Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
MONTREAL, April 29 (Reuters) - Canada's Quebec province said on Monday it would maintain its existing rates for digital currency mining and will make enough energy to power an aluminium smelter available for the production of cryptocurrencies.
Quebec halted approvals for new digital currency mining projects last year so the mostly French-language province could weigh restrictions on their operations and whether to raise the rates they pay for power.
Bitmain Technologies and other companies are eyeing sites in energy-rich Canada, as digital currencies make price gains and countries like China's plan to eliminate bitcoin mining.
Quebec's energy board said in a decision it would set aside a combined 668 megawatts of hydro electric power for digital currency mining. More than half of the energy is reserved for existing projects with the reminding 300 megawatts aimed at new business.
According to the decision, Quebec will favor projects that create jobs, or investments in the province and use the energy generated through mining for other purposes like heating neighboring buildings.
Bitcoin mining consumes large quantities of energy because it uses computers to solve complex math puzzles to validate transactions in the cryptocurrency, which are written to the blockchain, or digital ledger. The first miner to solve the problem is rewarded in bitcoin and the transaction is added to the blockchain.
"We don't think we will have any trouble attracting projects," said Jonathan Cote, a spokesman for state utility Hydro Quebec. (Reporting By Allison Lampert in Montreal Editing by Alistair Bell)