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22 Jan | Richest 1% Pocketed 82% Of Wealth Generated Last Year, Oxfam Says

A new annual report published by Oxfam showed that 82% of the wealth created in 2017 went to wealthiest 1% of the world, while the poorest half of the...

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22 Jan | Former Uber CEO Travis Kalanick Gains US$1.4 Billion From Softbank Deal

Uber co-founder and ex-CEO Travis Kalanick saw his personal fortune rise by US$1.4 billion on paper after the completion of an investment deal between...

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22 Jan | US Stock Futures Drop As Government Shutdown Drags On

The Dow Jones Industrial Average futures fell as much as 101 points or 0.4% ahead of the start of trading on Monday as the US government shutdown stretched...

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22 Jan | Amazon’s First Automated Grocery Store Set To Open In US

Amazon is set to open “Amazon Go”, its first fully automated, checkout free grocery store in Seattle today after over a year of testing, according...

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22 Jan | Bitcoin Could Lose 90% Of Its Value This Year, Analyst Says

Peter Boockvar, the chief investment officer at Bleakley Advisory Group, thinks that bitcoin and other cryptocurrencies are in a “classic bubble“,...

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19 Jan | Ripple Rockets 50% Higher As Cryptocurrencies Recover After “Severe” Selloff

Cryptocurrency prices rose sharply today – with Ripple’s XRP soaring over 50% to US$1.60, bitcoin gaining 6.7% to US$11,887, and ethereum jumping 5.8%...

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19 Jan | South Korea Mulls Shutting Down All Cryptocurrency Exchanges

South Korean regulators are debating whether to shut down all cryptocurrency exchanges in the country, and said they would make a decision on this matter...

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18 Jan | Citi: Bitcoin May Shed Another 50% Of Its Value In Near Future

Citi analysts think that bitcoin prices – which have already plunged nearly 50% from an all-time high around US$20,000 hit in late 2017 amid fears of...

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18 Jan | China’s Economy Grows At 6.9% In 2017, Beating Analysts’ Expectations

Official data published by the Chinese government today showed that the country’s gross domestic product (GDP) grew at 6.9% in 2017 – exceeding last...

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18 Jan | Bitcoin Rebounds, Rising Above US$10,000 Again

The price of bitcoin – which tumbled below the US$10,000 level yesterday for the first time this year – rallied nearly 20% to around US$11,000 in Asian...

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