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Japan suspends Binance, one of world’s biggest cryptocurrency exchanges

Japan’s top financial regulator has ordered one of the world’s biggest cryptocurrency exchanges to suspend its operations. The watchdog said Binance was breaking Japanese rules and isn’t properly registered. The Financial Services Agency issued a formal warning to Binance on Friday, ordering it to suspend its services to Japanese residents with immediate effect. The agency said the Hong Kong-based exchange ...

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Global markets drop sharply over fears of trade-war escalation

Markets across the world plunged after the US imposed $ 60 billion in tariffs on Chinese goods, and Beijing slapped $ 3 billion on American imports in retaliation. Wall Street is bracing for another sell-off on Friday after US stocks tumbled sharply during the previous day’s trading, with the Dow Jones dropping almost three percent. The S&P 500 and the ...

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South African politician attacks ‘racist’ Australia for sheltering fleeing white farmers

The leader of the South African opposition has called Australia racist over Canberra’s emergency visas for white farmers. The farmers are allegedly facing assaults amid government calls for land seizure in favor of black citizens. “We’re too busy. Don’t make noise, because you will irritate us. Go to Australia. It is only racists who went to Australia when Mandela got ...

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SWIFT shutdown: Russia ready with own alternative to international bank transfer system

Global oil giant Rosneft has prepared itself for shutdown of SWIFT interbank cash transfer services, should Russia be shut out of the system as part of Western sanctions. A Russian equivalent of SWIFT was tested by Rosneft in December, Gazprombank Vice-President Andrey Korolyov told TASS news agency. It is the first time that the Russian SWIFT analogue has been used ...

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Russian high-speed railway project attracts another European investor

Italy has joined the list of countries seeking to participate in the ambitious Moscow-Kazan high-speed railway project. According to TASS, the government of the Russian Republic of Tatarstan on Thursday signed a memorandum of understanding with a number of Italian companies. They want to invest in the construction of the Moscow-Kazan high-speed railway. Statistics showed that in 2017, trade turnover ...

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