Is facebooks new crypto currency a threat to Central Banks leading g 7 economies say they need to act fast to contain libra before it debuts in 2020 we have the details. And next time you. Take a good look under the hood things are popping up from brazil to iran. This is your Business Report im stephen beards in berlin thanks for watching how seriously are governments taking facebooks plans to launch its cryptocurrency currency libra next year serious enough that Finance Ministers from 7 leading global economies spent much of wednesday talking about how to rein in the coin they focused on concerns like Money Laundering and Data Security but they also worried about what libra might mean for the global monetary system. The castle north of paris provided grand surroundings for the big discussion of the day arriving in shanty financial
leaders said they were determined to ensure the Regulator Recrown was prepared for the arrival of Facebooks Libra the given finance the g 7 Finance Minister
The BSE IT index has dropped 3 per cent in the last five days against a 1 per cent drop for the Sensex, with Infosys Ltd (down 4 per cent), Wipro Ltd (down 3.49 per cent), TCS (3.17 per cent), Tech Mahindra Ltd (down 2 per cent), HCL Technologies Ltd (down 2 per cent).
LTTS reported a net profit of Rs 315.4 crore on Tuesday, up 5.2% over the year for the second quarter. In line with larger peers, Infosys and HCLTech, the company has also slashed its revenue growth guidance for the fiscal from 20% to 17.5-18.5%, due to “delayed decision making”.
new york is the largest city to pass this kind of legislation. so far, michigan is the only state in the country that has laws banning weight discrimination. advocates want new york state to be next. that brings us to the end of asia business report at this hour. i want to tell you about how the exercise company peloton is recalling over 2 million bikes over fears that the seats could detach during use. owners have been advised to stop using the bikes and the company has received numerous reports of injury including lacerations and a fractured wrist. the bikes soared in popularity during the pandemic after gyms closed but it has since been struggling. its advertisements have been mocked as sexist and its treadmill was recalled for safety issues and it shares plummeted 75% in 2021, in part linked to the depiction of a sex and the city character, mr big, dying from a heart attack on one of their bikes. thanks so much forjoining me.