Security threats forces Biden to order ban on certain US tech investments in China
A spokesman for the Chinese embassy in Washington said the White House had not heeded “China’s repeated expression of deep concerns” about the plan. The spokesman said more than 70,000 US companies do business in China. The restrictions will hurt both Chinese and American businesses, interfere with normal cooperation and reduce investor confidence in the US, he said.
Filthy wages: Why crypto’s promise as a means of dancing around banking system crashed
Without a banking partner, crypto firms cannot accept dollar deposits in return for services, or manage the conversion of crypto to dollars for clients, or pay their employees and vendors – they cannot function. The viability of the plan to develop a parallel financial system free of intermediaries is dependent, therefore, on a rapidly disintegrating truce with those same intermediaries: the banks and payments firms.
Blacklisted by banks and payment apps, adult industry gets door slammed on it by cryptocurrency
In the US, full-service sex work (also known as prostitution) is illegal in every state but Nevada, but pornography and online sex work are legal under the First Amendment. Irrespective of this distinction, banking access has been a problem for the entire sex work community since at least the 1960s, says Mike Stabile, director of public affairs at the FSC, and has only become more acute.
Climate-friendly cows bred to belch less methane following availability of genetics to produce dairy cattle
Some dairy industry officials remain unconvinced about low-methane breeding, saying it could lead to digestion problems. Canada’s agriculture department said in an email that it has not yet assessed the methane evaluation system underlying the product but that reducing emissions from livestock was “extremely important.”
Impact of Russia quitting wartime deal with Ukraine to ship grain starts to bite as food prices spike
Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the UN Food and Agriculture Organization said on...
Bank of England raises interest rates for 14th time in a row to pile pressure on mortgage holders
The Bank of England’s announcement comes after both the European Central Bank and the US Federal Reserve hiked up respective interest rates to two-decade highs this week, with both institutions opting for a quarter-point increase amid global efforts to quell inflation.
Insight: World battles to loosen China’s grip on vital rare earths for clean energy transition
The West’s push to develop independent supplies of critical minerals took on greater urgency after Beijing imposed export controls last month on the strategic metals gallium and germanium, raising global fears that China could block exports of rare earths or processing technology next.
Kenya reels under Anonymous Sudan cyber attacks on government services as online banking struggles
Some 76 per cent of Kenyans use mobile money, while 67 per cent use the mobile internet. Confirming the attack, Information, Communication and Digital Economy Minister Eliud Owalo stressed that no data had been accessed or lost, although the hackers behind it had claimed to have stolen passport data.
Nairobi hosts Africa’s first International Telecoms Week as Kenya’s reputation as regional digital hub grows
Business Opportunities: ITW Africa offers a thriving marketplace where carriers, data centres, content providers, cloud services, finance professionals and satellite providers can showcase their offerings. This facilitates trading opportunities and creates an environment conducive to business development and expansion.
Russia hits Africa, Asia and Middle East hard with decision to defer Ukrainian grain exports
The suspension marks the end of an accord that the UN and Turkey brokered last summer to allow food to leave the Black Sea region after Russia’s invasion of its neighbour worsened a global food crisis. The initiative is credited with helping lower soaring prices of wheat, vegetable oil and other food commodities.
