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Singapore’s central bank, JPMorgan develop a blockchain system for cross-border payments

The Monetary Authority of Singapore (MAS), the country’s central bank, and investment banking giant JPMorgan have developed a blockchain prototype for cross-border payments.The post Singapore’s central bank, JPMorgan develop a blockchain system for cross-border payments appeared first on The Block. …read more […]

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MasterCard Launches ‘Fintech Express’ in Asia Pacific

Nov.10 — Ari Sarker, co-president for Asia-Pacific at MasterCard, discusses the launch of their “Fintech Express” platform in Asia-Pacific, how the platform works, their business strategy, blockchain technology, their pullback from Libra and his outlook for the company. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Singapore FinTech Festival in Singapore. …read more […]

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Fukushima to Become Solar, Wind Hub Using Farmland Tainted by Radiation

(Bloomberg) — Japan is pursuing a 300 billion ($2.75 billion) yen project to transform disaster-struck Fukushima prefecture into a clean-energy hub, with the development’s first solar farm scheduled to start in January.Building wind and solar farms on agricultural land tainted by radiation from the 2011 Dai-Ichi plant meltdown will help rejuvenate the area, which also suffered earthquake and tsunami damage, Masashi Takeuchi, the head of the energy division at the Fukushima prefectural government, said Monday.The venture includes plans for 11 solar farms and 10 wind farms with total capacity of 600 megawatts and is scheduled for completion by March 2024. …read more […]

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Two Teenage Protesters Shot by Hong Kong Police

Nov.10 — Hong Kong police confirm they shot two protesters Monday morning. Demonstrators had called for a general strike after a student protester died on Friday and pro-democracy lawmakers were arrested over the weekend. Bloomberg’s Dan Ten Kate reports on “Bloomberg Markets: China Open.” …read more […]

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Amazon's $1.5 million political gambit backfires in Seattle City Council election

Seattle voters, in a rebuke to heavy corporate campaign spending by Amazon.com, have kept progressives firmly in control of their city council, reviving chances for a tax on big businesses that the tech giant helped fend off last year. Amazon poured a record $1.5 million into a Super PAC run by the Seattle Metropolitan Chamber of Commerce to back a slate of candidates in the Nov. 5 council elections viewed as pro-business, or at least more corporate friendly than the incumbent council majority. Amazon, the world’s leading online retailer whose chief executive is billionaire entrepreneur Jeff Bezos, accounted …read more […]