Bitcoin just broke past the $6,000 mark after reports China is rolling back on cryptocurrency ban October 20, 2017 Bitcoin has surged past the $6,000 mark. A tweet by Swiss blogger @Russian_Market attributed the increase to the fact that China has published no further ban on the cryptocurrency. Bitcoin is surging after no further ban published in China— Russian Market (@russian_market) October 20, 2017 The news comes a month after China clamped down on [...]
Mondi share price (LON:MNDI) falls after it warns on profits October 11, 2017 Shares in packaging products company Mondi sank this morning after it warned its profits would miss expectations due to cost pressures and negative currency impacts. In a trading update for the half-year to the end of June, Mondi said it expects a strong final quarter supported by higher average selling prices and good growth, but [...]
There was a bitcoin flash crash this morning: Here’s what happened | City A.M. October 10, 2017 Bitcoin prices had a flash crash today following Russia’s decision to ban websites of exchanges that offer cryptocurrencies. According to CoinDesk’s popular price index, which aggregates prices from four exchanges, the digital currency fell more than $600 in just a few minutes. After plummeting to below $4,200, prices have since bounced back up to trade [...]
20 years since Deep Blue: Garry Kasparov on the human-machine relationship October 9, 2017 When Garry Kasparov was defeated in a game of chess by IBM’s Deep Blue in 1997, it represented more than just a PR exercise from an opportunistic computer manufacturer looking to bump its share price. For many, it signified the start of the end of human supremacy: the machines had won. Today, 20 years later, [...]
Swedish design creatives in Malmo and the surrounding Skane region are challenging Stockholm for the crown October 2, 2017 For ancient history buffs, it’s Rome or Stonehenge; for foodies, it’s Le Marais or Tuscany; for design nerds, home is Sweden. There’s something about its laidback charm, its rustic, uncluttered décor that’s universally appealing. But there’s a feeling that its capital, Stockholm, has lost a little of its moxie. Sky-high property prices and an ultra [...]
Facebook has finally bowed to pressure to release Russian-bought election ads September 22, 2017 Facebook has said it will release more than 3,000 ads thought to have been bought by Russian agencies during the US election. The company, which has come under pressure from US politicians to reveal the ads, said after an “extensive legal and policy review”, it had decided to comply with requests. “This has been a [...]
The EU is prepared to bend the rules on Russia – when it’s in Germany’s interests September 21, 2017 The EU is in a fix. It perceives danger on its Eastern frontier from Russia, yet its energy and climate policies make it ultra-dependent upon it for energy supplies. There is no doubt that Germany is the driving force behind the EU. It is the bloc’s industrial powerhouse and exporter, and also provides much of [...]
Brexit: EU Withdrawal Bill passes after MPs traded barbs in late-night debate September 12, 2017 Theresa May’s government won the first vote on the EU Withdrawal Bill in the early hours of this morning, 318 votes to 296. Prominent Remain campaigner Anna Soubry told the House earlier in the evening: “We must begin the process [of leaving the European Union] and see it through…”. However, the government looks set to [...]
What Jean-Claude Juncker won’t tell you about the real state of the EU September 11, 2017 On Wednesday, the president of the European Commission, Jean-Claude Juncker, will give his annual State of the Union address in Strasbourg. He will have you believe that all is well in the EU Land of Milk and Honey. But let us take a closer look at the real state of the EU. Read more: Barnier: [...]
China’s President Xi Jinping says emerging markets are ‘main engine’ of growth as services sector surprises September 5, 2017 Chinese President Xi Jinping today described emerging economies as the “main engine of global growth”, as economic indicators portrayed an economy making strong progress ahead of a crucial Communist party congress next month. Xi told fellow world leaders that emerging markets must “jointly seize the historical opportunity arising from the adjustment of world economic structure”, [...]