Prominent economist and San Francisco Fed President John Williams might become Fed Vice Chair next month, which could suggest a pivot to a more hawkish policy at the Federal Reserve.
The Fed chief of supervision says existing banking sector regulations are too tough and standardized, and could be relaxed and customized to promote commercial bank lending, investment, and stock market trading.
The encrypted messaging app Telegram is poised to launch its own cryptocurrency, backed by a massive initial coin offering, which could reportedly raise $2 billion. The company, however, is not commenting on the reports. Here is what is known so far about possibly the biggest ICO ever.
Protesters, representing a number of organizations, marched in the German capital on Saturday, calling for changes which would strengthen the economic position of farmers, facilitate fair trade and the quality of nutritional products.
UK Prime Minister Theresa May has blasted the Scottish National Party and the SNP government, as economic data suggests a significant economic deterioration north of the border since the SNP took power in 2007.
The Iranian car manufacturing company Iran Khodro and the German Daimler concern signed an agreement on the start of production of Mercedes-Benz cars in Iran from the Islamic new year (late March), the ISNA news agency reported on Friday.
Snap company, the creator of Snapchat messaging app, has issued a memo to employees threatening those responsible for leaks with jail time. The day after the memo was issued, the mass media published Snapchat confidential data in bulk.
The vessel was due to arrive in the United States on Saturday, but now it is heading back toward the Spanish port of Algeciras near Gibraltar.
Despite Volvo, the captain of Swedish industry, selling several of its branches to China, plans for a Chinese-owned "super harbor" have run into resistance in Sweden, with its opponents citing both environmental and security issues.
Natalya Kaspersky claimed that Bitcoin was designed to provide financing for US and British intelligence activities around the world. The expert called the cryptocurrency "dollar 2.0."
VLADIVOSTOK (Sputnik) - South Korea plans to increase the supplies of liquefied natural gas (LNG) from Russia, the Ministry for the Development of the Russian Far East said, citing head of South Korea's Northern Economic Cooperation Committee Song Young-gil.
Key macroeconomic indicators support the view of a modest expansion in the US economy, as cold weather conditions and the uncertain outlook on inflation have put restraints on GDP growth projections.
BAGHDAD (Sputnik) - Iraqi Oil Minister Jabbar Luaibi and the London-based multinational energy company BP have signed a memorandum of understanding aimed at expanding oil production in the oil fields of the country's northern Kirkuk province, an Iraqi oil industry source told Sputnik on Thursday.
Investors’ fears over Bitcoin and other cryptocurrencies have recently been multiplying due to reports that China and South Korea are preparing to tighten the screws on the digital money market.
Chinese business is expanding its presence in the European market, as investors seek to take the leading role from their American counterparts. In recent years, Chinese investment in the European Union has surpassed $100 billion, including in infrastructure and other key sectors.
The UK's departure from the European Union may have drastic consequences for Denmark's fishing industry, which at present is thriving off of fishing rights around the British Isles. Brexit is therefore predicted to cost hundreds of jobs, dealing a hard blow to the entire industry, a new report has found.
Regulators around the world are still debating how to address the risks posed by cryptocurrencies such as bitcoin, the world's most popular virtual currency.
Capital Economics economic research consultancy has said in its review that the world's most well-known cryptocurrency bitcoin (BTC) is a bubble that has already begun to burst. The analysts noted that most people bought bitcoin, not because of belief in its future, but because they expected it to rise in price.
Despite a spectacular surge in the price of bitcoin in 2017, which culminated in late December when it hit a whopping peak of $US19,783 before rapidly losing value, there seems to be evidence that the absence of regulation in the field could bring about a new economic crisis.
An initial investigation by the Delhi police has revealed that different gangs of fraudsters organize extravagant seminars in order to lure people into invest in local crypto-currencies, claiming that they will be 'the next Bitcoin'.
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