Warren Buffett thinks bitcoin will “come to a bad ending” as Berkshire Hathaway boss wades in on cryptocurrency craze January 10, 2018 The so-called Oracle of Omaha has become the latest high-profile investor to weigh in on bitcoin – as he gave an indication of his succession plans by promoting two potential heirs. Warren Buffett, the cherry Coke-swilling boss of investor Berkshire Hathaway, said “with almost certainty” that cryptocurrencies “will come to a bad ending”. During an [...]
Daimler invests in What3Words, a British tech startup mapping the entire world with words January 10, 2018 Daimler has taken a stake in an innovative British mapping startup that created an entirely new postcode system for Mongolia last year. The German carmaker behind Mercedes has taken a 10 per cent stake in What3Words, a startup creating a three word address for each nine square area on the planet. The deal, the value [...]
Emerging markets: How different local expectations can dramatically change the investing landscape January 10, 2018 | City Talk Most financial best practices originated in developed economies. And while best practices and ethical principles endure regardless of locality, they can be challenging to implement in underdeveloped markets where the operational framework may be quite different. There are certain unique challenges I face as a practitioner in the United Arab Emirates (UAE) that would be [...]
London mayor Sadiq Khan says it is vital government devolves more commuter routes to TfL after GTR franchise slammed as worst on rail network January 10, 2018 Sadiq Khan today said it was “vital” the government devolves more commuter routes to Transport for London (TfL) to tackle the “terrible services inflicted on London rail passengers”. His comments were in response to a new National Audit Office report, which found passengers on the Thameslink, Southern and Great Northern (TSGN) franchise suffered the worst [...]
British manufacturing records strongest output since 2008 January 10, 2018 British manufacturers sector produced its highest output since before the financial crisis struck at the end of last year, continuing their run of impressive growth over recent months. The three-month rolling average of the index of production reached 104.9 in November 2017, the highest since April 2008, when it was 105.5, according to the Office [...]
Sterling (GBP) falls as official data shows UK trade deficit widened in November January 10, 2018 The UK trade deficit narrowed by £2.1bn in the three months to November last year, according to the Office for National Statistics (ONS). However, the UK total trade deficit widened between October and November last year, “due primarily to an increase in goods imports of fuels from non-EU countries”. The pound had tumbled 0.32 per [...]
Facebook will take on Amazon Echo with smart home device Portal set for May launch January 10, 2018 Watch out Amazon, it looks like Facebook is about to muscle in on smart home territory. The social networking giant is poised to launch a device for chatting via video, according to a report, similar to Amazon’s Echo Show which is a smart speaker with a screen powered by the Alexa voice assistant. Read more: [...]
Ethereum price bucks negative trend of bitcoin and Ripple to reach an all-time high January 10, 2018 While nearly all major cryptocurrencies traded in the red today, ethereum shot up to an all-time high. Ethereum, which recently reclaimed its spot as the second biggest cryptocurrency by market capitalisation, rose to a high of $1,417 today, according to Coindesk’s aggregate price. Meanwhile, bitcoin dropped below $14,000 to trade down more than five per [...]
Hong Kong horse racing betting tips: Magic Moreira Encore can leave rival Purton trailing behind January 10, 2018 CHAMPION jockey Joao Moreira hasn’t had everything go his way so far this season. He may still lead the jockeys championship with 55 winners, but has opted to ride the wrong horse in too many races. Most notably when passing over last month’s HK International Sprint winner Mr Stunning – having ridden him to victory [...]
Can Virgin stay on track after its recent rail controversies? January 10, 2018 Over the past few months, various parts of Virgin’s rail operation have faced controversy. Recently, news broke that the Virgin Trains East Coast (VTEC) contract had been terminated three years earlier than planned. When former Labour minister Andrew Adonis resigned from his role as government infrastructure tsar he hit out at transport secretary Chris Grayling, [...]