Mango Crypto Platform Hit by Latest Hack in Digital Asset Sector
A security event hit the cryptocurrency sector on the decentralized finance platform Mango just days after a hacker took around $100 million in an exploit involving Binance Coin. Mango said on Twitter that it is “investigating an incident in which a hacker was able to drain funds” and is disabling deposits. The platform added that […]
Former Fed Chairman Ben Bernanke Wins Nobel Prize in Economic Sciences
Former Federal Reserve Chairman Ben Bernanke has been awarded the Nobel Prize in Economics. The Nobel Prize committee believes it “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for bringing us “to the brink of collapse and under a mountain of debt […]
Biden Pledges Air Defenses Amid Putin’s Threats
Russian President Vladimir Putin has threatened more attacks on Ukrainian infrastructure after his country’s missiles hit cities across Ukraine. In a call with Ukrainian President Volodymyr Zelenskiy, President Joe Biden pledged to “continue to provide Ukraine with the support necessary to defend itself, including advanced air defense systems.” Zelenskiy called that “the No. 1 priority […]
Electric Car Battery Maker CATL Sees Up To 200% Jump in Profits
Contemporary Amperex Technology Co Ltd. expects its net income to rise to as much as 9.8 billion Yuan ($1.4 billion) in the third quarter, as the largest maker of electric vehicle batteries benefits from strong sales to the auto industry. CATL, which is investing heavily in expanding its production capacity, predicted a profit jump of […]
Japanese Gaming Giant Sega to Launch First Blockchain Game
Sega to Launch First Blockchain Gaming Project Sega, one of the most influential Japan-based gaming companies, has announced that it will build its first blockchain-based game. The project, which will be built by another game company, Double Jump Tokyo, will be based on the Sangokushi Taisen franchise, a popular arcade game in Japan. The Sangokushi […]
How Pakistan’s Most Feared Power Broker Controlled a Violent Megacity From London
The hunger strikers had been sitting for six hot days outside the Karachi Press Club, sheltering under a canvas tent as fans blew the sticky summer air. The Pile of Victorian sandstone in the heart of Pakistan’s commercial capital was an easy place to get media coverage, with some organizations or others holding a demonstration […]
Suicide bomber kills at least 19 people in School Explosion in Afghanistan
A suicide bomber attacked an educational institute in the Afghan capital, killing at least 19 people. As many as 27 other people were injured in the early Friday blast, which occurred in the Dasht-e-Barchi neighborhood of western Kabul, a predominantly Shiite-Muslim area that is home to the minority Hazara community, according to police spokesman Khalid […]
US has agreed Pacific Islands deal, offering ‘big dollar numbers’
The United States is looking to re-engage in a region where China has been steadily expanding its influence. The United States says it has agreed to a partnership with the Pacific Islands that offers the prospect of “big dollar” aid to a region where China has been expanding its influence. U.S. President Joe Biden will […]
Apple Ditches Increase in iPhone Production After Demand Falters
Apple is backtracking on its plans to ramp up production of its new iPhones this year. An anticipated spike in demand failed to materialize, according to people familiar with the matter. The US tech giant has told suppliers to pull out of efforts to increase the assembly of the iPhone 14 product family. Efforts to […]
Trafigura Says Oil Will Face More Downward Pressure: APPEC Update
The fallout from Russia’s invasion of Ukraine and the prospects of a volatile market will be key topics at Asia’s largest gathering of oil traders and executives. That’s entered its second day in Singapore. The Asia Pacific Annual Oil Conference returned to a face-to-face format for the first time since the pandemic broke out. Attendees […]