News
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Why law enforcement struggles to throttle crypto scams
The authorities in the European Union and the United States—the leaders on crypto control—have relentlessly focused on aspects of crypto crime related to terrorist financing, money laundering and sanctions busting. But there's lack of action against low-level scams and firm directions from the top brass
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Credit Suisse rescue hinges on overhaul of its investment arm
The main focus of the embattled bank's transformation plan is bound to be on the heavily risk-exposed investment banking division—which accounts for 40 percent of overall revenues—and has been haemorrhaging billions, amid speculation it could be pared back or split up
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Most Salvadorans think making Bitcoin legal tender was 'failure'
According to the poll by the University of Central America (UCA), 75.6 percent of respondents said they never used cryptocurrency in 2022, and 77 percent consider its adoption 14 months ago as legal tender, alongside the dollar, "to have been a failure"
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Netflix adds more than 2 million new subscribers
The turn-around in subscriber growth comes as Netflix is poised to debut a subscription option subsidized by ads in November across a dozen countries
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Asian chipmakers plunge after US unveils China export controls
New US measures will limit China's access to high-end semiconductors with military uses
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Green future is cause for worry in South Africa's coal belt
Coal is a bedrock of South Africa's economy, employing almost 100,000 people and accounting for 80 percent of electricity production. But the sector's future is uncertain, as Africa's most industrialised economy looks to wean itself off the carbon-emitting fuel in line with global efforts to tackle climate change
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Netflix to debut subscription with ads
The new "Basic with Ads" subscriptions will be priced at $6.99 in the United States—three dollars less than a no-ads basic option, Netflix chief operating officer Greg Peters said in a briefing
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Brazil judge fines Apple $20 million over chargerless iPhones
The decision, which can be appealed, came after Brazil's justice ministry slapped a separate fine of nearly $2.5 million on Apple in September over the same issue and barred the US tech giant from selling its iPhone 12 and 13 models without chargers
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Meta working to speed up metaverse, but success far from certain
Analysts say Facebook and Instagram's parent company has toned down the hype a bit as it struggles to reach its goal of creating an interactive virtual world that it sees as the next phase of online activity
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Neeraj Chopra wins CNN-News18's Indian of the Year award
Ranveer Singh, Sania Mirza, Sonu Sood and Yogi Adityanath, among others who were honoured
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Microsoft avoids paying tax in many countries: study
In many cases, Microsoft has paid zero tax in recent years by moving profits to companies tax-domiciled in Bermuda and other well-known tax havens while it continues to receive taxpayer money