Venezuela’s ironic cryptocurrency distraction: the flaws of the Petro December 13, 2017 Last week Venezuela’s Maduro regime vowed to finally put an end to the nation’s economic woes by creating a sovereign cryptocurrency, the Petro. Falling oil prices coupled with years of corruption and economic mismanagement have created a toxic mixture of soaring inflation, rampant unemployment and a burgeoning underground economy. The Petro is being touted as [...]
Exclusive: Labour to meet Morgan Stanley after Jeremy Corbyn’s “threat” tweet December 13, 2017 Labour is seeking an audience with banking giant Morgan Stanley less than a fortnight after leader Jeremy Corbyn warned that his party was a “threat” to the investment bank. Shadow City minister Jonathan Reynolds is meeting one of Morgan Stanley’s most senior figures in the next few weeks in what he admitted would be a [...]
Huddersfield Town 1, Chelsea 3: Antonio Conte heaps praise on oft-criticised midfielder Tiemoue Bakayoko as Blues cruise December 12, 2017 Chelsea head coach Antonio Conte heaped praise on Tiemoue Bakayoko after the £40m midfielder went some way to silencing his critics as the Blues returned to winning ways at Huddersfield. Bakayoko, who was hauled off at half-time as Chelsea lost at West Ham on Saturday, opened the scoring, while further strikes from the impressive Willian [...]
Chris Tremlett: I fear another whitewash if England lose third Ashes Test against Australia at Perth December 12, 2017 Given they are 2-0 down, low on confidence, contending with niggly off-field distractions and set to play at the Waca which history suggests is not a happy hunting ground – I’m not particularly confident about England’s chances in the third Test. I also fear that if England lose in Perth and relinquish control of the [...]
Fitness advice: Why “toning up” should be struck from your list of health goals December 12, 2017 With 2018 rapidly approaching, this is the time of year people start to think about getting in shape and burning off the calories piled on over Christmas. The reason so many fail is that they don’t really understand what their goals are, which means the hard work and sacrifices don’t yield tangible results. The term [...]
Beaumgarten explosion: Gas prices soar after a deadly explosion at an Austrian pipeline hub December 12, 2017 An deadly explosion at a major gas pipeline hub in Austria today caused the UK’s natural gas prices to spike. The Beaumgarten site in Austria pumps gas throughout Europe from Russia. Gas Connect Austria, the operator, said the site had been shut down, and the fire brigade said one person had been killed and 18 [...]
ING CEO Ralph Hamers says what’s driving the value of cryptocurrencies like bitcoin and ethereum requires more understanding December 12, 2017 Ralph Hamers has said there isn’t yet enough detail behind what’s caused the unprecedented rise in value of cryptocurrencies such as bitcoin and ethereum. The ING chief executive was speaking to tech leadership platform Hot Topics during Money 20/20, a financial and technology event. He said: “How the value behind cryptocurrency is driven, how to [...]
London Waterloo delays: Train service disruption due to line side fire continues for second day running December 12, 2017 Severe delays caused by a line side fire at London Waterloo yesterday will continue today, National Rail has confirmed. The blaze caused significant train stock displacement across the whole South Western Railway network, meaning this morning’s train services may be cancelled, delayed, revised or have fewer carriages than normal. Disruption is expected until 7pm. What [...]
Saudi sell-off puts a lot at stake December 12, 2017 | City Talk Oil is getting more expensive. The price of crude recently jumped after OPEC agreed to extend the production initially agreed in November 2016. Having fallen to $29.64 dpb (dollars per barrel) in January 2016, it now looks settled at round about $50-60. It’s vital for the global economy that the price of oil settle. Since [...]
Which bank has the best current account? FCA to force banks to publish data on current account services December 12, 2017 High street banks will be forced to publish more information on their current account services to help customers to compare providers more easily under new rules outlined by the Financial Conduct Authority (FCA). The new rules will force all providers of personal or business current accounts to publish standardised data on their products. From August [...]