Indonesia’s central bank (BI) governor Perry Warjiyo said on Monday its planned digital rupiah currency can be used in the future to buy products in the metaverse. BI launched the designfor its digital rupiah last week, following many central banks around the world that are developing so-called central bank digital …
Read More »New Zealand plans law to require Facebook, Google to pay for news
The New Zealand government said it will introduce a law that will require big online digital companies such as Alphabet Inc’s Google and Meta Platforms Inc to pay New Zealand media companies for the local news content that appears on their feeds. Minister of Broadcasting Willie Jackson said in a …
Read More »Foxconn sees Covid-hit China plant back at full output in late Dec-early Jan: source
Apple supplier Foxconn expects its Covid-hit Zhengzhou plant in China to resume full production around late December to early January, a Foxconn source said on Monday. Production of the Apple device was disrupted ahead of Christmas and January’s Lunar New Year holidays, with many workers either having to isolate to …
Read More »G7 begins to press Russia on Ukraine with oil price cap
A Group of Seven (G7) price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to finance its war in Ukraine, though Russia has said it will not abide by the measure even if it has to cut production. The G7 …
Read More »Two male bodies wash up on Hoi An beaches
One man’s body was found on a beach in Hoi An and another six km away on Monday morning. People of Hoi An’s Cam An Ward of the central Quang Nam Province saw a decomposing body of a man swept onto the beach. The man was wearing a T-shirt and …
Read More »Northern mountainous province wants to have joint-use airport
Yen Bai Province in Vietnam’s northern highlands has asked for permission to use its existing military airport for civil aviation also. The airport is targeted to receive 800,000 to one million passengers per year, the province said in a recent proposal to the Ministry of Transport. It suggested the ministry …
Read More »Indonesia evacuates villagers as volcano erupts on Java island
A volcano erupted in Indonesia on Sunday spewing a cloud of ash 15 km into the sky and forcing the evacuation of nearly 2,000 people, authorities said, as they issued their highest warning for the area in the east of Java island. There were no immediate reports of any casualties …
Read More »In North Carolina, vandals leave thousands in the dark
Residents of a central North Carolina county faced a second night of freezing weather without power on Sunday after vandals opened fire on two electric substations in what authorities called a “targeted attack.” A motive for the Saturday night damage spree wasn’t clear, said Moore County Sheriff Ronnie Fields. Due …
Read More »South Korea’s FX reserves post biggest monthly gain in 13 on weaker dollar
South Korea’s foreign exchange reserves increased in November for the first time in four months and by the largest amount in 13 months, central bank data showed on Monday, as the U.S. dollar retreated from a two-decade high scaled in October. The country’s FX reserves stood at $416.10 billion at …
Read More »OPEC+ keeps steady policy amid weakening economy, Russian oil cap
OPEC+ agreed to stick to its oil output targets at a meeting on Sunday as the oil markets struggle to assess the impact of a slowing Chinese economy on demand and a G7 price cap on Russian oil on supply. The decision comes two days after the Group of Seven …
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