The price of bitcoin dropped 20 per cent in the Japanese markets after authorities on Friday inspected the headquarters of the cryptocurrency exchange operator Coincheck. They were probing the financial situation in the wake of cyber attacks that took place a week ago, Efe news reported. The bitcoin traded on Friday below $8,011 after 10.30 […]
Riding on Google’s growing ad business, Alphabet Inc posted $32.32 billion in revenue for the fourth quarter of 2017 — up 24 per cent (year-on-year) from $26.06 billion during the same quarter in 2016. After deducting its traffic acquisition costs, Google’s revenue alone was $25.87 billion. Overall, Alphabet posted revenues of $110.9 billion for 2017 […]
US President Donald Trump sparked alarm within the FBI on Wednesday by saying that he plans to make public a memo prepared by the Republican party detailing alleged abuses by the agency and the Department of Justice in the investigation into presumed Russian interference in the 2016 election. The FBI issued a statement saying that […]
The US private sector added more jobs than expected in January, signaling a robust start to the year in hiring, according to data released by the ADP Research Institute on Wednesday. Payrolls at non-farm private companies increased by 234,000 in January, beating market expectations. Small private-sector businesses added 58,000 jobs in January, medium-sized businesses added […]
Buoyed by mobile ads sales, Facebook reported $12.97 billion in revenue for the fourth quarter that ended December 31 — up 47 per cent from $8.81 billion in the same period last year. Mobile advertising revenue represented approximately 89 per cent of revenue for the fourth quarter — up from nearly 84 per cent of […]
The US dollar decreased against most other major currencies on Wednesday as the Federal Reserve left its benchmark interest rates unchanged. The US central bank on Wednesday decided to maintain the target range for the federal funds rate at 1.25 to 1.5 percent after the conclusion of its two-day meeting, while giving an upbeat assessment […]
At least three people were killed and two others injured when a helicopter crashed on Tuesday into a house in California, US. “Five persons involved, 4 in helicopter and one bystander on the ground. Confirmed 3 fatalities,” Newport Beach Police tweeted. “Nobody was inside the home where the chopper went down.” The four-seat Robinson 44 […]
South Korean technology giant Samsung Electronics achieved a net profit of $39.30 billion, 85.6 per cent more than in 2016 thanks to the boom in the memory chip industry. The company also earned a gross operating profit of 56.2 trillion won, 83 per cent higher than the previous year, the company said in a statement […]
Facebook has banned ads that promote initial coin offerings (ICOs), cryptocurrency like Bitcoin and binary options trading from its platforms, including Instagram, Audience Network and Messenger. The new policy prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, Facebook said in a statement late on Tuesday. […]
US Deputy Secretary of State John J. Sullivan has said the US policy for Afghanistan is condition-based and not time-based. Sullivan said the US understands that it may take a “considerable amount of time” to implement its South Asia policy and convince the Taliban back to the negotiating table, Xinhua reported on Wednesday. The recent […]