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Facebook To Create New Currency Called Libra Powered By Blockchain Technology

‘Being able to use mobile money can have an important positive impact on people’s lives because you don’t have to always carry cash, which can be insecure, or pay extra fees for transfers. This is especially important for people who don’t have access to traditional banks or financial services. Right now, there are around a billion people who don’t have a bank account but do have a mobile phone’, Says Facebook CEO Mark Zuckerberg


Trade Tensions Kick Asian Business Confidence To 10-Yr Low: Thomson Reuters/INSEAD Survey

The Thomson Reuters/INSEAD Asian Business Sentiment Index tracking companies’ six-month outlook worsened in the three months ended June to 53, versus 63 in the previous two quarters. A reading above 50 means optimistic respondents outnumbered pessimists, but worries about the threat of a prolonged trade war drove the index to its lowest since the June quarter of 2009