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Facebook vows Libra currency will wait for approval as U.S. airs worries

10 hours ago DieselGasoil Comments Off on Facebook vows Libra currency will wait for approval as U.S. airs worries
WASHINGTON (Reuters) – Facebook Inc said on Monday it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed, as the U.S. Treasury secretary took the unusual step on of saying he had serious concerns it could be used for illicit activity. David Marcus, who oversees Facebook’s blockchain efforts, planned Read More

Facebook official says regulatory concerns to be addressed before Libra launch

19 hours ago DieselGasoil Comments Off on Facebook official says regulatory concerns to be addressed before Libra launch
FILE PHOTO: Representations of virtual currency are displayed in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – Facebook Inc’s top official overseeing the launch of its Libra cryptocurrency plans to tell U.S. lawmakers the company will not launch the digital currency until regulatory concerns and Read More

Huawei looking to Russia for technology to cut reliance on US tech

6 days ago DieselGasoil Comments Off on Huawei looking to Russia for technology to cut reliance on US tech
Chinese telecom giant Huawei has contacted several Russian tech firms to create joint ventures and use their technologies, sources told business news outlet RBC. Huawei plans to significantly increase its sales in Russia. Over the past few months, Huawei has contacted several Russian firms, including the developers of Elbrus processors and Alt operating systems (OS), Read More

Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals

1 week ago DieselGasoil Comments Off on Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals
SAN FRANCISCO (Reuters) – Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry. A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo in the Manhattan borough of New York City, U.S., March 27, 2018. REUTERS/Brendan McDermid The Alphabet Read More

Washington hits Cuba with sanctions over economic links to Venezuela

2 weeks ago DieselGasoil Comments Off on Washington hits Cuba with sanctions over economic links to Venezuela
The United States has sanctioned Cuban oil and metals company Cubametales for continuing to import crude and other products from Venezuela as part of a broader strategy to oust Venezuelan President Nicolas Maduro. “The Treasury’s Office of Foreign Assets Control (OFAC) designated Cubametales, the Cuban state-run oil import and export company, for its continued importation Read More

‘What the f**k?! You ask to wear abaya to Nicki Minaj?’: Shock over Saudi concert dress code

2 weeks ago DieselGasoil Comments Off on ‘What the f**k?! You ask to wear abaya to Nicki Minaj?’: Shock over Saudi concert dress code
Hip hop artist Nicki Minaj, known for her scantily-clad shows with twerking and half-nude dancers, will headline a festival in Saudi Arabia. The country’s dress code may not apply to Minaj, but Saudi women are expected to comply. Organizers of the Jeddah Season cultural festival, a project overseen by a Saudi government agency, announced on Read More

Wall St. eyes return to record highs as stocks cheer trade reprieve

2 weeks ago DieselGasoil Comments Off on Wall St. eyes return to record highs as stocks cheer trade reprieve
LONDON (Reuters) – Stocks rallied and bonds retreated on Monday as the United States and China agreed to restart trade talks, leading investors to cut back wagers on aggressive policy easing by the major central banks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June Read More

Turkey won’t face US sanctions over purchase of Russian missile defense systems – Erdogan

2 weeks ago DieselGasoil Comments Off on Turkey won’t face US sanctions over purchase of Russian missile defense systems – Erdogan
Turkish President Tayyip Erdogan has revealed that his US counterpart Donald Trump told him that Turkey won’t face sanctions over its decision to purchase major missile defense systems from Russia. The countries have been at loggerheads over the Moscow-Ankara S-400 deal and the two leaders discussed the issue during a meeting on the sidelines of Read More

‘Time will tell’: Trump not sure he is ready to stop China trade war, despite ‘excellent’ Xi meeting

2 weeks ago DieselGasoil Comments Off on ‘Time will tell’: Trump not sure he is ready to stop China trade war, despite ‘excellent’ Xi meeting
The trade dispute, including the US ban on tech giant Huawei, has dominated bilateral talks between Donald Trump and his Chinese counterpart Xi Jinping, but the US leader is not sure if the two sides are ready to strike a deal. “Cooperation and dialogue are better than friction and confrontation,” Xi told Trump in prepared Read More