Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Huawei claims it has developed its own operating system for smartphones and laptops for "extenuating circumstances."Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Stocks in Asia were mostly higher on Monday amid rising tensions between the U.S. and China.Asia Marketsread more
Current geopolitical tensions are making it harder and harder for oil-producing nations to make decisions that will help stabilize crude prices, Russian Energy Minister...Oilread more
Russian Energy Minister Alexander Novak said there were different options available for OPEC and its oil-producing allies in the second half of 2019, including a possible...Oilread more
The Australian Electoral Commission (AEC) on Monday said Morrison's coalition has won 76 seats in Australia's parliament, which is comprised of 151 elected lawmakers.Electionsread more
U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any...World Politicsread more
SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
The price of global cryptocurrency bitcoin spiked on Friday as the yuan dipped after Britain voted to leave the European Union.
Bitcoin moves are often counter-linked to the yuan because the majority of trade in the cryptocurrency comes from China. The yuan hit a five-and-a-half-year low on Friday, while the price of bitcoin jumped around 8.7 percent from the day's opening price, hitting highs of around $680.19, according to Coindesk which tracks the price of the cryptocurrency.
"We are seeing trading volumes almost $100 million traded in the past 24 hours, it's two or three times compared to a slow day," Bobbly Lee, chief executive of BTCC, one of the largest bitcoin exchanges in the world based in China, told CNBC by phone on Friday.
The value of bitcoin continues to be volatile. On Thursday, it plunged 25 percent since hitting a two-and-a-half year high on June 17 of $774.94. It is still not back at that level.
But it's important to note that Brexit is just one among several factors that have affected the bitcoin price in recent times. Sentiment was dampened when earlier this week, Hong Kong-based bitcoin exchange Bitfinex was closed for a few hours because of "networking issues" in the company's data center, it said on Twitter. The issues were fixed on the same day.
"The correction from a day or two ago had more to do with a technical correction that it did with Brexit," Lee said.