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Financial Threats Due To Climate Change Is Exaggerated, Claims Senior HSBC Banker 05/22/2022

G7 Agrees To Spend $18.4 Billion To Keep Ukraine Functioning, With More Money On The Way 05/21/2022

Apple to reduce dependence on manufacturing in China 05/23/2022

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Science & Technology

China is boosting solar power investments

According to Bloomberg, China increased its investment in solar energy projects from January to April. As a result, the government was able to create a record number of new sustainable energy generating plants. Green energy investment reached 29 billion yuan (about $4.3 billion) in the first four...

Crypto-exchanges in India face problems with rupee transfers

Crypto investors in India have been deprived of the opportunity to transfer cryptocurrencies to their accounts through a local online payment system, Bloomberg wrote. At least seven cryptocurrency firms were unable to transfer rupees to their accounts through the Indian government-supported...

Hackers break record for blockchain hacks, steal $1.3B in crypto assets

Hackers stole about $1.3 billion worth of crypto assets in the first quarter of 2022, Atlas VPN analysts estimated. Hackers stole nearly $1.3 billion worth of crypto-assets during the first quarter of 2022 in 78 blockchain hacks. That's according to encryption and cybersecurity company Atlas VPN,...

Hackers steal $540 million in cryptocurrency from Axie Infinity game users

Sky Mavis, the publisher of the online game Axie Infinity, in which users can earn crypto-assets, stated that over $500 million in cryptocurrency was stolen from its subscribers. Ronin, the network on which Axie Infinity's online game runs, was hacked and $540 million in crypto-assets were stolen....

NFT marketplace OpenSea reports phishing theft of user tokens

Marketplace for NFT trading OpenSea has launched an investigation into an attack on the site's users that resulted in the theft of non-exchangeable tokens from them. Devin Finzer, CEO and co-founder of NFT-marketplace OpenSea, reported a phishing attack on users that could have resulted in the...

McDonald's to open a restaurant in metaverse

McDonald's has filed for ten new trademarks with the U.S. Patent and Trademark Office. This includes one for a restaurant in the meta-universe that will provide home-delivered meals. The company McDonald's filed an application for registration of ten new trademarks with the U.S. Patent and...

Sotheby's and artist Kevin McCoy are being sued for selling the "first" NFT

Free Holdings has filed a lawsuit against artist Kevin McCoy and auction house Sotheby's over the sale of the "world's first" NFT painting called Quantum. Free Holdings has filed a lawsuit in the Southern District Court of New York against artist Kevin McCoy and auction house Sotheby's over the...

India announces launch of its digital currency from 1 April

India has announced that it will launch its digital currency from 1 April. The digital rupee will be treated like banknotes. The authorities hope that its proliferation will give a big boost to the digital economy. India's finance minister Nirmala Sitharaman said India's central bank will launch a...

Flu Returns To Europe, Threatens A Prolonged 'Twindemic'

After nearly disappearing last winter, influenza has arguably made a comeback in Europe at a pace that is faster-than-expected , generating fears of a lengthy "twindemic" with Covid-19, as well as some reservations about the efficacy of flu vaccines. During the Covid-19 epidemic,...

Hyundai Heavy Unit Claims Tech To Transport Hydrogen By Ships To Be Ready By 2025

Korea Shipbuilding & Offshore Engineering (KSOE) wants to be able to develop the technology to carry hydrogen by ship by 2025, said an executive of the company. This is a part of the aim of the company to achieve a breakthrough in supplying a fuel that advocates tout as a major source of...