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THESE are bright days in the euro area. Preliminary figures say that the currency zone’s GDP grew by 2.5% last year, the fastest since 2007. But many of the faultlines in the zone’s financial system, as revealed by the financial crisis, remain. A proposal published on January 29th by a group reporting to the European […]
AP Former US Director of National Intelligence James Clapper said Monday that Russian President Vladimir Putin is handling President Donald Trump as an intelligence “asset.” Trump has frequently praised the Russian leader and expressed the desire to foster closer ties with Russia. The two also share similar views on a number of topics, like the […]
Susan Walsh/AP The Federal Reserve raised its key interest rate 25 basis points to a range between 1.25% and 1.50% at the conclusion of Wednesday’s meeting. At the accompanying press conference, Fed Chair Janet Yellen was asked about bitcoin. Yellen called the cryptocurrency a “highly speculative asset” and said the Fed is not seriously considering […]
Photo by Ethan Miller/Getty Images Bitcoin came into existence in 2009 in part as a response to fears about financial intermediation and banking following the financial crisis of 2008. Aggressive rate cuts from the Federal Reserve and other central banks sparked fears, which proved unfounded, of high inflation that would sharply devalue major currencies. More […]
Cryptocurrencies and bitcoin have become the buzzwords of 2017. However, bitcoin is much more used as a commodity or asset rather than its original goal to be a replacement currency. “Bitcoin is a wonderful invention that has already begun to change the world, but at the moment it is too early to talk about it […]
Matjila, survivor THE rot in South African politics, which has eaten away at state companies, is spreading. This week McKinsey, a consultancy, apologised for the “distress” it had caused the South African people. Political mud had already drowned Bell Pottinger, a British public-relations firm, and forced resignations at KPMG, an auditor. So the shenanigans at […]
Published time: 19 Oct, 2017 22:54 Bolshevik leader Vladimir Lenin believes the Romanov family are a “valuable asset” to the Soviet regime as the socialist government seeks to enter into talks with the US and UK. Speaking to the Russian Telegraph (RT), as part of the #1917LIVE project, which relives the momentous events of the […]
(Reuters) — T-Mobile and Sprint plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. While it is common for companies not to unveil divestitures […]
Jim Tanner/Reuters North Korea, Charlottesville, border wall funding, Arpaio, two hurricanes, and North Korea (again) have collectively renewed a sense of social and political chaos in the United States in recent weeks, but you wouldn’t know it from looking at stock prices or credit spreads. Conversely, economic data in the US has been reasonably firm, […]
Chasing the money WHEN he was 12, Warwick Bartlett bought “100 Famous Greyhound Systems”, a guide for betting on dog races. After spending a year tracking every stratagem and picking the best two, he went to the races to take his first punts. He lost. Mr Bartlett, now the boss of GBGC, a betting consultancy, says […]
