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Venezuela lops 6 zeros off currency

02:47 Venezuela has announced that it will be removingsixzeros from its currency to simplify transactions as the country struggles with inflation, currently estimated at over 2,500 perc

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Kenya's mobile payment in steady decline

VCG Mobile money usage in Kenya has been on a steady decline since January when the government ended relief measures that encouraged cashless transactions amid the coronavirus pandemic, accord

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China's tourism revenue increases 228.9% during Qingming Festival

Tourists arrive at Nanjing Railway Station on the last day of China's Qingming Festival holiday on April 5, 2021. /CFP The revenue of China's tourism sector increased by 228.9 percent to 27.17

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Ramp looks to raise more capital as the corporate-spend market mints unicorns

Earlier this year Divvy, a Utah-based software company that provides corporate spend management software, raised a $165 million round at a $1.6 billion valuation. It followed its competitor Brex to un

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Capdesk raises £5m Series A extension led by Fidelity International Strategic Ventures

Capdesk, an equity management platform, has raised a £5m Series A extension led by Fidelity International Strategic Ventures and MiddleGame Ventures. This followed a first raise of £3 million in 2020,

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Bitcoin, ether hit fresh highs

Bitcoin hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above $1 trillion on Friday.The world's most popular cryptocurrency rose to a record $57,553, tak

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Visa, Plaid call off $5.3-bln deal

A visa logo is seen at an exhibition in Shanghai, China. /CFP Visa Inc. and financial technology company Plaid Inc. said on Tuesday that they would terminate their $5.3-billion merger agreemen

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China fines JD.Com, Alibaba's Tmall, Vipshop for irregular pricing

China's market regulator said on Wednesday it has fined JD.Com, Alibaba's Tmall and Vipshop 500,000 yuan ($76,657) each for irregular pricing.The State Administration of Market Regulation (SAMR) said

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Margin trading and securities lending deals by QFII completed

China further expands QFII's investment scope. /CFP The first-ever margin trading and securities lending deals by qualified foreign institutional investors (QFII) in the Chinese mainland stock

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China adds 15 new national level e-commerce demonstration bases

VCG China added 15 national level e-commerce demonstration bases as the country's strong enough e-commerce has accelerated its developing pace during the pandemic.Chinese Vice Commerce Ministe

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Trump team reassures U.S. firms on using WeChat in China

The Trump administration is privately seeking to reassure U.S. companies, including Apple Inc., that they can still do business with the WeChat messaging app in China, Bloomberg reported on Friday, c

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Trump administration reassures U.S. firms on using WeChat in China

The Trump administration is privately seeking to reassure U.S. companies, including Apple Inc., that they can still do business with the WeChat messaging app in China,

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China highlights cooperation on COVID-19 in Belt and Road projects

China will enhance cooperation with Belt and Road countries in the fight against COVID-19 to ensure that construction of the initiative moves forward with little disruption, a spokesperson said

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ByteDance threatens to take legal action in U.S. over Trump order

ByteDance, the Chinese owner of TikTok, said on Friday that it will take legal action if the company is not fairly treated by the U.S. government.The company issued an announcement after U.S. Preside

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State Gov't in India's Bihar Recommends Top Probe Into B-Town Actor Sushant Singh Rajput's Suicide

Since the news of Bollywood actor Sushant Singh Rajput broke in June, several B-town actors, politicians, and even the general public have been demanding a thorough inv

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SoftBank confirms it may sell some of its T-Mobile stake

SoftBank Group confirmed today it is considering selling its T-Mobile U.S. shares.Bloomberg reported last month that SoftBank was nearing an agreement to sell about $20 billion of its T-Mobile U.S. sh

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U.S. extends temporary general license for Huawei

The U.S. Department of Commerce on Friday announced that it was extending the Temporary General License that allows certain transactions with Huawei Technologies Co Ltd for another 90 days. The licen