Alexa

India fake news problem fueled by digital illiteracy

In the summer of 2018, rumors began circulating on WhatsApp groups about a kidnapping gang operating in India's western state of Maharashtra. The rumors eventually inspired a lynch mob that kille...

Bitcoin will not replace dollar as world’s reserve currency: Fed official

TAIPEI (Taiwan News) — The success of bitcoin is not threatening the U.S. dollar’s status as the world’s reserve currency, Federal Reserve official James Bullard told CNBC Tuesday (F...

Myanmar coup protests inflamed by poverty and coronavirus

It has been a week since Myanmar's military, the Tatmadaw, ousted the nation's democratically elected government and returned the country to military rule. Widespread public animosity toward ...

Top 10 Taiwanese Lunar New Year traditions

KAOHSIUNG (Taiwan News) — Lunar New Year is nearly here and Taiwan’s success in managing the Wuhan coronavirus (COVID-19) pandemic means that celebrations will largely be continuing as nor...

Military coup yet another blow for Myanmar's sagging economy

BANGKOK (AP) — The military coup in Myanmar is unlikely to do the country’s struggling economy, once considered a promising “last frontier,” any good at all. Myanmar's economy has l...

Taiwan banks offer new bills for Lunar New Year

TAIPEI (Taiwan News) — For Taiwanese wanting to put new banknotes in red envelopes for the upcoming Lunar New Year holiday, the country's state-owned financial institutions will provide a ba...

Bulgaria busts ring that made high-quality papers, banknotes

SOFIA, Bulgaria (AP) — Bulgarian authorities say they have broken a ring printing high-quality forged banknotes and documents, including a fake passport with the photo of actor Sylvester Stallone to i...

Man fined NT$135,000 for tearing up banknotes at Taipei hotel

TAIPEI (Taiwan News) — A man surnamed Chiu (邱) has been sentenced by the Taipei District Court to pay a fine of NT$135,000 (US$4,724) for tearing up banknotes worth NT$126,000. According to c...

Pope Francis promises European auditors 'clean finance' from Vatican

Pope Francis met with dozens of members of the Council of Europe's anti-money laundering outfit Moneyval on Thursday at the Vatican's Apostolic Palace. The Moneyval team has been in Rome since...

S. Korean tries washing money over virus fears, suffers loss

SEOUL, South Korea (AP) — Money laundering is not a good idea, as a South Korean found out when he or she put banknotes in a washing machine to remove possible traces of the coronavirus. ...

Cash, long a refuge in uncertain times, now under suspicion

BEIRUT (AP) — In troubled times, people have been known to hoard currency at home — a financial security blanket against deep uncertainty. But in this crisis, things are different. This time cash itse...

Filthy lucre: Paper money shunned for fear of virus spread

NEW YORK (AP) — In a world suffering a pandemic, cash is no longer king. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical c...

UN envoy: Military situation `increasingly dire' in Yemen

UNITED NATIONS (AP) — The U.N. special envoy for Yemen warned Thursday that the military situation in the war-torn country is growing “increasingly dire,” pointing especially to an alarming escalation...

What's Happening: Virus closes schools, but Louvre reopens

More school closures and the suspension of business travel are among the steps being taken around the world to fight the spread of the new coronavirus. These are some of the latest d...

No money for masterpieces: Louvre bans cash over virus fears

PARIS (AP) — The Louvre is no longer taking cash, because of the coronavirus outbreak. The world's most-visited museum is shifting to card-only payments as part of new measures that...