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Facebook’s Libra cryptocurrency gets revamp in response to backlash
By Brenna Hughes Neghaiwi and Tom Wilson ZURICH/LONDON (Reuters) – Facebook’s <FB.O> planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval. The prospect of Facebook’s 2.5 billion users adopting Libra has led to intense scrutiny from global regulators, with […]
North Korean leader Kim Jong-un says his ‘invincible’ army is ‘absolutely loyal’
North Korean leader Kim Jong-un has claimed that his commanding officers are “invincible” and “absolutely loyal” to his ruling Worker's Party. He made the claims during a gathering of military educators over the weekend, Pyongyang's state media reports The conference was organised by the Central Committee and Central Military Commission and took place at the […]
U.S. government posts $13.3 billion deficit in December
WASHINGTON (Reuters) – The U.S. government recorded a $13.3 billion budget deficit in December, the Treasury Department said on Monday. That compared to a budget deficit of $13.5 billion in the same month the year earlier, according to the Treasury’s monthly budget statement. Analysts polled by Reuters had forecast a $15 billion deficit for the […]