Hackers may have gotten away with $60 million worth of bitcoin after a cyber attack hit the cryptocurrency mining platform NiceHash. Users highlighted the cyber breach on Reddit and Twitter Wednesday, with some saying they could lose hundreds of dollars. NiceHash lets people offer computing capacity for bitcoin miners to mine digital currencies. Cryptocurrency miners […]
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Merkel could be ready to lead a minority German government, minister says
Chancellor Angel Merkel could lead a minority government if current coalition talks with the German Socialist party collapse, according to the country’s deputy finance minister. “If the Social Democrats aren’t willing to actually compromise with us on the necessary issues like the question of how we remain a strong economic power … Then there can’t […]
Read moreConsumption and innovation will be the two major growth drivers in China in the years ahead as the economic giant moves into its next phase of expansion, a JPMorgan Chase expert said Thursday. In the next three years, China’s consumption will grow from the current $4 trillion to $6 trillion — an addition that is […]
Read moreChina’s e-commerce giant Alibaba said on Thursday it signed an agreement with Ford Motor on strategic cooperation to jointly explore areas such as connectivity, cloud computing and artificial intelligence. “The agreement aims to explore new ways to redefine how consumers purchase and own vehicles, as well as how to leverage digital channels to identify new […]
Read moreLarge military drills being carried out by the United States and South Korea and U.S. threats of a preemptive war against Pyongyang have made the outbreak of war on the Korean Peninsula “an established fact”, North Korea‘s foreign ministry said. A spokesman for the North’s foreign ministry also blamed “confrontational warmongering” remarks by U.S. officials […]
Read moreChina has an ambitious plan to become a global leader in innovation and technology, and that could potentially bode very well for German multinational company Merck KGaA. The company is one of the leading names in science and technology and does business across three sectors: health care, life science and performance materials. The latter two […]
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Europe points to slightly higher open as investors await news on US tax reforms
European markets are expected to open slightly higher on Thursday morning, as investors turn their attention to the States, awaiting more developments concerning tax reform and geopolitics. The U.K.’s FTSE 100 is expected to open 12 points up at 7,359, while the German DAX is set to open 36 points higher at 13,033 and the […]
Read moreChina’s growth rate will be “much, much lower” when Beijing gets a grip on controlling debt, a finance professor at one of China’s top university said Thursday. “I have absolutely no doubt that once Beijing is able get control of the growth in credit — which they are a long way from doing — growth […]
Read moreMedia giant Time Inc.’s acquisition by Meredith is key to boosting its digital business, offering it a fighting chance against “giant tech monsters” like Facebook and Google, the company’s chief content officer, Alan Murray, said Thursday. The $2.8 billion deal, backed by an affiliate of billionaire brothers Charles and David Koch, was announced in November. […]
Read moreChina’s economy may be set for a gradual slowdown, but the world’s largest cosmetics company isn’t worried about business in the country being negatively affected. Instead, L’Oreal is pinning its hopes on the growing affluence of China’s middle class. “The growth potential [is] I believe unlimited in China because of this rise of [the] middle […]
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