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Hypothesis is mounting over the whereabouts of the Chinese billionaire Jack Ma, who has not been seen or heard in public for more than two months. Ma, the co-founder and former chairman of the technology firm Alibaba, has fallen out of favour with China’s leadership. In late October, he stood alongside senior officials and delivered […]
According to the UN’s trade and development agency, UNCTAD that the tragic human consequences of the COVID-19 coronavirus epidemic, the economic unacertainty it has sparked will likely cost the global economy $1 trillion in 2020. “We envisage a slowdown in the global economy to under two per cent for this year, and that will probably […]
By Trista Kelley, Gold is the asset to buy in times of geopolitical strife, says Goldman Sachs. As tensions between the US and Iran ratchet up, oil has spiked along with gold prices as traders fear energy supply disruptions and flock to safe-haven assets. Iran on Sunday said it will withdraw from the 2015 nuclear deal, […]
China banned bitcoin and cryptocurrency exchanges in 2017 and some took Xi’s blockchain comments as a sign the country could ease bitcoin and crypto restrictions.
Capitalism is taking some lumps—and not just in the headlines. For only the second year in a decade, both the number of billionaires and their total wealth shrank, proving that even the wealthiest are not immune to economic forces and weak stock markets. By our latest count there are 2,153 billionaires, 55 fewer than a […]
Article by Sean Fleming Senior Writer, Formative Content Can a map save lives? Facebook thinks so. Using satellite photos and artificial intelligence (AI), the company has created a high-resolution map of population density in Africa that it says is more detailed than any of its predecessors. To create the map, publicly available images were broken […]
By Howard Mustoe During the past two years, the pound has had a rough time of things when it comes to its price against the dollar and other currencies. The immediate aftermath of the Brexit referendum saw sterling decline sharply in value. And as the vote on the UK’s withdrawal deal from the European Union […]
By Zanny Minton Beddoes JUST a year ago the world was enjoying a synchronised economic acceleration. In 2017 growth rose in every big advanced economy except Britain, and in most emerging ones. Global trade was surging and America booming; China’s slide into deflation had been quelled; even the euro zone was thriving. In 2018 the […]
The US economy grew at its fastest pace in nearly four years in the second quarter, expanding at an annualised rate of 4.1%, official figures show. The gains were driven by strong consumer spending and a surge in exports as firms rushed to beat new trade tariffs. US President Donald Trump described the acceleration as […]
Article by Romain Dillet In what could be the biggest one-day drop of all time, Facebook shares opened at $174.89, down 19.6 percent compared to yesterday’s closing price of $217.50 (NASDAQ:FB). When it comes to market capitalization, Facebook was worth $629.6 billion yesterday. The company is now worth $506.2. In other words, Facebook has lost $123.4 billion in value […]
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By Trista Kelley, Gold is the asset to buy in…
The bitcoin loophole claims it has sophisticated trading software that…
Bitcoin hit another major milestone this summer, gaining its highest…
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