businessfast

Bitcoin

JPMorgan CEO says Bitcoin is ‘a hyped-up fraud’

JPMorgan CEO Jamie Dimon previously slammed Bitcoin as a “Ponzi scheme”. On Thursday, he told CNBC’s Squawk Box that crypto is a decentralised Ponzi scheme and that Bitcoin is just “hyped-up fraud.” Dimon says people have lost billions of dollars...

Opinion

End of China honeymoon?

Over the past 30 years, MNCs have enjoyed an increasingly open world. Taking advantage of a unipolar globe with relatively free flows of capital, trade and ideas, MNCs tapped capital from wherever they chose, built businesses optimised for global supply...

Technology

Uber not planning layoffs: CEO Dara Khosrowshahi

Ride-hailing giant Uber is not planning any company-wide layoffs, the US firm's boss said Thursday, bucking the downsizing trend in the tech sector.Uber employed some 32,600 drivers worldwide at the end of September, according to the company's last quarterly earnings...

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