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Hacker Gets Half A Million Dollars for Crypto Hack
The hacker who stole $610 million worth of crypto coins and gradually returned them will receive a reward of half a million dollars for his work. However, it is unclear whether the amount will be accepted.
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Turkey’s Central Bank Does Not Tinker with Interest Despite Pressure from Erdogan
The Turkish central bank has not messed with interest rates for the fifth month in a row. Due to the rising inflation, policymakers saw little room for a reduction in borrowing costs, which President Recep Tayyip Erdogan…
Chinese Web Giant Alibaba Manager Fired After Possible Sexual Abuse
Chinese e-commerce giant Alibaba has fired a manager after a female employee reported being assaulted by her boss and a customer via the company's intranet.
The woman published her 11-page statement on Alibaba's…
Chinese Meal App Meituan is Likely to Receive A Large Fine
The Chinese Meituan, the most significant meal delivery company in the world, will be fined the equivalent of 1 billion dollars if it is up to the Chinese competition authority.
The group allegedly abused its…
Sales of Fashion House Prada Up Sharply in First Half
Sales of the Italian fashion house Prada rose very sharply in the first half of this year compared to a year earlier, when they were severely hit by the corona pandemic. As a result, turnover rose by 60 percent to 1.5…
Production of Parent Company Mercedes-Benz Again Flat Due to Chip Shortages
The German car group Daimler, the parent company of Mercedes-Benz, will temporarily stop production at three factories in Germany because of the chip shortages that the car industry has been struggling with for some…
Regulators Crack Google for Opaque Services
It is still too unclear for consumers who use Google services how the technology group works. For example, it is not always clear why Google ranks certain search results higher than others with the search engine.
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Eurozone Exports Up Almost A Third in May
Exports of goods from the eurozone to the rest of the world rose by almost a third in May compared to a year ago, when global trade was hit hard by the corona crisis.
According to the European statistical office…
US Oil Price Hits the Highest Level Since 2014
The price of a barrel of US oil rose on Tuesday to its highest level since November 2014. However, there are concerns in the oil market that there could be significant shortages after oil cartel OPEC and its allies have…
EU Rules Must Force Apple to Allow Payment Services
The EU must draft new rules forcing mobile phone manufacturers to open up the existing NFC chips to other services.
Without that access, for example, banks invest less money in the development of payment…