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Monthly Archives: December 2017

Bull market could explain a mania like bitcoin

Blame the stock market’s rally for the bitcoin craze that has swept financial markets these last few weeks. While debate rages over whether the digital currency is in a bubble, several market analysts say the cryptocurrency hype would not be possible unless financial markets overall were in the late stage …

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US will be ‘taking names’ on Jerusalem

Drew Angerer | Getty Images News | Getty Images U.S. ambassador to the United Nations Nikki Haley listens during a Security Council meeting concerning the situation in the Middle East involving Israel and Palestine, at United Nations headquarters, December 18, 2017 in New York City. Ambassador Nikki Haley is serving …

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Coinbase to investigate bitcoin cash price rise, insider trading

David Paul Morris | Bloomberg | Getty Images Brian Armstrong, co-founder and chief executive officer of Coinbase Inc. Cryptocurrency exchange Coinbase is investigating a price increase in bitcoin offshoot bitcoin cash that happened hours before it said it would launch support for the new digital currency. The price of the …

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BOE to allow EU banks to operate in UK as normal post-Brexit: BBC

Luke MacGregor | Bloomberg | Getty Images Pedestrians walk past the Bank of England (BOE) in the City of London, U.K. The Bank of England will on Wednesday unveil plans to allow European banks to operate in UK as normal post-Brexit, even in a “no deal” scenario, the BBC reported. …

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EU rules that Uber is a transport service, not a digital company

Leon Neal | Getty Images A phone displays the Uber ride-hailing app on September 22, 2017 in London, England. Uber is appealing Transport for London’s decision not to renew its operating license. Uber is a taxi company, according to a landmark ruling from Europe’s highest court. The European Court of …

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Mexico bus crash kills at least 12 people

MANUEL JESUS ORTEGA CANCHE/AFP/Getty Images Video grab of Mexican police officers standing guard in the area where a bus driving tourists to Chacchoben archaeological zone overturned in the road in Mexico on December 19, 2017 Twelve people died and 18 were injured on Tuesday in Mexico’s state of Quintana Roo …

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Mohammed bin Salman announces big spending

Faisal Al Nasser | Reuters A man holds a nozzle at a petrol station in Riyadh, Saudi Arabia October 8, 2017. According to analysts, a key feature of the budget was the explicit focus on structural reforms accompanying the increased spending. “The key is to look at what they’re spending …

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Geoffrey See of Choson wants to build new WeChat, Taobao

Ed Jones | AFP | Getty Images Women look at a mobile phone as they ride a tram in Pyongyang, North Korea. Even though U.S. and United Nations sanctions have weakened trade relations between China and North Korea since September 2017, it is still considered to be North Korea’s leading …

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Senate Republicans approve tax reform bill, sending it to House

Saul Loeb | AFP | Getty Images Senate Majority Leader Mitch McConnell (2nd R), alongside US Senator John Barrasso (L), Republican of Wyoming; and US Senator Orrin Hatch (2nd L), Republican of Utah, speaks after a meeting between US President Donald Trump and the Republican Senate Caucus at the US …

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THAAD-linked stocks slide on tour group ban

SeongJoon Cho | Bloomberg | Getty Images People take photographs at the observation deck on Mount Namsan in Seoul, South Korea on Aug. 11, 2017. The millions of Chinese nationals who travel across the world carry enormous clout. Investors in South Korea just got another painful reminder. Stocks in South …

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