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19848 articles published since 08 Mar 2022

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New Binance chief stresses importance of compliance
New Binance chief stresses importance of compliance
Technology

The new CEO of the world's top crypto platform stressed the importance of regulatory compliance for Binance's future success, months after its former chief executive pleaded guilty to violating US anti-money laundering laws and it paid $4.3 billion to settle charges.

Red-hot cocoa price melts profit at top chocolate-maker
Red-hot cocoa price melts profit at top chocolate-maker
Business and Economy

Barry Callebaut, the world's biggest supplier of chocolate to the food industry, said Wednesday that the surge in global cocoa prices had chipped away at profits. "Food manufacturers continued to be impacted by soft consumer demand in the context of the high-inflationary environment," Barry Callebaut said in a statement.

Fitch downgrades China sovereign credit outlook on debt fears
Fitch downgrades China sovereign credit outlook on debt fears
Business and Economy

Ratings agency Fitch said Wednesday it had downgraded China's sovereign credit outlook to negative, citing increased risks to the country's public finances, in a move Beijing swiftly called "regrettable". Fitch said its outlook revision "reflects increasing risks to China's public finance outlook" as the country "contends with more uncertain economic prospects".

Microsoft to invest $2.9 bn in Japan AI push
Microsoft to invest $2.9 bn in Japan AI push
Business and Economy

Microsoft on Tuesday announced a $2.9 billion investment over the next two years in Japan to bolster the country's push into artificial intelligence and strengthen its cyber defences in the face of threats from China and Russia. "This is Microsoft's single largest investment in its 46-year history in Japan," said Brad Smith, Vice Chair and President of Microsoft, who met Kishida on Tuesday.

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