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BIS outlines a vision for a digital monetary system
Business News
BIS outlines a vision for a digital monetary system
The Bank for International Settlements (BIS) has published a special chapter of its Annual Economic Report 2022, in which it presents a blueprint for a future digital monetary system. The BIS is an international organization that serves as a bank for central banks and fosters cooperation among them. The report explores the challenges and opportunities of digital innovation for central banks and the global financial system. The limitations of crypto…
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Boom Logistics Director Buys Over 200,000 Shares Amid Strong Growth
Business News
Boom Logistics Director Buys Over 200,000 Shares Amid Strong Growth
Boom Logistics reports record revenue and profit for FY23 Boom Logistics Limited (ASX:BOL), an Australia-based industrial services company that provides crane logistics and lifting solutions, has reported its financial results for the full year ended 30 June 2023. The company achieved record revenue of $368.7 million, up 18.7% from the previous year, and record net profit after tax of $21.4 million, up 32.4% from the previous year. The company also…
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Mikimoto Launches New Collection of Pearls for Men
Featured
Mikimoto Launches New Collection of Pearls for Men
Mikimoto, the world-renowned Japanese pearl company, has launched a new collection of pearls for men, aiming to tap into the growing trend of men wearing jewelry. The collection, called Mikimoto Pearls for Men, features necklaces, bracelets, rings, cufflinks, and tie clips made with Akoya cultured pearls and black South Sea pearls. Pearls for Men: A Trend Here to Stay According to Mikimoto, the idea of creating a collection of pearls…
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China lowers banks’ foreign exchange reserve ratio
Business News
China lowers banks’ foreign exchange reserve ratio to ease yuan pressure
China’s central bank announced on Friday that it will lower the reserve requirement ratio (RRR) for foreign exchange deposits by 2 percentage points, effective from Sept. 15, in a move to ease the appreciation pressure on the yuan. What is the RRR and why does it matter? The RRR is the proportion of deposits that banks must hold as reserves at the central bank. It affects the amount of money…
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China’s economic stimulus amid property sector woes
Business News
China’s economic stimulus amid property sector woes
China cuts deposit rates and forex reserves to boost economy China is facing a slowdown that has rattled global markets, with the spotlight now firmly focused on the troubled developer Country Garden’s spiraling debt crisis in a sector that contributes to roughly a quarter of the economy. As pressure mounts, Chinese authorities have rolled out a series of measures to shore up the country’s faltering economy and revive the crisis-hit…
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A showcase of Asia’s startup ecosystem
News Technology
Tech in Asia Conference 2023: A showcase of Asia’s startup ecosystem
The Tech in Asia Conference 2023 is back with a bang, bringing together the best and brightest minds in the Asian tech scene. The conference, which will be held in Jakarta from September 12 to 14, will feature cutting-edge solutions and inspiring discussions on topics such as fintech, e-commerce, blockchain, AI, and more. What to expect at the Tech in Asia Conference 2023 The Tech in Asia Conference 2023 is…
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India’s Aditya-L1 Mission Finds Sulphur on Moon’s South Pole
News Science
India’s Aditya-L1 Mission Finds Sulphur on Moon’s South Pole
India’s first solar mission, Aditya-L1, has made a remarkable discovery of sulphur on the Moon’s south pole, according to a report by the Indian Space Research Organisation (ISRO). The mission, which was launched in February 2023, has been observing the Sun and its influence on the Earth and the solar system. Aditya-L1: India’s Eye on the Sun Aditya-L1 is a 400 kg satellite that carries seven payloads to study various…
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Canberra’s tech disaster
News Technology
Canberra’s tech disaster: What went wrong and how to avoid it
A failed attempt to modernise business registers The federal government’s ambitious plan to modernise its business registers has been scrapped after a scathing report by the Australian National Audit Office (ANAO) revealed serious flaws in the project’s design, governance and delivery. The Modernising Business Registers (MBR) program was launched in 2018 with the aim of creating a single platform for 35 business registers, including the Australian Business Register and the…
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Kremlin Silences Prigozhin’s Funeral Amid Drone Attacks and Ukraine Conflict
News
Kremlin Silences Prigozhin’s Funeral Amid Drone Attacks and Ukraine Conflict
The death of Yevgeny Prigozhin, a close ally of President Vladimir Putin and the alleged mastermind behind Russia’s Wagner mercenary group, has been shrouded in secrecy and controversy. Prigozhin was reportedly killed in a plane crash in the Democratic Republic of Congo on Feb. 28, 2023, but his funeral was only held on March 4 in Moscow, with no official confirmation or media coverage. Prigozhin’s Mysterious Death and Funeral Prigozhin,…
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Tabloid for Politics, Media and Entertainment
News
A High-End Tabloid for Politics, Media and Entertainment
The Daily Beast is an American news website that covers topics such as politics, media, entertainment, culture, and more. Founded in 2008, the website is owned by IAC Inc., a media and internet company that also owns brands such as Vimeo, Tinder, and Angie’s List. The Daily Beast has been characterized as a “high-end tabloid” by Noah Shachtman, the site’s editor-in-chief from 2018 to 2021. What Makes The Daily Beast…
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