Crypto exchange Bitfront shuts down

Crypto exchange Bitfront shuts down

Nov 28 (Reuters) – Bitfront, a U.S. crypto exchange backed by Japanese social media firm Line Corp, said it has suspended new sign-ups and credit card payments and will cease operations in a few months despite efforts to overcome challenges in the rapidly evolving industry. “However, despite our efforts … we have regretfully determined that … Read more

China’s NetEase tumbles after ending 14-year gaming deal with Blizzard

China’s NetEase tumbles after ending 14-year gaming deal with Blizzard

Nov 17 (Reuters) – Blizzard Entertainment (ATVI.O) said on Thursday it will no longer offer games such as ‘World of Warcraft’ and ‘Hearthstone’ in China from next year once its deal with NetEase (9999.HK) ends, prompting shares in the Chinese internet giant to tumble. California-based Blizzard said it was unable to reach a deal with … Read more

Canada’s Ontario ups foreign home buyers speculation tax to 25%

Canada’s Ontario ups foreign home buyers speculation tax to 25%

Oct 25 (Reuters) – The Ontario government said on Tuesday it was raising the real estate speculation tax for foreign buyers to 25% from 20% under a plan to tackle a housing crisis in Canada’s most populous province. “For too many Ontarians, including young people, newcomers and seniors, finding the right home is still too … Read more

Tesla slashes China prices by up to 9% as analysts warn of ‘price war’

Tesla slashes China prices by up to 9% as analysts warn of ‘price war’

SHANGHAI, Oct 24 (Reuters) – Tesla (TSLA.O) has cut starter prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle … Read more

Taiwan welcomes back visitors after ending COVID quarantine rules

Taiwan welcomes back visitors after ending COVID quarantine rules

TAOYUAN, Taiwan, Oct 13 (Reuters) – Taiwan began welcoming back visitors on Thursday after finally ending mandatory quarantines to control the spread of COVID-19, with gifts of cuddly toy black bears for the first tour group that stepped off the plane shortly after midnight. Taiwan had kept some of its entry and quarantine rules in … Read more

Bangladesh plunged into darkness by national grid failure

Bangladesh plunged into darkness by national grid failure

Power grid collapse leads to blackouts in 75-80% Bangladesh Authorities working to restore power, investigating cause Government had rationed some gas due to high global prices DHAKA, Oct 4 (Reuters) – Large swathes of Bangladesh were left without electricity on Tuesday after a grid failure, a government official said, adding that authorities were working to … Read more

London’s Battersea Power Station reborn as office and shopping hub

London’s Battersea Power Station reborn as office and shopping hub

LONDON, Oct 4 (Reuters) – London’s Battersea Power Station reopens next week as a glitzy hub of offices, flats, restaurants and shops after decades of failed attempts to reinvigorate one of the capital’s most iconic buildings, often described as the “Everest of real estate”. The 1930s power station once supplied a fifth of London’s electricity, … Read more

Tunisian tattoo artist revives Berber designs for new generation

Tunisian tattoo artist revives Berber designs for new generation

KAIROUAN, Tunisia, Sept 29 (Reuters) – Tunisian tattoo artist Manel Mahdouani is reviving traditional Berber designs that had long been considered unfashionable but are now gaining in popularity among a hip new generation. Few Tunisians now speak the Berber languages more commonly found in Algeria and Morocco, and outward signs of Berber cultural identity are … Read more

YouTube in challenge to TikTok to give Shorts creators 45% of ad sales

YouTube in challenge to TikTok to give Shorts creators 45% of ad sales

Register now for FREE unlimited access to Reuters.com Register LOS ANGELES, Sept 20 (Reuters) – YouTube unveiled a new way for creators to make money on short-form video, as it faces intensifying competition from TikTok. The Google-owned (GOOGL.O) streaming service announced Tuesday that it would introduce advertising on its video feature Shorts and give video … Read more

U.S. rents surge, leaving behind generation of younger workers

U.S. rents surge, leaving behind generation of younger workers

Sept 21 (Reuters) – The cost of renting a home in the United States is surging and young workers have felt the sharpest pain, many of them taking on additional jobs or roommates to afford housing costs. Household rents in 2021 jumped 10% from pre-pandemic levels, according to Census Bureau estimates released last week. The … Read more