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Crypto app mistakenly transfers $7M to woman owed $70 refund

CRYPTO.COM, the digital currency app that was fronted by Matt Damon in a Super Bowl TV ad, is seeking the return of about A$10.5 million ($7.2 million) it accidentally transferred to a woman in Melbourne.

Trademark filings suggest Apple may be securing ‘Reality’ names for AR/VR headset

TRADEMARK filings suggest that Apple, Inc. may be staking claim to potential names for its highly anticipated mixed-reality headset, part of the tech giant’s push into its first new product category in years.

UBS cuts half-a-dozen bankers in HK as deals slump due to China turmoil

UBS GROUP AG is letting go of half-a-dozen mainland China-focused employees in Hong Kong (HK) as turmoil in the world’s second-largest economy hammers dealmaking, prompting global banks to rein in their presence in the once lucrative market.

Masks down, Singapore smiles on high-earners again

By Daniel Moss
IF THERE’S ANY DOUBT that COVID is in the rearview mirror for Singapore, set it aside. The country is making new efforts to lure the foreign talent it needs to stay in the game as one of Asia’s preeminent global cities and hubs for business.

What the hawks didn’t get at Jackson Hole

By Daniel Moss
JACKSON HOLE is an unlikely place to look for rebels. Titans of global monetary policy sent out a largely unchallenged message from the Federal Reserve’s summer retreat in Wyoming: Inflation is way too high and must be crushed, almost regardless of the cost to growth. Amid this festival of hawkishness, there were some nuanced and important voices from Asia that risk getting lost in all the hard talk. 

India’s Adani becomes world’s third-richest person

FEW OUTSIDE of India had heard of Gautam Adani just a few years ago. Now the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person.

Singapore mulls crypto leverage rules to reduce sector’s risks

THE MONETARY Authority of Singapore (MAS) is considering more ways to protect consumers who trade cryptocurrencies, joining a push by policy makers and financial regulators across the globe aimed at mitigating the risks of the sector, which remains largely unregulated.

War, inflation stoke Japan fears over food security

RUSSIAN MISSILES pounding Ukraine have spooked Japan into boosting defense spending. Now, with tensions rising over the Taiwan Strait, calls are growing to address another security threat: shriveling rice paddies.

World’s top central bankers deliver hawkish message at Jackson Hole

THE WORLD’S top central bankers delivered a stern and unified message on the need to curb inflation, declaring at Jackson Hole that it is broad based, here to stay and will require their forceful action.

Private jets to Ibiza, Paris surge as rich evade travel chaos

As EUROPE grapples with a summer of travel chaos, the wealthiest are increasingly taking matters into their own hands.

Listening to European electricity traders is very, very scary

By Javier Blas
EVERY WEEK, the people who trade electricity in the UK get to quiz the managers of the national grid for an hour.

China Telecom PHL partner sees profit for venture by 2026

China Telecommunications Corp.’s Philippine venture expects to post its first profit in as early as four years, the majority shareholder of the Southeast Asian...
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