Cryptocurrency exchange OKX said on Monday it would offer instant Singapore dollar-denominated deposits and withdrawals to customers in the city-state, taking a step toward deeper integration with Singapore’s traditional financial system as trading and interest in cryptocurrencies surge. The funds transfer service will be facilitated by Singapore’s biggest bank DBS Group (DBSM.SI), a statement. In an emailed comment to Reuters, Evy Theunis, head of digital assets, institutional banking group at DBS said: “DBS has been actively fostering a responsible and innovative digital asset ecosystem in Singapore for several years now. Working with OKX deepens the bank’s wide-ranging involvement in this space.” Interest in cryptocurrencies has surged following Donald Trump’s U.S. presidential election victory, on the view that friendlier regulation under his administration could usher in a new boom for all corners of the asset class.
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Nov
Ghana’s Black Stars would be in battle in Luanda, Angola today aiming to achieve an apparent impossible feat in the qualifiers of the 2025 AFCON in Morocco. With two matches to end the qualifiers, the Black Stars are third in Group I that has Angola securing qualification with their top position, followed by Sudan led by Kwesi Appiah. Niger have proven to be the whipping boys of the group and are winless in the four matches played so far. They have just a point after holding the Black Stars. Members of the Black Stars technical team on arrival in Luanda Ghana’s only chance of qualification is placed in the hope that the Black Stars win the last two matches while Sudan lose theirs against the same opposition. The fact is
Nov
A showdown between former heavyweight champion Mike Tyson and social media influencer-turned-fighter Jake Paul on Friday is the latest one-two punch from Netflix, as the media giant hopes to cash in on sports’ sprint to streaming. The intergenerational showdown has all the makings of a crossover hit, with 58-year-old Tyson bringing in the old guard and 27-year-old Paul, who achieved early fame on YouTube, appealing to the younger, screen-toting social media junkies. Available to all of Netflix’s more than 280 million subscribers for no additional fee, it could be a welcome change for American boxing fans accustomed to shelling out extra to watch marquee matches on long-time broadcaster HBO. “The trend in all sports right now is moving some of their properties to streaming,” said Bob Dorfman, a veteran San Francisco-based sports
Nov
As Tesla’s electric-vehicle sales have flattened this year, CEO Elon Musk has increasingly staked the company’s future on his vision for self-driving robotaxis, despite the massive technological and regulatory obstacles in delivering them. Now Musk – as one of President-elect Donald Trump’s biggest backers – may have the influence to help break through those regulatory roadblocks. Tesla (TSLA.O) currently faces a diverse landscape of state driverless-vehicle laws that Musk blasted in an Oct. 23 earnings call, calling it “incredibly painful to do it state-by-state.” He signaled he would advocate for one federal approval process if Trump won and followed through on a promise to name Musk “efficiency czar.” “If there’s a department of government efficiency,” Musk said, “I’ll try to help make that happen.” On Tuesday, Trump tapped Musk and another ally to lead such an entity, which is not
Nov
SoftBank-backed Swiggy’s (SWIG.NS), shares jumped nearly 15% in their trading debut in India on Wednesday, signalling growing investor confidence in food and grocery delivery firms as shoppers increasingly go online and want fast deliveries. Swiggy’s shares bucked weakness in the broader Indian market and recorded a better performance than some analysts had predicted for the loss-making firm after its $1.4 billion IPO – the country’s second biggest this year. The stock (SWIG.NS), listed at 420 rupees ($4.98) on India’s National Stock Exchange and rose to a high of 448 rupees, giving the company a valuation of nearly $12 billion. Swiggy and its main rival Zomato are riding a wave of new shoppers in India by offering so-called “quick commerce” grocery deliveries within 10 minutes, diversifying from their main food delivery businesses. The boom in
Nov
Three Ghanaian-owned companies on Wednesday emerged as winners of the Ghana National Kaizen Awards 2024 for their excellence in operational efficiency and innovation. KAIZEN is a Japanese philosophy and methods of quality and productivity which are key for Japanese industrial development and applied techniques. The awardees included Solution Oasis Limited, Yedent Agro Group of Companies, and Asheba Company Limited. Solution Oasis Ltd, an agro-processing company known for producing premium natural skincare products, was named the overall winner and also received the Micro Small Enterprise Award. Yedent Agro Group of Companies, based in Sunyani, took home the Medium Enterprise of the Year Award for its contributions to agro-processing while Asheba Company Limited, a company that specialises in the processing of shea nuts into shea butter and shea-based products, won the Large
Nov
French generative AI startup LightOn launched an initial public offering (IPO) on the Euronext Growth market in Paris on Friday, with a listing expected later in November. WHY IT’S IMPORTANT LightOn, which provides large language model (LLM) software to businesses and the French government, would become the first GenAI startup to be listed in Europe. European peers like France’s Mistral or Germany’s DeepL have so far preferred to raise funding by remaining private. France is promoting itself as Europe’s main hub for artificial intelligence, in a bid to close a long-standing innovation gap with the U.S. and Britain. KEY QUOTES “This planned IPO offers investors a unique opportunity to participate directly in the growth of a French technology champion that is already successfully deploying its AI solutions with major groups
Nov
