Reactions to US, British strikes against Houthis in Yemen

WASHINGTON (Reuters) -The United States and Britain launched a series of strikes on Yemen on Thursday aimed at the Iran-backed Houthi militia that started targeting international shipping in the Red Sea late last year. Initial reactions from the U.S. Congress included: U.S. SENATE REPUBLICAN LEADER MITCH MCCONNELL "I welcome the U.S. and coalition operations against the Iran-backed Houthi...

Coinbase’s Bitcoin OTC trading volume reaches second-highest level in history

According to a Jan. 11 report by CryptoQuant, an on-chain and market analytics tool, Coinbase’s Bitcoin OTC trading volume reached $7.7 billion today. On Jan. 10, an official SEC filing revealed that spot Bitcoin ETFs had received approval for listing on all registered national exchanges in the U.S., including the Nasdaq, NYSE, and CBOE. This approval...

Exclusive-India data centre firm Yotta’s Nvidia AI chip orders to reach $1 billion -CEO

GANDHINAGAR, India : Indian data centre operator Yotta's plans to purchase more AI chips from its partner Nvidia will be worth $500 million, taking its total order book with the U.S. firm to $1 billion as Yotta beefs up AI cloud services, its chief executive told Reuters. Yotta said last month that it would place an order for...

Japan coast guard plane not cleared for takeoff before deadly runway crash, air traffic control transcript suggests

Tokyo CNN —  A Japanese coast guard aircraft which was struck by a passenger plane at Tokyo’s Haneda International Airport was instructed only to “taxi to holding point” and had not been cleared for takeoff, an official transcript of air traffic control communications released Wednesday suggests. The fatal accident saw Japan Airlines flight 516 crash into the coast guard aircraft...

Microsoft challenges Apple as world’s most valuable company

A recent dip in Apple's stock over worries about iPhone sales has left the Silicon Valley tech heavyweight in danger of being overtaken by Microsoft as the world's most valuable company. Fresh worries about smartphone demand have pushed Apple's shares down 4 per cent so far in 2024 after rallying 48 per cent last year. Microsoft...

Why a US bitcoin ETF is a gamechanger for crypto

The US Securities and Exchange Commission (SEC) on Wednesday (Jan 10) approved exchange-traded funds (ETFs) that track the price of bitcoin in a game-changer for the cryptocurrency industry which has been trying for more than a decade to launch such a product. Multiple asset managers have applied for bitcoin ETFs since 2013, but the SEC rejected them on...

Uniqlo operator Fast Retailing Q1 profit soars on strong overseas sales

TOKYO :Japan's Fast Retailing Co said on Thursday that strong overseas sales drove a 25 per cent rise in first quarter operating profit, as the Uniqlo operator charts a third-straight year of record earnings. Profit was 146.7 billion yen ($1.01 billion) in the three months through November compared with 117.1 billion yen a year earlier. The consensus...

Netflix advertising chief says ad tier crosses 23 million monthly users – Variety

Netflix's ad-supported tier has reached more than 23 million global active users per month, the Variety magazine reported on Wednesday, quoting the streaming giant's advertising chief Amy Reinhard. The ad tier plan was launched in November 2022 in 12 markets, including the United States, to attract more customers and add a new revenue stream as competition...

Malaysia anti-graft agency questions ex-PM Ismail Sabri in US$150 million publicity spending probe

Malaysia's anti-graft investigators have questioned former prime minister Ismail Sabri Yaakob as part of a probe into possible misconduct involving some RM700 million (US$150.86 million) spent on government publicity during a previous administration. In a statement late on Wednesday (Jan 10), the Malaysian Anti-Corruption Commission (MACC) said it had recorded a statement from Ismail Sabri in...