Posts tagged as currency

Zuckerberg defends Facebook’s currency plans before Congress

Thursday, October 24, 2019

Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company’s new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators. Representatives also grilled Zuckerberg on Facebook’s track record on civil rights, hate speech, privacy and misinformation — not surprising given the litany of scandals Facebook has been dealing with over the past two years. The…

EU seeks to deescalate Persian Gulf tensions

Monday, July 15, 2019

European Union nations were looking to deescalate tensions in the Persian Gulf area on Monday and call on Iran to stick to the 2015 nuclear deal, despite the pullout of the United States from the accord and the re-imposition of U.S. sanctions on Tehran. Dutch foreign minister Stef Blok said that “it is still not too late, but Iran really has to stick to its obligations.” Iran recently begun surpassing…

New Greek government faces swift test from creditors

Monday, July 8, 2019

Conservative party leader Kyriakos Mitsotakis was sworn in as Greece’s new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts. Mitsotakis, 51, was elected on a pledge to cut bailout-era taxes and ease draconian budget targets set by Greece’s creditors during the years of financial rescue — commitments that could be put to…