Developers in west London face a potential ban on new housing projects until 2035 because the electricity grid has run out of capacity to support new homes, jeopardising housebuilding targets in the capital. The Greater London Authority wrote to developers this week warning them that it might take more than Read more…
El Salvador’s finance minister defended the country’s strategy to adopt Bitcoin as legal tender even as critics urge the nation to ditch the experiment as the cryptocurrency world suffers through a bear market. Almost a year into the country’s bet on Bitcoin, Alejandro Zelaya said the digital currency has brought Read more…
Facebook parent company Meta has just reported its earnings for the second quarter of 2022, and it was another quarter of shrinking profits. Engadget reports: Total revenue of $28.8 billion was only down one percent compared to Q2 one year ago, but net income dropped 36 percent to $6.7 billion. Read more…
A bill was introduced in the Senate today that would prevent Americans from needing to disclose capital gains or losses on most smaller-scale crypto transactions. Introduced by senators Patrick Toomey (R-PA) and Kyrsten Sinema (D-AZ), the Cryptocurrency Tax Fairness Act would exempt reporting crypto transactions of less than $50, or Read more…
In early July protests broke out in Karakalpakstan, an autonomous region surrounded by deserts in Uzbekistan. It turned nasty on the evening of July 1 when the police began shooting people. The state said that at least 18 people died, with hundreds of others injured. The protests, which occurred in Read more…
Shoppers at a supermarket chain in southern England are being tracked by facial recognition cameras, prompting a legal complaint by a privacy rights group. Big Brother Watch said Southern Co-operative’s use of biometric scans in 35 stores across Portsmouth, Bournemouth, Bristol, Brighton and Hove, Chichester, Southampton, and London was “Orwellian Read more…
Saudi Arabia’s Crown Prince Mohammed bin Salman said they are planning an initial public offering of the Kingdom’s $500 billion megaproject Neom as soon as 2024. Talking to reporters in Jeddah, the crown prince said the Kingdom is setting aside $80 billion for Neom Investment Fund, where it would invest Read more…