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The Swiss city that lets you pay for most things with bitcoin
Posted onJohn LaurensonBusiness reporter, Lugano, Switzerland AFP via Getty Images Shops and restaurants across the Swiss city of Lugano now accept bitcoin In a McDonald’s by a lake surrounded by mountains, in the centre of the Swiss city of Lugano, a customer orders coffee. “Can I pay with bitcoin?” he asks, and the person behind the…
Trump temporarily blocked from firing Fed governor Lisa Cook
Posted onA federal judge has temporarily blocked President Donald Trump from sacking Federal Reserve governor Lisa Cook, who is part of the board responsible for setting US interest rates. The ruling is a win for the central bank in an unprecedented legal battle with the White House over the independence of the Fed. Last month, Trump…
Cloudflare apologises for outage which took down X and ChatGPT
Posted onA number of high-profile websites, including X and ChatGPT, went down for many on Tuesday, due to problems affecting major internet infrastructure firm, Cloudflare. Thousands of users began reporting issues with the sites, as well as other services, to outage monitoring site Downdetector shortly after 11:30 GMT. Cloudflare said th “significant outage” occurred after a…
Chip deal: Why the US is taking a cut from China sales
Posted onSuranjana Tewari Asia Business Correspondent in Singapore Getty Images Nvidia boss Jensen Huang has been lobbying the White House over China chip sales Unusual. Quid pro quo. Unprecedented. That is some of the reaction to news that two of the world’s tech giants will pay the US government 15% of their revenue from selling certain…
