Dan Kitwood | Getty Images A visual representation of the digital Cryptocurrency, Bitcoin on October 24, 2017 in London, England. Mai Fujimoto, known as Miss Bitcoin in Japan, has become a type of “crypto evangelist,” blogging and tweeting about all things bitcoin. She said that although regulations built trust in the currency, bitcoin won’t be […]
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REVIVING the original Trans-Pacific Partnership (TPP), a trade deal between 12 countries around the Pacific Rim, is technically impossible. To go into force, members making up at least 85% of their combined GDP had to ratify it. Three days into his presidency, Donald Trump announced that America was out. With 60% of members’ GDP gone, […]
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ONLY one thing spooks the oil market as much as hot-headed despots in the Middle East, and that is hot-headed hedge-fund managers. For the second time this year, record speculative bets on rising oil prices in American and European futures have made the market vulnerable to a sell-off. “You don’t want to be the last […]
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BUOYANT financial markets meant that global wealth rose by 6.4% in the 12 months to June, the fastest pace since 2012. And the ranks of the rich expanded again, with 2.3m new millionaires added to the total, according to the Credit Suisse Research Institute’s global wealth report. The report underlines the sharp divide between the […]
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What explains the remarkable strength of corporate profits and the sluggish growth of real wages in recent years? One explanation is that industries are getting less competitive. Work by The Economist found that two-thirds of American industries were more concentrated in the hands of a few firms in 2012 than in 1997. Research by AXA […]
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IN THE first quarter of 2018 thousands of banks will look a little less profitable. A new international accounting standard, IFRS 9, will oblige lenders in more than 120 countries, including the European Union’s members, to increase provisions for credit losses. In America, which has its own standard-setter, IFRS 9 will not be applied—but by […]
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LAST year nearly 3.7bn passengers took to the sky on commercial jets. Few would have given much thought to exactly why their flight was scheduled at the time it was. Even fewer know about the tussles between regulators and airlines over how landing and take-off slots are allocated. For the past 70 years the business […]
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EUROPE’S largest pension fund, a scheme for Dutch public-sector workers called ABP, is much feted abroad for its efforts in “sustainable” investing. At home, however, where it provides pensions to one in six families and manages nearly one-third of pension wealth, it is suffering a crisis of confidence. By international standards, Dutch pensions are extremely […]
Read moreIran-Saudi Arabia tensions, a potential debt default in Venezuela and a territorial dispute in Iraq — those are just some of the reasons that geopolitics matters to the price of oil right now, according to the chief oil analyst at Energy Aspects. Speaking to CNBC on Thursday, Amrita Sen said that there were a number […]
Read moreFacebook will be the only place to watch 47 college basketball games this season. Multi-platform sports network Stadium announced on Thursday it was streaming 47 college basketball games exclusively through Facebook this season. The games feature teams from the Mountain West, West Coast Conference, Conference USA, and the Atlantic 10 divisions, including Dayton, Saint Mary’s, […]
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