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Bank of England sets out rules of engagement for Facebook’s Libra The Bank of England (BoE) had set out rules of engagement that Facebook’s cryptocurrency, Libra and other digital payment providers would meet before they can operate ...
Zimbabwe hikes electricity prices, affecting impoverished consumers Zimbabwe hiked its average electricity tariff by 320% on Wednesday in attempts to ramp up power supplies at a time of daily blackouts. However, the move has angered consumers ...
Metro Bank founder quits amid fallout from an accounting error Metro Bank shares jumped more than a quarter on Wednesday after its founder and chairman, Vernon Hill, quit following the wake of a significant accounting error that misclassified ...
Saudi private sector employment growth at 18-month high Growth in Saudi Arabia’s non-oil private sector increased in September at the fastest rate for three months. According to a survey showed on Thursday, an increase in output and ...
Crypto trading spikes in Hong Kong amid protests Bitcoin, as well as other significant cryptocurrencies, traded slightly higher on Thursday in Asia. According to data, trading in digital coins spiked mostly in Hong Kong. Economists suggest ...
Kroger to lay off store employees amid improvement attempts Kroger Co. (KR.N) is considering to cut jobs of several store employees holding middle management roles amidst the supermarket chain’s push to improve delivery and in-store ...
The U.S. to apply 25% tariffs on Scotch whiskey, Italian cheese, and French wine The Trump administration had slapped 25% tariffs on French wine, Italian cheese, and single-malt Scotch whiskey exports in retaliation for EU subsidies on large ...
Visa and Mastercard Inc to reconsider backing Facebook’s Libra Visa (V.N), Mastercard Inc (MA.N), and other key financial partners may reconsider their involvement in Facebook Inc’s (FB.O) Libra. Initially, the financial backers ...
Exxon’s third-quarter earnings hurt by weak oil prices Exxon Mobil Corp’s operating profits fell last quarter for the fourth consecutive period. According to a regulatory filing on Tuesday, it showed all three businesses slumping ...
Sholz claims Germany can counter an economic crisis German Finance Minister Olaf Scholz said on Wednesday that Europe’s largest economy would be able to counter an economic crisis if there one. “We are all prepared because we have ...
Chip stocks propel gains in Europe European shares gained on Tuesday as Apple suppliers held the lead following reports of strong iPhone sales. Semiconductor makers jumped into the spotlight with AMS, Dialog, and STMicro posting gains in early ...
Thomas Cook owes $381 million to Turkey’s Tourism Sector Turkey’s Tourism Advisory Council said that it estimates that the travel agency, Thomas Cook owes the local sector around €350 million ($381.8 million). They added that ...
WeWork to withdraw ill-fated IPO WeWork’s parent company, The We Company, filed to withdraw its initial public offering a week after the SoftBank-backed startup ousted its founder Adam Neumann as its chief executive officer. The withdrawal ...
Brexit could commence without a deal, Sajid Javid says The United Kingdom would be able to leave the European Union on October 31st without a deal despite laws demanding a Brexit delay from the Prime Minister if there was no agreement. This ...
Dollar holds its own as investors seek shelter The U.S. Dollar found broad support on Monday as global political uncertainty and fears over a widening of the Sino-U.S. trade war kept investors in safe havens. The Dollar was backed ahead of ...
Japanese Govt. Bonds slips as investors wager on steepening yield curve Japanese government bond prices slipped on Monday as investors wagered that the Bank of Japan could adjust its policy to steepen the yield curve next month to address the ...
Turkish unemployment expected to rise 12.9% in 2019 Turkey’s unemployment rate is expected to rise from last year’s 11.0% to 12.9% in 2019. However, Finance Minister Berat Albayrak said that they expect it to fall 11.8% in 2020. On ...
Monzo closes premium accounts to new customers Monzo, the digital bank, has closed its fee-charging premium subscription to new customers after five months of launch and is also offering refunds to those who signed up. Following criticism by ...
China’s manufacturing may contract for its fifth month straight China’s factory activity is expected to have contracted for a fifth straight month in September, further adding to the country’s economic woes as the U.S.-China ...
Best Buy targets $50 Billion in Revenue by 2025 Best Buy Co. Inc. announced on Wednesday that it aims to rake in revenue of $50 billion and cut about $1 billion in costs by 2025 by ramping up its healthcare technology business. The biggest ...
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