Facebook cryptocurrency Libra to launch as early as January but scaled back: Report

Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project. The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the report said, citing one of the people. The […]


California business leaders release report on coronavirus recovery as task force disbands

Gavin Newsom Digital First Media | The Mercury News | Getty Images California Gov. Gavin Newsom’s seven-month-old Task Force on Business and Jobs Recovery is disbanding as the coronavirus pandemic reaches a second peak, but his co-chairs predict the state will have a strong economic turnaround once the pandemic is past. Billionaire businessman Tom Steyer, […]


Congress just finished its Big Tech antitrust report — now it’s time to rewrite the laws

Rep. Pramila Jayapal Bill Clark | Getty Images House Democrats unveiled their nearly 450-page antitrust report Tuesday finding Amazon, Apple, Facebook and Google each hold monopoly power and, in some cases, should have parts of their businesses effectively broken up. Now, the real work begins. Lawmakers are charged with the arduous task of rewriting the U.S. antitrust […]

Global Economy

Coronavirus cases climb in the Midwest as more states report growing outbreaks

A Detroit resident is tested for free for the coronavirus disease (COVID-19) and antibodies at the Sheffield Center in Detroit, Michigan, April 28, 2020. Rebecca Cook | Reuters Coronavirus cases in the Midwest are beginning to increase following warnings from top U.S. health officials that the country’s heartland could be vulnerable to new outbreaks.  Coronavirus […]


Microfinance institutions’ collections improve after lifting of COVID-19 restrictions: Report

NEW DELHI: The collections of microfinance institutions (MFIs), which had plunged to near zero in April because of the coronavirus lockdown, rebounded to 70-75 per cent in July on account of gradual lifting of restrictions, says a report. “Collections had wallowed in single digit through May because of the moratorium granted by MFIs to their […]