The Indian government is not reforming its banking sector quickly enough, as troubles such as high levels of bad loans hold back economic progress, a top consultant told CNBC on Thursday. Prime Minister Narendra Modi’s administration has done “many good things” such as implementing a goods and services tax and a new bankruptcy law, according […]
Read moreDan Morehead, chairman of digital currency exchange Bitstamp, said bitcoin and other digital currencies will likely become assets serious investors will want in their portfolios. “Bitcoin’s essentially going to revolutionize currency, or money,” Morehead said on Wednesday at the Sohn Investment Conference in San Francisco, which was attended by portfolio managers and asset allocators. “If […]
Read moreA Facebook post promoting a dating app was so explicit about its racism and discriminatory stance on foreign workers that many around the world thought it may have been fake. It’s now available for some users on Apple’s App Store. Herbert Eng, the founder of Singapore-based dating app HighBlood, first made waves in March when […]
Read moreThe gunman responsible for the deadliest mass shooting in modern U.S. history meticulously planned the event and spent decades acquiring weapons, while he lived a secret life, Las Vegas police said on Wednesday. Police also told a news conference that 317 of the 489 people injured in the Las Vegas shooting have been discharged from […]
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