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Kevin O’Leary says he will only buy bitcoin mined with clean energy, and none mined in China

Kevin O’Leary says he will only buy bitcoin mined with clean energy, and none mined in China

Key PointsKevin O'Leary says he will buy 'clean coin,' not bitcoin from ChinaCelebrity investor says he will only buy bitcoin mined sustainably in countries that use clean energy — and not "blood coin" mined in China."I see over the next year or two, two kinds of coin," he told CNBC's on Monday. "Blood coin from China, (and) clean coin mined sustainably in countries that use hydroelectricity, not coal."Bitcoin mining is extremely energy intensive, and as of April 2020, according to Statista."I'm going on the side of clean coin," said O'Leary.O'Leary did not elaborate on where he acquires...

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Abigail Ng
Apr 5
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Ahead of the Olympics, Japan's vaccine minister says he fears a virus uptick in Tokyo

Ahead of the Olympics, Japan's vaccine minister says he fears a virus uptick in Tokyo

Key PointsAstrazeneca's Covid vaccine is 'very important' for Japan, says ministerJapan is working closely with the International Olympic Committee to prepare for the Games and despite concerns about Covid-19 cases flaring, there are no plans to postpone, said Japan's minister in charge of vaccinations."Unless they decide otherwise, we just simply need to prepare for the Games, how to control the situation. I think it changes almost every day, so they need to be prepared for that. But I don't think they are thinking about postponing it," Taro Kono told CNBC's Martin Soong on Wednesday.The...

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Abigail Ng
Apr 8
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Vaccines are a national priority but not 'silver bullets' for reopening, Singapore minister says

Vaccines are a national priority but not 'silver bullets' for reopening, Singapore minister says

Key PointsSingapore's Covid vaccination effort is a 'key national priority,' says ministerSINGAPORE — Singapore needs a "suite of measures" beyond Covid vaccinations in order to open up its economy and allow international travel, said S Iswaran, the country's minister for communications and information.Some of those measures may include testing for Covid-19, he told CNBC's on Tuesday, as part of  "The way we see it, this has to be a suite of measures. Vaccinations are essential but they are not silver bullets," he said. "We need that to be complemented by a strong, robust testing regime, as...

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Abigail Ng
Apr 7
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'History will judge us harshly': Myanmar special envoy to the UN calls for tougher sanctions

'History will judge us harshly': Myanmar special envoy to the UN calls for tougher sanctions

Key PointsStrong, unified message needed, says Myanmar's special envoy to the UNSanctions on Myanmar's military need to get tougher as the regime escalates violence on the ground, the country's special envoy to the United Nations told CNBC this week."We need immediately international targeted, coordinated, tougher sanctions, both economically and diplomatically," said Dr. Sasa.Beyond punishing sanctions, the UN Security Council also needs to send a "unified and strong message" to stop this "crime against humanity" in Myanmar, he said.The Southeast Asian country has been in turmoil since the...

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Abigail Ng
Mar 31
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Oil slides, reversing early gains that pushed prices to highest level in more than a year

Oil slides, reversing early gains that pushed prices to highest level in more than a year

International benchmark crude futures jumped above $70 for the first time in more than a year on Monday, before giving back those gains and settling the session in the red.The surge in prices came after Saudi Arabia said its oil facilities were targeted by missiles and drones on Sunday. A Houthi military spokesman claimed responsibility for the attacks. traded as high at $71.38 per barrel, the highest level since Jan. 2020, while rose to $67.98 per barrel, a level not seen since Oct. 2018. However, oil ultimately retreated from those levels and finished the session lower. Brent shed $1.12,...

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Abigail Ng
Mar 8
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India is set to become a vital Covid vaccine maker — perhaps second only to the U.S.

India is set to become a vital Covid vaccine maker — perhaps second only to the U.S.

Key PointsIndia could become the world's second largest Covid vaccine maker, and analysts say the country has the capacity to produce for both its own population and other developing countries.Most of the world's vaccines have historically come from India. Even before Covid-19, the South Asian country produced up to about 60% of the world's vaccines — and can do so at a relatively low cost."India has been a manufacturing hub for vaccines … even before the pandemic, and should therefore be a strategic partner in the global inoculation against COVID-19," JPMorgan analysts wrote in a report...

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Abigail Ng
Feb 15
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North Korea may use missile tests as a way of 'forcing' Biden to pay attention

North Korea may use missile tests as a way of 'forcing' Biden to pay attention

Key PointsSINGAPORE — North Korea may launch missiles to send a "strong message" to President-elect and ensure Pyongyang continues to be a foreign policy priority in Washington, analysts told CNBC.NBC News on Saturday four days after Election Day. President has not conceded, and has filed multiple lawsuits in swing states amid unsubstantiated claims of voter fraud and illegal votes.Experts said Biden's priority will be to tackle the crisis and worries about the U.S. economy, but that North Korea could test weapons to make its presence felt."The coming weeks may see North Korea conduct a...

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Abigail Ng
Nov 12
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'Green shoots' are appearing in global deal-making activities, consultancy says

'Green shoots' are appearing in global deal-making activities, consultancy says

Keep Me Logged InKey PointsSigns of green shoots in global mergers and acquisitions activity: Morrow SodaliSome signs of recovery have emerged in the global deal-making market in the last six weeks, said the Asia-Pacific chief executive of consultancy firm, Morrow Sodali.It comes after a period where mergers and acquisitions saw a "very, very significant downturn" amid the in the first half of 2020, compared to the same period a year ago."In the last six weeks, we have seen some green shoots, and we've started to see some of those mega deals come back online," Christian Sealey told CNBC on...

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Abigail Ng
Aug 13
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China passes controversial national security law for Hong Kong

China passes controversial national security law for Hong Kong

Keep Me Logged InKey PointsThe top decision-making body in China's parliament has passed the contentious national security law for Hong Kong, according to a member of the Standing Committee of China's National People's Congress.Tam Yiu Chung, the sole Hong Kong delegate to the committee, confirmed on Tuesday that the law was passed. Reuters cited Cable TV as saying the law was passed unanimously.It came one day before the anniversary marking Hong Kong's handover from the U.K. to mainland China on July 1, 1997.Hong Kong — a former British colony governed under the "one country, two systems"...

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Abigail Ng
June 30, 2020
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France has seen a 30% to 40% fall in tourists following the coronavirus outbreak: Finance minister

France has seen a 30% to 40% fall in tourists following the coronavirus outbreak: Finance minister

France’s tourism sector has taken a beating following the coronavirus outbreak, according to the country’s finance minister. “We have less tourists, of course, in France, about 30%, 40% less than expected,” Bruno Le Maire told CNBC’s Dan Murphy on Sunday at the G-20 Finance Ministers and Central Bank Governors’ Meetings in Riyadh, Saudi Arabia. “That’s, of course, an important impact for the French economy,” he said. The new coronavirus infection first surfaced in late 2019 in the Chinese city Wuhan, and the disease has since killed nearly 2,500 people in China. Amid travel bans and...

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Abigail Ng
February 24, 2020
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