The Australian government will legislate for a ban on social media for children under 16, Prime Minister Anthony Albanese said on Thursday, in what it calls a world-leading package of measures that could become law late next year. Australia is trialing an age-verification system to assist in blocking children from accessing social media platforms, as part of a range of measures that include some of the toughest controls imposed by any country to date. “Social media is doing harm to our kids and I’m calling time on it,” Albanese told a news conference. Albanese cited the risks to physical and mental health of children from excessive social media use, in particular the risks to girls from harmful depictions of body image, and misogynist content aimed at boys. “If you’re a
Nov
Swiss bank UBS (UBSG.S) said on Thursday it had successfully piloted a blockchain-based payment system it has developed to improve efficiency of cross-border transactions known as UBS Digital Cash. In the pilot, transactions were carried out with multinational clients and banks, including domestic transactions in Switzerland and cross-border payments in U.S. dollars, Swiss francs, euros and Chinese yuan, UBS said in a statement. Andy Kollegger, head UBS Institutional & Multinational Banking, described blockchain-based payment solutions for cross-border payments as a strategic focus for UBS. “UBS Digital Cash going forward aims to enable our clients to make cross-border payments in a much more efficient and transparent way,” Kollegger said. The pilot scheme included the transfer of liquidity between various UBS companies. UBS said it plans to expand and develop UBS Digital Cash in
Nov
The China International Import Expo (CIIE) is an important platform for Africa to showcase its products and enhance trade with China, said a South African expert. “China has an important and attractive market, and the CIIE is incredibly big and diverse. It’s a wonderful opportunity for African businesses to tap into the Chinese market and understand what’s happening in the global market,” said Philip Myburgh, group head of trade at Standard Bank Business and Commercial Banking, in an interview with Xinhua ahead of the 7th CIIE due from Tuesday to Sunday in Shanghai. Given that Africa sometimes takes a backseat or gets overshadowed by larger economies at global events, Myburgh said they expect more exposure to and attention from the international community. “We are certainly getting a stronger presence at
Nov
The President, Nana Addo Dankwa Akufo-Addo, has called on public sector lawyers to continue with the pursuit of ethical practice and shared dedication in order to establish a legacy of legal excellence. He said this was the only way by which they could strengthen the foundations of public service. • President Akufo-Addo interacting with Helen Ziwu (left). With them is Mr Godfred Dame “Ladies and gentlemen, members of the bar, as public sector lawyers, the path we walk is one that demands courage, commitment, integrity, and a ceaseless pursuit of excellence. The government is committed to supporting your development, ensuring that our legal teams are well prepared to face the challenges of our time,” he emphasised. President Akufo-Addo made the call at the opening of the maiden Public Sector Lawyers’
Nov
The Fair Wages and Salaries Commission (FWSC) has appealed to Civil and Local Government Staff Association of Ghana (CLOGSAG) to reconsider its planned strike action and return to the negotiating table. The strike slated for Thursday, November 7, 2024 comes amid ongoing salary structure negotiations and disagreements with the Fair Wages and Salaries Commission (FWSC) over the terms of government workers’ compensation. Ms Emelia Ennin, Head of Public Affairs at FWSC, in a press statement said CLOGSAG initially submitted its request for a revised salary structure and improved conditions of service to the Office of the Senior Presidential Advisor for consideration. “In response, the government, represented by FWSC and other officials, formed a technical committee to discuss the proposals alongside CLOGSAG representatives. Both parties committed to working toward a solution
Nov
Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker and Apple’s (AAPL.O), biggest iPhone assembler, on Tuesday reported revenue for October rose 8.59% year-on-year to reach the highest on record for the month at T$804.8 billion ($25.20 billion). “Looking ahead to the fourth quarter, operations are anticipated to show both quarterly and yearly growth,” the company said in a statement, without giving details. Source: www.reuters.com The post Foxconn says Oct revenue +8.59% y/y, Q4 outlook good appeared first on Ghanaian Times.
Nov
U.S. tech companies have warned Vietnam’s government that a draft law to tighten rules on data protection and limit data transfers abroad would hamper social media platforms and data centre operators from growing their businesses in the country. The Southeast Asian nation with a population of 100 million is one of the world’s largest markets for Facebook and other online platforms, and is aiming to exponentially increase its data centre industry with foreign investment in coming years. The draft law “will make it challenging for tech companies, social media platforms and data centre operators to reach the customers that rely on them daily,” said Jason Oxman, who chairs the Information Technology Industry Council (ITI), a trade association representing big tech companies including Meta (META.O) Google (GOOGL.O), and data centres operator Equinix (EQIX.O). The draft
Nov
“We’re at the mercy of Google.” Undecided voters in the US who turn to Google may see dramatically different views of the world – even when they’re asking the exact same question. Type in “Is Kamala Harris a good Democratic candidate”, and Google paints a rosy picture. Search results are constantly changing, but last week, the first link was a Pew Research Center poll showing that “Harris energises Democrats”. Next is an Associated Press article titled “Majority of Democrats think Kamala Harris would make a good president”, and the following links were similar. But if you’ve been hearing negative things about Harris, you might ask if she’s a “bad” Democratic candidate instead. Fundamentally, that’s an identical question, but Google’s results are far more pessimistic. “It’s been easy to forget how bad Kamala Harris is,”
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