With the digital currency bitcoin more than doubling its value since the start of the year, Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, analysts and market practitioners said. Website outages… Read More ›
Economy & Finance
British Airways still experiencing disruptions: Heathrow Airport
The airlines has advised passengers to not travel to the airport unless they were rebooked on other flights. On Monday, London’s Heathrow Airport disclosed that some flights of British Airways are still affected by the global computer system failure. British… Read More ›
A bull in a China shop
With the U.S. embracing increased protectionism despite its posturing in the G7 meet, German Chancellor Angela Merkel has voiced the markings on the wall. The executive summary of last week’s G7 and NATO meeting, comes down to just one line,… Read More ›
Korean Peninsula heating up in the wake of missile launches by the North
The economic consequences of a limited skirmish are enormous. In its latest defiance of world pressure, North Korea has fired, at least, one short-ranged ballistic missile on Monday which landed in the sea off its east coast. The Scud-class ballistic… Read More ›
IMF Official Says Within 3 Weeks, Greece On Track To Reach A Deal With Creditors
An IMF official reportedly told the media that the upcoming payment deadlines that will force through a deal, is the biggest guarantee that Greece and its creditors will finally reach an agreement on its debt burden. Certain economic forecasts –… Read More ›
This Is Where The New Economic Risks Are In A Post-Crisis World: RBI Ex-Chief Rajan
Raghuram Rajan, the former governor of the Reserve Bank of India, said that economic risks have spread elsewhere even though the world’s banks have become safer since the global financial crisis. “Almost certainly lightening doesn’t strike twice in the same… Read More ›
Trump’s weapons sale to Riyadh comes under Senate Foreign Relations Committee scrutiny
The sale of high-tech weapons and ammunitions to an indiscriminate ally has been one of the reasons based on which a similar sale of weapons to Riyadh had been blocked by the previous U.S. Administration. With the U.S. Senate Foreign… Read More ›
Jared Kushner, Trump’s son-in-law, under FBI scrutiny: media reports
The outcome of the investigation by the FBI, several congressional committees and by a special counsel appointed by the Justice Department will have serious economic consequences for the United States. According to NBC News reports and the Washington Post, Jared… Read More ›
Production Cuts Extension For Nine Months Agreed Upon By OPEC And Non-OPEC Members
After November’s landmark deal failed to clear a global supply overhang, OPEC announced it would extend cuts in oil output by nine months to March 2018 on Thursday. The 1.8 million barrel per day supply cut will roll over until… Read More ›
A vulnerability in Samba raises fears of another WannaCry-like worm
Organisations, companies and individuals running Samba are highly encouraged to update the software. It took researchers only 15 minutes to exploit this vulnerability. Cybersecurity researchers have warned of increased cyberattacks in the wake of a newly found vulnerability in a… Read More ›