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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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US friendly suggestion to China: Buy more American gas if you don't want more tariffs

Donald Trump’s economic adviser has a suggestion as to how China can avoid more tariffs on its goods – buy more liquefied natural gas (LNG) from America. Read more “China needs to import very, very large amounts of LNG and, from their point, it would be very logical to import more of it from us, if for no reason other ...

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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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China hits back at Trump, announces retaliatory tariffs on $3bn of US goods

Beijing has announced a series of measures that it plans to implement as a response to President Trump’s new import tariffs, in an escalating trade war between the US and China. Despite repeated warnings from Beijing, on Thursday Donald Trump instructed US Trade Representative (USTR) Robert Lighthizer to levy tariffs on at least $ 50 billion of Chinese imports, accusing ...

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From cocaine to crypto: Drug lord Pablo Escobar's brother launches bitcoin spinoff

The brother of notorious drug kingpin Pablo Escobar, Roberto, is launching his own digital token. He was once an accountant for the Medellin cocaine cartel. Read more The cryptocurrency, named diet bitcoin, is one of the numerous bitcoin spin-offs, and, like other spin-offs, claims to be better than the original. “The value will be very high as we are identical ...

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Trump imposes $60bn in tariffs on Chinese imports, accusing Beijing of intellectual-property theft

US President Donald Trump has announced a $ 60 billion package of tariffs against China. According to the White House, the move is aimed at curbing theft of intellectual property. Read more Trump has signed a Section 301 trade action with China that could be about $ 60 billion in tariffs, he said adding that he asked China to reduce ...

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Africa shapes biggest free trade area since WTO to boost regional business ties

Amid unfolding conflicts in international trade, African leaders have managed to break new ground on a free trade agreement that would unite 44 of the 55 African Union (AU) member states. African heads of state signed the pact at a summit in Kigali, the capital city of Rwanda. The agreement may result in the biggest free trade area in terms ...

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