Finance

China warns trade war will directly hit US consumers & financial markets

China warns trade war will directly hit US consumers & financial markets American consumers will be the biggest losers if a full-fledged US-China trade war breaks out, Beijing has warned, after President Donald Trump signed a memorandum to impose new tariffs targeting over $50bn of Chinese imports. “The US’ persistence in advancing the Section 301 […]

Finance

Brazilian bishop ‘stole $600,000 from church collection plates’

Brazilian bishop ‘stole $600,000 from church collection plates’ A bishop and several priests in Brazil have been charged in connection with the theft of more than $600,000 belonging to parishioners. Police arrested Bishop of Formosa José Ronaldo Ribeiro as well as a number of other clergymen Monday after police found large quantities of cash during […]

Bitcoin Finance

‘Crypto-jacking’: Bitcoin rise prompts hackers to ditch ransomware for mining fraud

‘Crypto-jacking’: Bitcoin rise prompts hackers to ditch ransomware for mining fraud As bitcoin soared to the $20,000 mark last year, cyber-criminals increasingly turned their attention to cryptocurrency users. ‘Cryto-jacking’ cases catapulted in 2017 as cryptocurrency prices rose, according to new research. The sky-rocketing value of some cryptocurrencies in 2017 apparently prompted hackers to move away […]

Bitcoin Finance

Child abuse imagery ‘found within Bitcoin’s blockchain’

Child abuse imagery ‘found within Bitcoin’s blockchain’ Child abuse imagery has been detected in Bitcoin’s blockchain, according to a new study. The discovery potentially puts cryptocurrency users at risk, as anyone who downloads a blockchain could be held liable for illegal content. Researchers from RWTH Aachen University in Germany and the Data Protection Research Institute […]

Bitcoin Finance

‘Bitcoin is #1 priority’: NSA targeted cryptocurrency users globally, Snowden leaks show

‘Bitcoin is #1 priority’: NSA targeted cryptocurrency users globally, Snowden leaks show The US National Security Agency targeted Bitcoin users around the world, according to classified documents released by Edward Snowden. The revelations strike a blow to the financial privacy of bitcoin users, academics warn. The National Security Agency (NSA) managed to find ways to […]

Economy Finance Financial Crisis

Europe running out of dollars as US coaxes companies to bring money home

Europe running out of dollars as US coaxes companies to bring money home The European inter-bank market is going through the biggest shortage of US-dollar liquidity in nearly nine years. According to analysts, US tax reform may be behind the largest deficit since the financial crisis. As the Federal Reserve took a more hardline position […]

Bitcoin Finance

Bitcoin stumbles as Google plans to ban all cryptocurrency related ads

Bitcoin stumbles as Google plans to ban all cryptocurrency related ads Google has followed the lead of rival Facebook by announcing a ban of online advertisements promoting cryptocurrencies and initial coin offerings (ICOs), along with “other speculative financial instruments,” starting from June. You can’t invest in cryptocurrencies without fear of cybertheft, experts tell RT The […]

Breaking News Business Finance Stock Market

Outlook for UK financial services brightens, assets set to reach £1.5 trillion by 2020, EY finds

Outlook for UK financial services brightens, assets set to reach £1.5 trillion by 2020, EY finds A well-managed Brexit and stronger than expected economic performance will boost the financial services sector in the year ahead, according to an analysis from EY Item Club. The outlook for the UK financial services sector is better than many […]