Unstable loans and escalating levels of global debt could plunge the world into another financial crisis, departing German Finance Minister Wolfgang Schaeuble told the Financial Times in an interview published Sunday. “Economists all over the world are concerned about the increased risks arising from the accumulation of more and more liquidity and the growth of […]
Read moreBitcoin staged a rally over the weekend to hit a one-month high despite experts warning of a potentially volatile upcoming event for the cryptocurrency. The digital currency traded at $4,626.26 on Monday morning at 4 a.m. London time, its highest level since September 8, according to data from industry website CoinDesk. It was up over […]
Read moreUber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities. The move follows a similar one-year suspension in Finland in July to allow a new taxi law to come into effect, however there is […]
Read moreWith Catalan separatists contemplating whether to declare independence for the autonomous region, experts have detailed how the national government could react as tensions in the region rise. The illegal October 1 referendum recorded 90 percent of Catalans voting in favor of independence, yet under half of the population voted, according to the Catalonia government. Meanwhile, […]
Read moreThe potential constitutional crisis facing Madrid has not gone away and could reach a decisive point this week, despite a mass protest in favor of a united Spain on Sunday. Hundreds of thousands of people took to the streets in Catalonia Sunday to call for unity, voicing their opposition to last week’s non-binding and illegal […]
Read moreMajor European bourses are expected to open higher Monday morning, with investors watching political instability in Spain and a meeting of European finance ministers in Luxembourg. The U.K.’s FTSE is expected to start the day 2 points higher at 7,525, while the French CAC is seen up 14 points at 5,374. The German DAX is […]
Read moreVertex Ventures, the venture capital arm of Singapore state investor Temasek Holdings, said it has raised a $210 million fund to invest in Southeast Asian and Indian startups, exceeding its original target size of $150 million. Vertex plans to continue its strategy of investing in early-stage technology companies in Southeast Asia and India across enterprise […]
Read moreFaced with international sanctions and the potential threat of armed confrontation with the U.S., North Korean dictator Kim Jong Un consolidated power over the weekend by elevating his younger sister to a top political post. On Saturday, Kim used a meeting of the ruling Workers’ Party’s key policy-making body, known as the Central Committee, to […]
Read moreThe harvest moon has passed. No, it’s not that big orange-like thing that usually passes through the sky in late-fall, but rather the first full moon after the first day of fall. This year, it happened in October (last Thursday to be exact) which is the first time that’s happened in eight years. Usually, it […]
Read moreMaking a return at Wal-Mart used to take roughly five minutes. But the discount retailer is on a mission to slash that to 30 seconds, said Daniel Eckert, senior vice president of Wal-Mart Services and Digital Acceleration. The company will take its first step in early November – when it rolls out Wal-Mart’s Mobile Express […]
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