Few European countries have experienced the economic rollercoaster that Ireland has in such a short period of time. Considered the poor man of Western Europe for nearly all of the 20th century, Ireland in the 1990s turbocharged itself to become a hub for transatlantic business and multinational investment, garnering the moniker “Celtic Tiger.” The country […]
Read moreBALI, Indonesia — Following massive plumes of smoke and volcanic eruptions over the weekend, Indonesian authorities raised their alert for the Mount Agung volcano here to the highest level possible on Monday. Indonesia’s National Board for Disaster Management said that the “potential for a larger eruption is imminent.” Authorities closed Bali Ngurah Rai International Airport, […]
Read moreEuropean stocks were seen lower on Monday morning on the back of weakness in Asian equities, while the euro reached a two-month peak against the dollar amid positive German data and hopes that a political crisis in the country can be resolved. The FTSE 100 is seen down by 12 points at 7,401; the DAX […]
Read moreRachel signed up for Raya in 2015. The 29-year-old hair stylist from New York was in the midst of a break-up with her then boyfriend. A close friend had suggested she would find a better type of man among the actors, models and musicians on the specialist dating site rather than in the open market […]
Read moreFor years China’s top officials have touted their ambitious policy priority to wean the world’s second-largest economy off high levels of debt, but there is not much to show for it. On the contrary, a Reuters analysis shows the debt pile at Chinese firms has been climbing in that time, with levels at the end […]
Read moreMembers of the Securities and Exchange Commission’s staff have been hearing recently from a former colleague with an urgent question: Why aren’t you cracking down on these initial coin offerings? Initial coin offerings are a relatively new method that entrepreneurs have used to raise money for start-ups, by selling custom-built virtual currencies. The practice has […]
Read moreBitcoin surged to yet another new record high on Monday, breaking a record set during the Thanksgiving weekend stateside. The cryptocurrency jumped to an all-time high of $9,671.84 hours after cracking the $9,400 level on Sunday, according to industry site CoinDesk. It later pared some gains to trade at $9,631.21 at 10:00 a.m. HK/SIN, rising […]
Read moreAsian indexes were mixed on Monday, with Japanese and Australian markets notching slight gains in early trade. Ahead, investors in the region will await the release of industrial profits from China. Japan’s Nikkei 225 rose 0.31 percent in early trade as the dollar inched slightly higher against the yen. Major automakers and tech names made […]
Read moreThe CEO of one of the world’s largest sovereign wealth funds has told CNBC that he sees continued growth for the Chinese economy. Mubadala, an Abu Dhabi-based fund, has invested in the country by partnering with tChina Development Bank Capital and China’s State Administration of Foreign Exchange to establish UAE-China Joint Investment Fund. Mubadala CEO […]
Read moreThe chief executive of one of the world’s largest sovereign funds has said that he doesn’t believe bitcoin is a “fraud.” Khaldoon Al Mubarak, who heads Abu Dhabi’s Mubadala Investment Company, said he was “still on the fence” with regard to bitcoin and blockchain technology, but that people should look at both with an open […]
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