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BBCNEWS Asia Business Report July 13, 2024

Now on bbc news live to singapore for Asia Business report. Zuckerberg grilled on the hill. Us lawmakers challenge facebooks boss over his crypto currency plans. The rise of the robots. What they be helpful mechanical friends or just steal ourjobs . It isa it is a thursday. Good morning asia and have a world. Glad you could join us for this exciting addition of Asia Business report. I am rico hizon, lets start with critter currency because Facebooks Mark Zuckerberg has tried to reassure sceptical us lawmakers over the safety of their proposed Digital Currency libra. At a testimony in congress, us lawmakers attacked plans for the pay system warning it could be abused by criminals and terrorists. He told the hearing he understood the reservations about libr ....

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BBCNEWS Outside Source July 13, 2024

Quantum supremacy. I cant explain what that means, but David Shipman definitely can. Here in the uk, a major Police Investigation is under way after 39 people were found dead in a refrigerated lorry. It was found on the side of a road in an Industrial Park in the county of essex. That is not far from that is not farfrom london. These pictures show the lorry being driven away under police escort. The victims bodies were still inside. Its been taken to a secure facility for a forensic investigation. Heres the police. Early indications suggest that one of these people was a teenager. The rest are believed to be adults. A Murder Investigation was launched and the lorry driver, a 25 year old man from North ....

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CNBC Squawk Box July 13, 2024

Week price premier will lead negotiations for china is telling dignitaries his offer to the u. S. Will not include commitments on reforming chinas industrial policy. These are some of the big demands the Trump Administration has been making in the trade talks. Update now on the crisis in hong kong. The city is struggling to recover after a night of violent clashes. Protesters defied government threats with Wearing Masks and were met with tear gas they were threatened with a year in prison for hiding their faces. Police arrested dozens of protesters and bussed them away under new emergency laws chinas military threatened to arrest protesters who aimed laser lights more protests planned for tonight. Some grocery stores, other businesses have reopened after closing early yesterday. The metro is only partially functioni ining hooch of serious and in the just dont tweet about ....

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CSPAN2 Senate Banking Committee Hearing On Digital Currencies Blockchain July 14, 2024

The hearing will come to order. Last congress this Committee Held two hearings examining the currency ecosystem. Those hearings we heard about some of the developments that have occurred and tha and and tr ijokerin the marketplace since e creation in 2008. The potential benefits of the Digital Currencies and the concerns about the value of stability, quality and illicit uses market manipulation and privacy. Since then facebook announced its intentions to launch the system into Digital Currency that will be governed by the association comprised of up to 100 financial and nonfinancial members including facebook digital wallet service. Facebook project generated renewed interest in Digital Currency and watching generally including how they interact with u. S. A ....

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BBCNEWS Business Briefing July 14, 2024

Facebooks hugely ambitious plan to create its own Global Crypto currency has been under growing scrutiny since it was unveiled last month, and in a few hours time, the man in charge of the project will face a grilling from us lawmakers about what the company says is the future of money. Facebook says it wont go ahead with the launch of its libra crypto currency until regulatory concerns are addressed. The Digital Currency is particularly aimed at the estimated 1. 7 billion adults that the world bank claims dont have a bank account. China and india are top of the list. In a bid to convince people that it will be reliable, Facebook Says the currency will be backed by a reserve of assets, and has set up what it says is an independent body to oversee the currency, the libra association. Its 29 members include household names ....

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