Alibaba is planning a radical shake up to split off its logistics, cloud and local services from its main ecommerce business in a bid to bolster the ailing Chinese tech giant’s share price. The reorganisation will turn Alibaba into a holding group, with each of…

One of the biggest unknowns since the Federal Reserve started its historic rate-hiking campaign has been how many jobs could be lost from the central bank’s deliberate effort to slow down the US economy. So far, the labor market has stayed white hot, with unemployment…

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________DeFi newsAave today announced the launch of the stablecoin GHO on Ethereum’s Goerli testnet. The Aave Companies said that GHO (pronounced ‘GO’) is the…

Trafigura has alleged it has been the victim of a “systematic fraud” and faces a writedown in excess of half a billion dollars after discovering that shipments of nickel that it purchased failed to contain the metal.One of the world’s biggest commodities traders said in…

Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars.Justin Tallis | Afp | Getty ImagesTether on Thursday published its latest quarterly financials, with the world’s top stablecoin issuer stating publicly for the first time that it generated a profit. Tether, which is owned by…

Volodymyr Zelenskyy said he received “positive signals” from western allies about supplying military jets to Ukraine, even as some leaders expressed reservations about a step that could increase the risk of escalation with Russia. Zelenskyy, after taking part in an EU summit in Brussels, claimed…