WASHINGTON — Stephen K. Bannon, 10 months removed from the job of chief strategist to President Trump and five months after his ouster from the arch-conservative news site Breitbart News, is betting that Bitcoin and other cryptocurrencies can disrupt banking the way Mr. Trump disrupted American politics. Mr. Bannon won’t reveal very much about his […]
Read moreWeWork more than doubled its sales in the first quarter of 2018 to $342m, according to an internal memo seen by the Financial Times, accelerating from the fevered growth the shared office space provider achieved last year and bolstering its hopes for a new fundraising and eventual stock market listing. The company did not put […]
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China says its new jet to rival Airbus and Boeing will be ready to fly in 2021
Commercial Aircraft Corp of China (COMAC) aims to obtain type certification from China for its narrowbody C919 jet by the end of 2020, putting the state planemaker on track to meet its 2021 goal of delivering the first jet to its launch customer, a senior company executive said on Thursday. China’s domestically developed C919 jet […]
Read moreWith one of this week’s major central bank decisions in the books, investors are turning their eye to the European Central Bank’s decision on monetary policy, due out Thursday before U.S. equity markets open. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, told CNBC’s “Trading Nation” on Wednesday what investors should […]
Read moreThe Securities and Exchange Commission may be getting set to clear up confusion around whether and under what conditions initial coin offerings, and possibly alt-coins like ether and ripple, constitute securities. William Hinman, a key SEC official for formulating policy on bitcoin and blockchain, is speaking Thursday at Yahoo’s All Markets Summit: Crypto in San […]
Read moreVerizon has a new unlimited plan, one it hopes will appeal to the heaviest data users. Called “Unlimited Above,” the new plan is available starting June 18 and is priced at $20 more per line, per month than the company’s cheapest unlimited offering. For that extra buck, you are getting a bit more bang, with […]
Read moreChina’s government renewed its threat Thursday to scrap deals with Washington aimed at defusing a sprawling trade dispute as the White House prepared to release a list of Chinese goods targeted for tariff hikes. U.S. President Donald Trump has threatened to raise tariffs on up to $150 billion of Chinese goods in response to complaints […]
Read moreThe use of social media networks such as Facebook to consume news has started to fall in the United States as many young people turn toward messaging apps such as Facebook-owned WhatsApp to discuss events, the Reuters Institute found. Usage of Facebook, the world’s largest social network, for news is down 9 percentage points from […]
Read moreRussia’s government has proposed raising value-added tax (VAT) to 20 percent from 18 percent, starting from 2019, Prime Minister Dmitry Medvedev said Thursday. Medvedev said the so-called “tax maneuver,” which envisages a gradual increase in the mineral extraction tax (MET) and a cut in export duties on oil and refined products, was on track to […]
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Italy could try to block the EU-Canada trade deal to protect its famous foods
Italy’s agriculture minister suggested the country will not ratify a free trade agreement between the EU and Canada, saying that it doesn’t do enough to protect the nation’s specialty products. “We will not ratify the free-trade treaty with Canada because it protects only a small part of our PDO (Protected Designation of Origin) and PGI […]
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