On Wednesday16th December 2020, the volatile currency Bitcoin gained 170 per cent this year and jumped 4.5 per cent to as much as $14, 800 ($20, 000)buoyed by demand from large investors keen on its potential for quick profits. IN November investors had a bumpy ride with the cryptocurrency peaked at £19, 000 before dropping…
The English Heritage unveiled blue plaque on the wall of Schomberg House on Pall Mall, London to commemorate the residence of Quobna Ottonah Cugoano, the author and campaigner in 1787 wrote one of the first exposes by an African of slave trading, criticising continued tolerance of horrors of the slave trade by the British Government…
Award-winning investigative Financial Times journalist Tom Burgis reveals a terrifying global web of corruption by following the dirty money that is flooding the global economy, emboldening dictators, and poisoning democracies, spanning Kremlin to Beijing, Harare to Riyadh, Paris to the Trump White House, all at a terrible human cost. A body in a burned-out Audi.…
In 1719 London, the year began well enough for London’s stock traders, working from their corner of the city, a narrow passage called Exchange Alley, buying and selling shares-dealing not in things but in numbers – was still new to the city. There was no fixed marketplace for traders in the paper. So those who…
Andrew Bailey the Governor of Bank of England has vowed to do “everything we can” to support the economy amid a resurgence of Covid-19 and said It was important that policymakers acted “quickly and strongly”, as the Bank announced a further £150bn of support, as lockdown could lead to a slower and bumpier recovery. The…
HSBC has reported a 35 per cent fall in pre-tax profits for the three months to the end of September and wants to start charging for current accounts. Europe’s largest bank by assets is finding it difficult to charge more for loans than it pays out to depositors as the interest rates are the…
35-year-old Mohammed bin Salman is the pivotal leader of the Arab World, Crown prince who became king in 2015 and de facto ruler of Saudi Arabia, ended the House of Saud’s consensual model of an absolute monarchy with no absolute monarch, seizing all the reins of power and urged forward social and economic reform. The…
The World Bank in its report said as much as 150 million people are likely to be in extreme poverty because of the Covid-19 pandemic by 2021. “Countries will have to prepare for a different economy post-COVID-19 by allowing capital, labour, skills, and innovation to move into new business sectors,” World Bank Group said further.…
Britain’s biggest bank HSBC allowed fraudsters to transfer millions of dollars around the world despite learning their scam, leaked secret files reveal. HSBC moved the money through its US business to HSBC accounts in Hong Kong in 2013 and 2014. Its role in the $80m ( £62m) fraud is detailed in a leak…
. Citigroup transfers $900m to Revlon lenders in error on behalf of the cosmetics company and claimed it was a ”clerical error” and wants its money back. Some hedge funds claimed Revlon was in default and reportedly denied giving Citigroup the money back. The $900m is reportedly similar to the amount Revlon’s lenders were seeking…