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Bitcoin storms past $50k for first time as mainstream appeal grows

The crypto king, as its champions describe it, clocks up another milestone and a market expert suggests $66k is in sight.

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China's online advertising market expands in 2020

China's internet advertising market expanded to nearly $77 billion in 2020. /CFP The scale of China's internet advertising market expanded to nearly 500 billion yuan (about $77 billion) in 202

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Egyptian petroleum product imports drop 32.3 percent in 2020

Egyptian petroleum product imports amounted to $6.383bn during 2020, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed on Saturday. It reflected a 32.3 percent decrease

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Tesla bets big on bitcoin

01:08 Tesla announced an investment of $1.5 billion in bitcoin.In the near future, the EV automaker will accept the cryptocurrency as payment.Bitcoin’s value soared more than 10% after

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Cooperation between China and CEECs bucks downward trend of pandemic

Bee products from the Republic of Albania displayed at the China-Central and Eastern European Countries Expo in Ningbo, east China's Zhejiang Province, June 8, 2019. /CFP Cooperation between C

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China approves merger of Shenzhen Stock Exchange's main, SME boards

China Securities Regulatory Commission (CSRC) on Friday approved the merger of the main board and small and medium-enterprise (SME) board of Shenzhen Stock Exchange.The SME board is geared toward fir

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DesignCrowd raises $10 million AUD to grow its DIY platform, BrandCrowd

DesignCrowd announced today it has raised $10 million AUD (about $7.6 billion USD) in pre-IPO funding. The capital will be used on hiring and product development, with the goal of accelerating the gro

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US: Germany is 'highly valued' station for American troops

U.S. Secretary of Defense Lloyd Austin told Germany's Defense Minister Annegret Kramp-Karrenbauer in his first conversation with her since taking up his new post that G

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China's offshore service outsourcing business surpasses $100b in 2020

Outsourcing is the business practice of hiring a party outside a company to perform services and make goods traditionally undertaken by the company's employees. /CFP The executed contract valu

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A first look at Qualtrics’ IPO pricing

Earlier today, Qualtrics dropped a new S-1 filing, this time detailing its proposed IPO pricing. That means we can now get a good look at how much the company may be worth when it goes public later th

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U.S. Postal Service to issue new series of Year of the Ox stamps

The United States Postal Service (USPS) will issue a special set of stamps to commemorate the Year of the Ox in the Chinese lunar calendar, which will begin on February 12.The New Year of the Ox s

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Digital road freight forwarder Sennder raises $160M Series, plans European expansion

Sennder, a large digital road freight forwarder based out of Germany, has raised $160m in Series D financing. The round was led by an unnamed party, but round participants included Accel, Lakestar, HV

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Commemorative stamps for China's first People's Police Day issued

The commemorative stamps for the first Chinese People's Police Day are issued on January 10, 2021. /CFPChina Post issued commemorative stamps to mark China's first Peop

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NYSE says it will no longer delist three Chinese telcos

The New York Stock Exchange (NYSE) on Monday said it no longer intends to move forward with the delisting action against China Mobile, China Unicom (Hong Kong) and Chin

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C by GE gets rebranded under new ownership, expands beyond lighting

There’s a decent chance you missed the news back in May — there was, after all, a lot going on at the time. General Electric sold off its more than 100-year-old GE Lighting division to smart ho

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Experts: China-EU investment treaty just a beginning

01:58 The China-EU Investment Treaty has been reached, but the main question lies in the immediate and long-term impacts of the deal."The EU's agriculture sector, food sector and new e

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UK abolishes 'tampon tax' on menstrual products

The United Kingdom has abolished the 5 percent rate of value-added-tax (VAT) on menstrual products, known as the tampon tax. /Getty Images The United Kingdom has abolished the 5 percent rate o