International sales of arms and military services grew again in 2016 after five years of consecutive decline, according to new data by the Stockholm International Peace Research Institute (SIPRI). The world’s 100 largest armaments firms posted total sales of $374.8 billion in 2016, 1.9 percent higher than in 2015, the research institute said Monday. SIPRI […]
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European markets set to start week higher ahead of Fed, ECB meetings
European stocks are expected to open higher on Monday morning as investors focus on two upcoming monetary policy meetings. The FTSE 100 is seen 29 points higher at 7,422; the German DAX is set to start up by 19 points at 13,182 and the CAC 40 is seen up by 9 points at 5,410, according […]
Read moreGermany‘s intelligence service has published the details of social network profiles which it says are fronts faked by Chinese intelligence to gather personal information about German officials and politicians. The BfV domestic intelligence service took the unusual step of naming individual profiles it says are fake and fake organizations to warn public officials about the […]
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IN THE latest—and possibly most alarming—in a recent string of allegations of racism against airlines, two black musicians claim they were downgraded from business class on a British Airways-branded flight in South Africa to make room for a white woman. Thabo Mabogwane and Bongani Mohosana, a South African musical duo known as Black Motion, purchased […]
Read moreDespite a mostly solid run of job growth, 2017 ends pretty much where it began — with a two-speed economy where wage growth is funneling to one end while the other lags behind. Friday’s nonfarm payrolls report brought with it news all too familiar to the post-crisis economy. The 228,000 jobs created formed a solid […]
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Start-up app adds cryptocurrency feature, has a ‘tough’ time during bitcoin rally
Customers of mobile-only banking start-up Revolut had a tough time accessing the app Thursday. The financial technology firm lets people spend and transfer money internationally without fees. But when it decided to allow users to buy, hold and exchange cryptocurrencies including bitcoin, Ethereum and Litecoin, some ran into difficulty. Revolut introduced a temporary queuing system […]
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SCENE: A pet shop with a bored looking proprietor. A customer approaches CUSTOMER: I’d like to buy a parrot. Upgrade your inbox Receive our Daily Dispatch and Editors’ Picks newsletters. Putting a price on Bitcoin Theresa May’s Brexit breakfast breakthrough The beginning of the end of China’s “weird architecture” Why did Martin Schulz call for […]
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Bitcoin mania could ramp up global efforts to dethrone the dollar, analyst says
Bitcoin mania could prove to be the flashpoint for some of the world’s largest oil producing countries to make a major move against the dollar, according to one commodity analyst. The world’s most popular cryptocurrency has skyrocketed in recent months, soaring above $19,000 on Thursday on the Coinbase exchange, before notching a huge decrease. Such […]
Read moreBrexit negotiators claimed Friday they had reached a crucial breakthrough in talks, after six months of intense discussions. CNBC highlights the main points from the new joint agreement. March 29, 2019 will be the cutoff point, or “specified date,” for citizens’ rights. This means that negotiators have agreed to keep the current rights applied to […]
Read moreUber’s licence to operate in the northern English city of Sheffield was suspended last Friday after it failed to respond to requests about the management of its taxi app, the local authority said. The firm can continue to operate until Dec. 18 and if it chooses to appeal the suspension, it can still run until […]
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