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The manufacturing Giant-Carillion goes into liquidation

The manufacturing Giant-Carillion goes into liquidation

Carillion to go into liquidation Construction giant Carillion is to go into liquidation, threatening thousands of jobs. The move came after talks between the firm, its lenders and the government failed to reach a deal to save the UK’s second biggest construction company. However, the government will provide funding to maintain the public services run […]

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IRAN’s Economic Woes Spurred up Anti-Government Protest

IRAN’s Economic Woes Spurred up Anti-Government Protest

ISTANBUL — Anti-government protests spurred by economic woes hit Iran for a third day Saturday, news agencies and social media reported, in what has quickly emerged as a significant challenge to the administration of President Hassan Rouhani. Demonstrators protesting price increases and high unemployment turned out in cities and towns across the country, defying police […]

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The 21st Century Slave Market and the Libyan Economy

The 21st Century Slave Market and the Libyan Economy

For migrants from sub-Sahran Africa, Libya was a destination even before Muammar Qaddafi fell in 2011, and the country turned itself in a boat launch to Europe. The dictator fancied himself as a munificent overseer of the continent below. When liberation struggles were underway against colonial masters, Qaddafi sent guns and money, and when the newly independent nations […]

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Cryptocurrency Mining Market NiceHash Hacked

Cryptocurrency Mining Market NiceHash Hacked

The cryptocurrency mining marketplace NiceHash has been hacked, its team said Wednesday. Posting on social media, NiceHash said that “there has been a security breach involving NiceHash website” resulting in a loss of funds. NiceHash, formed in 2014, serves as a marketplace for miners to rent out their hash rate to others. The announcement follows an […]

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Cloud Technology: The Future of New Business Models

Cloud Technology: The Future of New Business Models

Ten years ago, few would have imagined that employees could work entirely remotely or that an entire business infrastructure could exist on the internet. With the adoption of cloud computing, a service that allows companies to access processing and data storage through the internet, these business models are becoming a reality. Today, small businesses can […]

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Bitcoin Millionaire’s Shocked By New Stock

Bitcoin Millionaire’s Shocked By New Stock

Cryptocurrencies have been all the rage. And it’s no wonder when cryptocurrencies like Ethereum shot up 2,740% … Digital Cash surged 1,092% … and Bitshares jumped 1,446%. And while more fortunes might be made as the cryptocurrency market grows — one expert expects it to become a $200 billion market by the end of 2017 […]

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As the global economy picks up, inflation is oddly quiescent

As the global economy picks up, inflation is oddly quiescent

A FEW years ago, the news about the euro-zone economy was uniformly bad to the point of tedium. These days, it is the humdrum diet of benign data that prompts a yawn. Figures this week show that GDP rose by 0.6% in the three months to the end of September (an annualised rate of 2.4%). […]

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China imposes limit on oil supply to North Korean Peninsula

China imposes limit on oil supply to North Korean Peninsula

China announced Saturday that it will limit energy supplies to North Korea and stop buying its textiles under U.N. sanctions imposed over its nuclear and missile development, further reducing support from Pyongyang’s last ally. Exports of refined petroleum to the North will be limited to 2 million barrels per year, effective Jan. 1, the Commerce […]

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North Korea v US Faceoff: Trump sanctions CUT OFF money for Kim Jong-un’s weapons

North Korea v US Faceoff: Trump sanctions CUT OFF money for Kim Jong-un’s weapons

THE TRUMP administration has imposed sanctions on a Chinese bank in a bid to ‘cut off’ funding for North Korea’s nuclear weapons development. Here are live updates and breaking news. The US accused the Chinese bank of laundering money for Pyongyang and also imposed sanction on two Chinese citizens and a shipping company helping North […]

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The IMF nudges up its forecast for global growth

The IMF nudges up its forecast for global growth

In recent years the fund’s forecasts have proved over-optimistic APRIL is the cruellest month, breeding lilacs out of the dead land, and, in Washington, chirpy forecasts from the IMF that often prove a bit too chirpy. On April 18th the fund released its semi-annual World Economic Outlook (WEO), raising its forecast for global growth in […]

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