A Tunisian friend of Justin Marozzi told him, “I’m embarrassed to be an Arab these days. Everywhere you look there’s chaos, fighting, bloodshed, dictatorship, corruption, injustice, unemployment. The only thing we’re leading the world in is terrorism”. For centuries the caliphate was both ascendant on the battlefield and triumphant in the battle of ideas, its…
China’s launch of a new technology focused stock exchange to rival Nasdaq on Wall Street has underlined the significance of state funding to the country’s fastest growing tech sector. Of the first 25 companies listed on Shanghai’s Starboard, 14 report state-owned investors among their top three shareholders . The first 25 listing, which raised $5.3bn,…
Investor exodus including Kent County Council, a longstanding backer asking return of £250m has forced Neil Woodford blocking redemption from his £3.7bn equity income fund after a catalogue of under performance, inflicting serious blow to the reputation of the UK’s highest profile fund manager. The freeze on redemption came exactly five years after Mr Woodford…
Bitcoin Billionaires is a tale of Winklevoss twins and their outrageous venture into the chaotic world of cryptocurrency bitcoin exploring the techno-ideological experiments and financial manias. Ben Mezrich, the New York Times bestselling author of the Accidental Billionaires and Bringing Down the House comes his latest Bitcoin Billionaires. Harvard educated identical twins Cameron and Tyler…
Alibaba, the Chinese ecommerce group, is overhauling its business model of a fast-growing subsidiary in an attempt to offer a complete international service which can challenge Amazon, the world’s largest online retailer. Trudy Dai, President of Alibaba’s wholesale marketplaces division AliExpress, which sells goods from Chinese retailers to customers in more than 150 countries –…
Silver has been the preferred shelter against government defaults, political instability and inflation for most people in the world because it is cheaper than gold. In 1979, prompted by the Iranian revolution, the silver price soared seven fold from $7 to $50 an ounce in less than 12 months – a great variance than the…
Torben Iversen, a Danish political science and professor and David Soskice, British economist and professor at the London School of Economics addresses does capitalism conflict with democracy with a resounding “no”, Not only capitalism work, it is also the only economic system that works and insists that democracy and the advanced market economy are symbiotic.…
The founder of the world’s largest Hedge fund Bridgewater Associates which is a global macro investment firm and Hedge fund guru Ray Dalio, simplifies the big debt meltdowns by analysing the issue into cause and effect. Dealing with Debt Crises is about spreading out the pain, and spread out the cost of the debt widely…
The Financial Conduct Authority who brought criminal prosecution, its second largest in terms of volume of evidence seized, after successfully investigating five different boiler room groups, one of which claimed to be “ one of the UK’s largest wealth advisory firms”, a scam that resulted in £2.8m losses, got five people jailed for 18 years…
London Stock Exchange Group Plc and Deutsche Boerse AG agreed to merge, a deal that would create world’s biggest trading organisation as long as rival suitors don’t upend the agreement and regulators give their blessing. The two companies valued at £21.3 billion ($30.5bilion), LSE’s equity holders will own 45.6 per cent while Deutsche Boerse’s stockholders…