Business

Hackers hit South Korean cryptocurrency exchange for $31.5M

Hackers hit South Korean cryptocurrency exchange for $31.5M

Bithumb holds cryptocurrencies worth 6.36 trillion won, including coins worth 416 billion won of its own, as of the end of 2017, it said in an audit report released in April. Mun Chong-hyun, chief analyst at ESTsecurity, said digital coins would continue to be juicy targets for hackers around the world. Bithumb has suspended all withdrawals and has asked customers not to deposit any more funds until further notice .


Microsoft staff asked boss to walk away from Trump immigration contract

Microsoft staff asked boss to walk away from Trump immigration contract

Still, the contract poses a PR headache for the company, when its CEO Satya Nadella has previously spoken out against the Trump's administration's stricter policies on immigration. Microsoft President Brad Smith posted a wide-ranging blog about US immigration late Tuesday night, addressing attempts by Congress to halt the separation of children from their families.


Trump Tariffs on Chinese Solar and Battery Products to Have Minimal Impact

Trump Tariffs on Chinese Solar and Battery Products to Have Minimal Impact

Trump's "irrational" move, and stock markets plummeted on fresh fears of a trade war . The Japanese yen strengthened to 110.02 against the dollar, up as much as 0.47 percent on the day, after President Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, fuelling trade war worries with Beijing .



Trump Accuses Canadians Of Smuggling US Shoes Because Of 'Massive' Tarrifs

Freeland, who was testifying before House of Commons trade committee, wouldn't tip the government's hand, but she committed to hitting back hard with retaliation similar to Canada's $16.6 billion response to the new US metal tariffs . He'll learn, he can't do that, ' Trump said. Alan Knuckman, chief market strategist at Agora Financial, offers insight into the selling from the trading floor in Chicago, and whether we'll see a bounceback by the close.


McDonald's to test paper straws in U.S.

McDonald's to test paper straws in U.S.

As of June 18, McDonald's will launch a test allowing consumers in some of its outlets in some United States cities, Norway and France - the company's second biggest market in the world - to choose between two alternatives to replace the highly polluting plastic straw .


Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

Donald Trump readies $200 billion in China tariffs, citing 'unacceptable' policies

USA stock markets fell sharply on Tuesday morning, following similar drops across the world, as investors feared that escalating tensions could trigger an global trade war . But Intel shares dropped 3.4 percent to $53.22 on Monday on news of a stock downgrade and investor concerns over tariffs. None of the tariffs could take effect for 60 days.