbitrarily refuse borrower payments
This file photo shows the seal of the Supreme Court (Philstar.com / EC Toledo) MANILA, Philippines — The Supreme Court has ruled that banks cannot unreasonably refuse payments from borrowers, as doing so may result in higher interest rates and additional fees for the borrowers. In a 21-page decision promulgated …
Read More »CREC fast-tracks nine solar projects this year, aims for 1-GW annual capacity
Citicore Renewable Energy Corporation (CREC) announced it will launch nine solar projects in Batangas, Pampanga, Pangasinan, and Quezon Province this year, aiming to achieve one gigawatt (GW) of capacity annually. CREC President and CEO Oliver Tan shared in a briefing that the first of these projects will come online in …
Read More »Startup seeks merger with US TikTok unit
US search engine startup Perplexity AI submitted a bid on Saturday to TikTok’s Chinese parent ByteDance for Perplexity to merge with TikTok US, a source familiar with the company’s plans told Reuters. CNBC first reported the offer. Perplexity would merge with TikTok US and create a new entity by combining …
Read More »TikTok stops working for U.S. users
TikTok stopped working in the United States late on Saturday and disappeared from Apple and Google app stores ahead of a law that takes effect Sunday requiring the shutdown of the app used by 170 million Americans. The app posted a notice to users trying to use it around 10:45 …
Read More »Foreign digital firms in PH only have 4 months left to comply with new VAT law
Left shows an illustration picture taken on May 27, 2020 in Paris showing the logo of the US video on demand application Disney+ on the screen of a phone. Right shows a photo illustration of a computer screen and mobile phone displaying the Netflix logo on March 31, 2020 in …
Read More »Apple pulls AI-generated news summaries after feature repeatedly produced inaccurate headlines
Apple is pulling a feature that uses artificial intelligence to produce summaries of news stories after it repeatedly sent out error-ridden headlines, drawing the ire of news organizations like the BBC and the Washington Post. Feature attributed wrong headlines to news organizations like BBC, Washington Post. Apple is pulling a …
Read More »US firms are concerned about Trump tariff – Fed
FILE – President-elect Donald Trump speaks at meeting of the House GOP conference, Nov. 13, 2024, in Washington. (AP Photo/Alex Brandon, File) WASHINGTON, D.C. — US businesses across the country are concerned about the economic impact of President-elect Donald Trump’s proposals to raise tariffs and sharply curtail immigration, the Federal …
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