News
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Many celebs leapt on the NFT craze. Now they see mixed fortunes
Despite a meltdown in the global crypto market, celebrities continue to sign up to the craze for so-called Non-Fungible Tokens. While NFTs are weathering the meltdown better than most cryptocurrencies, many of the NFTs owned by celebrities are now all but worthless, selling for fractions of their original prices—when they sell at all
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Chinese developer Shimao misses $1 billion bond payment
This is one of the biggest such defaults so far this year in the country's troubled property sector which has been struggling since authorities began a crackdown on excessive debt and rampant consumer speculation in 2020
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Ukrainians look to Kyiv beaches for a holiday from war
Many families in Ukraine were dreaming of international holidays before the Russian assault, now they are going to beaches in Kyiv in the hope of some respite. However, despite summer temperatures, the beaches are mostly scarce
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For a kingdom with an image problem, golf is seen as a sanitizer
Saudi Arabia sees sports as a winning formula to refresh its image, part of a campaign led by its de facto ruler, Crown Prince Mohammed bin Salman, to transfigure the country from a sleepy, conservative oil producer into a dynamic hot spot for tourism, investment, futuristic technology and more
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Liquefied natural gas comes to Europe's rescue. But for how long?
Even as LNG imports from the US have advanced the European Union's goal of slashing its dependence on Russian energy, the growing reliance on the fuel also comes with potentially negative implications, including uncertainty for its future and concerns about its effect on climate
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How North Korea used crypto to hack its way through the pandemic
At a time when North Korea has locked itself down for fear of the pandemic, hacking crypto exchanges has allowed it to generate income in ways that are both Covid-19 safe and harder to trace in an industry subject to limited government oversight
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Reliance brings UK chain Pret A Manger to India
The British brand is expected to open its first outlet in the first quarter of the next calendar year
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Netflix says it's business as usual. Is that good enough?
Confronting the loss of subscribers for the first time in a decade, Netflix's main response seems to be an effort to crack down on password sharing among friends and family members, as well as an introduction of a lower-priced advertising tier
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Crypto crash widens a divide: 'Those with money will end up being fine'
As employees of crypto companies lose their jobs and ordinary investors suffer huge losses, top executives have emerged relatively unscathed
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Airbnb announces a permanent ban on parties
Airbnb said that it was permanently banning parties at its properties worldwide, nearly two years after the home-sharing service issued a temporary restriction on large gatherings
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For many women, Roe was more than abortion. It was about freedom
Millions of American women spent the past five days absorbing the news that instantly reordered their lives