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MIZATA, El Salvador (Reuters) -El Salvador plans to build the world's first "Bitcoin City", funded initially by bitcoin-backed bonds, President Nayib Bukele said on Saturday, doubling down on his bet to harness the crypto currency to fuel investment in the Central American country.
NEW YORK: The largest special-purpose acquisition company (SPAC) to ever hit the market is operating illegally as an investment company, a new lawsuit against billionaire Bill Ackman’s Pershing Square Tontine Holdings Ltd (PSTH) claims.
TikTok-owner ByteDance Ltd has laid off hundreds of employees as the social giant shuts down a significant part of its online education businesses to comply with Beijing’s new regulatory regime for the after-school tutoring industry.
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) has opened a probe into last year's SolarWinds cyber breach, focusing on whether some companies failed to disclose that they had been affected by the unprecedented hack, two persons familiar with the investigation said on Monday.
BERLIN (Reuters) - Germany's financial regulator, BaFin, warned that Binance, one of the world's largest cryptocurrency exchanges, risked being fined for offering security-tracking tokens without first publishing an investor prospectus.
RIO DE JANEIRO: Petrobras board member Marcelo Gasparino has tendered his resignation, the state-run oil firm said on Friday, just four days after his election to the post, creating a potential eleventh-hour hurdle for its nearly complete management transition.
Robust fundamentals behind the sustained demand
Volkswagen of America issued false statements this week saying it would change its brand name to “Voltswagen”, to stress its commitment to electric vehicles, only to reverse course on March 30 and admit that the supposed name change was a joke.
India and China come down hard due to concerns of financial market stability, illegal fundraising
KUALA LUMPUR: The Securities Commission Malaysia (SC) had initiated civil enforcement actions against 14 individuals last year, including an ex-parte injunction order to freeze assets worth RM169.22 million belonging to three defendants.