Amazon denies report of accepting bitcoin as payment

Amazon.com Inc. hasdenied a media report saying the e-commerce giant was looking to accept bitcoin payments by the end of the year. The report from London’s City A.M. newspaper, citing an unnamed “insider”, sent the world’s biggest cryptocurrency up as much as 14.5 per cent before it trimmed gains to last trade 6 per cent […]

Saudi Arabia freezes sale of its mega water plant

Riyadh: Saudi Arabia has halted the sale of one of the world’s biggest water plants, which had attracted interest from investors including France’s Engie SA, in a setback for the kingdom’s privatization plans. The Ras Al Khair desalination and power facility on Saudi Arabia’s east coast had cost more than $7 billion to build. The […]