http://www.arabnews.com/sites/default/files/styles/n_670_395/public/main-image/2018/06/20/1228011-546431093.jpg

Economy

They immediately started transferring all the digital assets held by them to their cold wallets as a prevention to further damages. The news has badly affected the already volatile crypto market. And, this wasn't the first Bithumb hack either. It is the second time in less than a year that Bithumb has been breached. Earlier this month, another platform headquartered in Asia, Coinrail , admitted to losing more than $40 million in various currencies in a hack.
  • US, China Reach Deal to End Sanctions on Telecom Giant ZTE

    US, China Reach Deal to End Sanctions on Telecom Giant ZTE

    Economy

    ZTE had been facing a seven-year ban on doing business in the U.S. That's because it violated an agreement with the U.S. after it got caught evading sanctions against North Korea and Iran. ZTE purchase key components from US -based companies like Intel and Qualcomm . The Department of Commerce said that the measures and fine come in addition to the $892 million in penalties ZTE paid back in March 2017.
  • Microsoft sinks data center off Scottish island

    Microsoft sinks data center off Scottish island

    Economy

    Project Natick's 40-foot long datacenter is loaded with 12 server racks, containing a total of 864 servers, and associated cooling system infrastructure. Today, Naval Group is supporting Microsoft towards its objective to build, deploy and operate an underwater datacenter which is as powerful as several thousand high end consumer PCs with enough storage for about five million movies.
  • House Judiciary Dems question White House lawyer on Trump pardons

    House Judiciary Dems question White House lawyer on Trump pardons

    Economy

    Another said that former San Francisco 49ers quarterback Colin Kaepernick gave $1 million to charity. We did something last season that was very special, it was a milestone here in the city of Philadelphia , our organization, and I was looking forward to going down and being recognized as world champions.
  • 20% tariff on pork imports among measures that take effect today

    Economy

    White House economic adviser Larry Kudlow tried to play down the tension on Wednesday, describing it a "family quarrel". The White House backed the bill earlier this year. But Canada, which is a country that buys more U.S. goods and services than it exports here, also will put tariffs on a wide variety of consumer products, ranging from ballpoint pens and dishwasher detergent to toilet paper and playing cards.
  • Mexico to file WTO complaint over United States tariffs: ministry

    Mexico to file WTO complaint over United States tariffs: ministry

    Economy

    Tory MP Jacob Rees-Mogg warned earlier that "tit-for-tat retaliation" could make a trade war worse, saying history shows "protectionism is worst for the country that imposes it". US equity markets are trading higher on Monday, much to the surprise of bearish traders who were betting on a global trade war to disrupt the rally and perhaps fuel a mild downdraft.
  • Oil bulls lose heart as mega producers signal more supplies

    Oil bulls lose heart as mega producers signal more supplies

    Economy

    It was reported last week that USA production rose to a record level in March, while drilling activity picked up again last week. However, the American Petroleum Institute (API) on Wednesday reported surprise buildup of 1.0 million barrels of US crude oil inventories in the same week.
  • When Is National Donut Day? | National Donut Day 2018

    When Is National Donut Day? | National Donut Day 2018

    Economy

    Krispy Kreme: Get one free doughnut at participating stores in the United States and Canada. Atlanta's own boutique doughnut shop located in Brookhaven, Bon Glaze , will also be offering a free sugary confection with any purchase.
  • Oil Prices are Dropping: Why?

    Oil Prices are Dropping: Why?

    Economy

    The drop was accompanied by relatively heavy volume suggesting some capitulation from the extreme long crude speculative positioning. Brent crude futures stood at $75.22 a barrel at 1526 GMT, down $1.22 from the previous close. Middle Eastern crude oil producers could be one the biggest losers from the new regulation, because they pump high-sulfur crude, Amrita Sen, chief oil analyst at Energy Aspects, told CNBC this week, discussing the outlook for oil prices.
  • Rahul terms one paisa fuel price cut as 'prank'

    Rahul terms one paisa fuel price cut as 'prank'

    Economy

    But the happiness was short-lived as the Indian Oil Corporation quickly clarified that the actual price reduction was only one paisa per litre and blamed a "clerical error" for the mixup. The marginal 1 paisa cut fuelled anger on social media. The reason behind the increase in petrol prices in the country is the rise in the crude oil cost and high excise duty levied on the particular fuel type.
  • No end in sight as fuel price surges for 13th day

    No end in sight as fuel price surges for 13th day

    Economy

    On Tuesday, petrol prices in Delhi, Mumbai and Chennai were at Rs. 78.43 per litre, Rs. 86.24 per litre and Rs. 81.43 per litre while diesel prices were at Rs. "The Centre is working out a plan to control the increase in fuel prices", he added. Whereas, Mumbai and Chennai saw the most hikes - by as much as Rs 3.59 per litre and Rs 3.62 per litre respectively.
  • Starbucks employees to go for racial bias training

    Starbucks employees to go for racial bias training

    Economy

    The last time the company did something similar was in 2008, when the struggling chain shut down all USA locations to retrain employees on improving the "Starbucks Experience" by boosting technical abilities and customer service - a decision that cost the chain $ 6 million .
  • Golden Retriever Dog Delivers Litter Of Puppies At Florida Airport [Photos, Video]

    Golden Retriever Dog Delivers Litter Of Puppies At Florida Airport [Photos, Video]

    Economy

    The mom-to-be was waiting with her owner, Diane Van Atter, and the puppies' father, Golden Nugget, to fly home from Florida when the babies began to arrive, according to tweets from Tampa Fire Rescue . Luckily for Ellie, a team of paramedics were on hand to give her a hand. "Ruff day for this mama at Airside F today!" Paramedics Larry Glanton and Lt Natalie Brown patiently delivered seven male pups, before the arrival - a little girl.
  • PayPal agrees to buy iZettle for Dollars 2.2 bn

    PayPal agrees to buy iZettle for Dollars 2.2 bn

    Economy

    Both PayPal and Square are vying to help mostly small- and medium-sized retailers process sales that aren't paid with cash. The takeover comes just weeks after iZettle, creator of an ingenious card-reading device for smartphones, revealed its intention to list on the Stockholm stock exchange.
  • Boat Carrying 40 People Capsizes in Godavari, 23 Feared Missing

    Boat Carrying 40 People Capsizes in Godavari, 23 Feared Missing

    Economy

    Besides the Navy, personnel from the National Disaster Response Force, State Disaster Response Force, fire service, revenue and police departments are involved in the search and rescue operations. Describing the deaths as nothing but government killings, Pawan said it was unfortunate that the government was least bothered about lack of permissions and checking fitness of the boats to operate in the river.