Business

Eurozone CRISIS: EU member states ‘ILL-PREPARED for next financial MELTDOWN’

Eurozone CRISIS: EU member states ‘ILL-PREPARED for next financial MELTDOWN’ IMF first deputy managing director David Lipton warned how European Union member states are at risk from economic disaster unless they “strengthen their defences” ahead of a potential downfall. He drew attention to interest rates being lower now compared to their level before the crisis struck in 2008, meaning there ...

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Pound euro exchange rate: GBP fluctuates as German consumer confidence eases

Pound euro exchange rate: GBP fluctuates as German consumer confidence eases While the pound weakened yesterday in response to further Brexit uncertainty, the euro benefited from the release of better-than-expect German data. However, while the German IFO business confidence indexes showed improvement, today’s GfK consumer confidence gauge did not. The sentiment index came in at 10.4 rather than 10.8. Rolf Buerkl, a ...

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Bitcoin goes MAINSTREAM: Cryptocurrency wallet on WhatsApp set for release

Bitcoin goes MAINSTREAM: Cryptocurrency wallet on WhatsApp set for release Wuabit is a cryptocurrency wallet accessible via a chat interface in WhatsApp. The developers describe it as ‘software agent’ powered by specialised AI. Users simply type in commands like ‘send 0.05BTC to Vera’ and Wuabit will send the cash. By using a service as popular as WhatsApp, Wuabit hope to ...

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INTELLIGENCE FUSION: Demand soars for firm flagging danger spots and exposing fake intel

INTELLIGENCE FUSION: Demand soars for firm flagging danger spots and exposing fake intel From charting terrorist incidents and social unrest to plotting stabbings, drug networks, kidnappings and paedophile activity, the Durham-based company “helps security and intelligence teams across the world protect people, assets like energy supplies and reputations”, says founder and chief executive Michael McCabe. An ex-Army officer he set it ...

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False rally reveals laziness of bitcoin

False rally reveals laziness of bitcoin A brief flutter of interest earlier in the week saw BTC peep its head over that psychological $4,000 parapet, but it quickly scurried below like a mouse sensing the presence of a cat. To be fair, its twitching nose and whiskers were across the line long enough for plenty of observers to wonder if ...

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Recession LOOMS? Biggest indicator shrinks to NARROWEST level since 2007

Recession LOOMS? Biggest indicator shrinks to NARROWEST level since 2007 Ending the longest streak ever of being above 10 basis points, the narrower spread first emerged yesterday in the wake of the Federal Reserve’s decision to cease tightening monetary policy. Lacklustre German manufacturing data fuelled concerns over worldwide growth grinding to a halt, with the spread flattening even further on ...

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