The UK government is to review a £4.2bn foreign takeover of a key part of the country’s gas infrastructure amid increased concerns about energy security. The sale of a 60 per cent stake in National Grid’s gas transmission business to an international consortium led by Australia’s Macquarie, the world’s largest infrastructure investor, is to be
Blockchain technology has spawned many applications over the past few years, the most popular being cryptocurrencies. It has also facilitated the creation of many decentralized, secure and transparent marketplaces in the digital economy. Offering far more trust since all transactions are immutably recorded on the blockchain, this technology has been well supplemented by the smart
It was a perfect first date. It started with a trip to an amusement park nestled in an alpine valley, where colorful roller coasters wound through the trees. Then the couple played a round of miniature golf before topping the night off with a shared bucket of popcorn at a movie theater. And it all
After meeting the leaders of Ivory Coast and Senegal in July, the CEO of the cryptocurrency Binance, Changpeng Zhao, revealed in a tweet that he had recently met the President of the Central African Republic (CAR). Some of the topics discussed by the two were focused on “education, investments and crypto adoption in the Central
An Israeli air strike has killed a senior figure in the militant group Palestinian Islamic Jihad, amid the most serious flare-up in hostilities between Israel and militants in the Gaza Strip for more than a year. Over the past three days, Israeli forces have repeatedly bombed sites in Gaza — an impoverished stretch of land
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Tongtong Bee, co-founder of Panony — an incubator, investor and adviser for blockchain and Web3 business. I’m Tongtong Bee,
In this article ARCB ABNB CRUS PINS MPWR The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. Charles Platiau | Reuters Economic data and earnings reports have been dictating the pace of the market as investors search for hints on
Firefighters pull up to a burning house during the Kincade fire in Healdsburg, California, on Oct. 27, 2019. Josh Edelson | Afp | Getty Images As climate change threatens the U.S. with more natural disasters, it’s becoming increasingly costly for Americans to insure their homes — and it’s only expected to get worse, according to
The peaceful pro-democracy protests that swept through Belarus in August 2020 evoked memories of Solidarity, the mass movement that had arisen in neighbouring Poland 40 years earlier. The focus of discontent was identical: a repressive regime, aligned with Moscow, that mistreated citizens and brought shame on the nation. Even the patriotic colours on display in
The Isle of Sheppey on the Thames estuary is ranked among the most deprived areas of Britain and like millions of people living on low incomes, its residents are grappling with the rising cost of food and fuel. All are bracing themselves for even harder times this winter. In a pub car park on the
From ominous speculation about the potential economic fallout of military conflict between Taiwan and China, to markets being flooded with designer watches in the wake of a crypto downturn, to warnings of worse bear markets and soccer franchises pushing forward in the realm of metaverse ambitions, there’s once again never a dull moment in the
Liz Truss has promised an immediate cut to National Insurance rates if she becomes prime minister in September, but faced claims from her Tory leadership rival Rishi Sunak that the change would “not touch the sides” for many poorer households battling a crisis in living costs. Truss, foreign secretary, told the Financial Times on Friday
The writer is chief economic adviser to President Volodymyr Zelenskyy of Ukraine Western sanctions on Russian fossil fuels are a phantom. The revenues flowing into the Kremlin’s coffers from foreign sales of oil, gas and coal are sky-high, having doubled in the first 100 days of the war. The west’s energy sanctions regime is not
Bitcoin (BTC) is in short supply at Tesla, even as its CEO predicts that United States inflation has already peaked. Speaking at Tesla’s 2022 Annual Meeting of Stockholders on Aug. 5, Elon Musk predicted that an upcoming United States recession would only be “mild to moderate.” Musk on costs: “The trend is down” After recently selling
Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their business. Kazakhstan Busts Illegal Crypto Mining Organization, Detains Dozens Authorities in Kazakhstan have arrested
On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers, launched the Arbitrum One mainnet. The Arbitrum team says
While cryptocurrency markets have seen poor performances during the first two quarters of 2022, a recently published fundraising report authored by Messari researchers notes that $30.3 billion was raised by crypto projects and startups during the first half of 2022. The $30.3 billion raised across 1,199 fundraising rounds surpasses all the funding blockchain startups and
Chinese authorities hastily locked down the southern coastal city of Sanya over the weekend, trapping tens of thousands of holidaymakers after a highly infectious Omicron strain of coronavirus was detected in the province known as “China’s Hawaii”. Covid-19 cases in China’s Hainan province rapidly rose over the week to a cumulative 828, forcing authorities to
Ahead of Nancy Pelosi’s visit to Taiwan this week, there was concern from the White House to Tokyo that the US House Speaker’s trip would spark a crisis at a time when relations with China were already in a dangerous state. Beijing’s aggressive response has crystallised the high stakes for US allies and partners in
When the centrist Democratic senator Kyrsten Sinema gave the green light this week to move forward with the much-slimmed-down version of her party’s long-awaited climate and tax bill, her colleagues breathed a sigh of relief. However, Sinema’s assent came with a notable proviso: scrapping the promise to end a notorious tax loophole allowing private equity