Klarna’s CEO is ‘deeply worried’ about tweets promoting bitcoin and thinks regulators should step in
The boss of European fintech giant Klarna says he’s “deeply worried” about posts promoting bitcoin on Twitter and thinks regulators should act to protect people from potential losses. Sebastian Siemiatkowski told that, though he thinks bitcoin could be an “interesting technology,” he fears retail investors may get drawn in by tweets urging people to buy the cryptocurrency without thinking […] Read more
The Dow Jones Industrial Average bounced back from steep losses and closed the session in the green on Tuesday after Federal Reserve Chair Jerome Powell relieved some of the concerns about higher interest rates and inflation. The blue-chip Dow wiped out a 360-point loss and closed 15.66 points higher, or 0.1%, at 31,537.35. The S&P […] Read more
President Joe Biden said that the U.S. and its international partners must hold China to account for its economic practices. “We have to push back against the Chinese government’s abuses and coercion that undercut the foundations of the international economic system,” Biden said in a speech to the Munich Security Conference, delivered virtually from the […] Read more
Pfizer and BioNTech have started an international study with 4,000 volunteers to evaluate the safety and effectiveness of their COVID-19 vaccine in healthy pregnant women, the companies said on Thursday. Pregnant women are at higher risk of developing severe COVID-19, and many public health officials have recommended some women in high-risk professions take coronavirus vaccines even without proof […] Read more
Arne Sorenson, who turned Marriott International into the world’s largest hotel chain after acquiring Starwood Hotels & Resorts in a $13 billion deal in 2016, has died. He was 62 and had been undergoing treatment for pancreatic cancer, the company announced Tuesday. Sorenson, the third CEO in Marriott’s history and the first outside the founding family, died […] Read more
The Senate on Saturday acquitted former President Donald Trump in a 57-43 vote on the charge of inciting insurrection for his role in the Jan. 6 U.S. Capitol riot, which left 5 people dead including a police officer. Seven GOP Senators voted guilty in the most bipartisan majority to support an impeachment conviction in U.S. history. Democrats […] Read more
Unions are praising the government for rolling out a Covid-19 vaccine to all border staff ahead of schedule but say more work is needed before it can be distributed to the entire workforce. Barriers such as losing pay or finding transport difficult must be removed to encourage people to get vaccinated, the CTU says. (file […] Read more
LONDON — Drugmaker AstraZeneca is racing to adapt its Covid-19 vaccine in the face of new variants of the virus, with the process becoming more urgent after a small-scale study found that it was less effective at protecting against the more virulent strain discovered in South Africa. The country said it would suspend the use of the […] Read more
Myanmar’s junta shut down the internet in the country on Saturday as thousands of people took to the streets of Yangon to denounce this week’s coup and demand the release of elected leader Aung San Suu Kyi. In the first such demonstration since the generals seized power on Monday, activists chanted, “Military dictator, fail, fail; […] Read more
The jailing of opposition leader Alexei Navalny in Russia was widely expected by Russia watchers, but experts say what comes next will likely depend on the momentum of protests in support of Navalny, whether the West decides to punish Russia and how the Kremlin responds to growing unrest in the country. Navalny, regarded as one […] Read more
