A London Jury found former City trader 35-year old Tom Hayes guilty on all eight charges and sentenced to 14 years in prison for conspiracy to defraud at the London Court of rigging global Libor interest rates. He is the first individual to face a jury trial for manipulating the rate, which is used as…
Black Monday, the Shanghai stock market saw the second biggest fall in its history on Monday 27th July 201, despite the Chinese authorities unprecedented attempts to stop the rout in equities over past month. The Shanghai Composite dropped 8.5 per cent its sharpest slide since February 2007, Chinese startup dropped 7.4 per cent and Shenzhen…
In 2008, Iceland became the state for boom and bust. The country’s three main bank grew rapidly and consumed debt worth £55bn ($85bn) to find collective balance sheet of 10 times bigger than the country’s economy. In 2008 as financial crisis hit all time low and triggered a collapsed sparking a downturn. Since then their economy…
Dick Costolo, Twitter’s CEO said “ the early release of the earnings wasn’t a pleasant experience”. Nasdaq admitted an operational error lasting 45 seconds was behind the premature release of Twitter’s disappointing results on Tuesday 28th April 2015, as Social media site’s share fell sharply for second day. During those seconds the site was scraped…
A metamorphosis of the marketing industry is underway as we spend more time on our mobiles, tablets and laptops. According to Tom Goodwin in The Guardian Media: “We are not on top of digital marketing although we sit here and we think we’ve “got” digital. We’ve been talking about it forever and we’ve introduced new processes, expressions, and…
Yesterday, the crude oil prices potentially falling further below the $50 a barrel signalled severe and eminent stocks plunges across the board, this is bad news for any economy. The FTSE 100 Index fell 130.64 points or 2 per cent to 6417.16 in London, as UK blue-chip firms lost £ 33.2 billion, while mega…
Blockstream was given $21 million by leading Silicon Valley investors including Sun Microsystems founder Vinod Khosla and Linkedin founder Reid Hoffman – who aims to extend Bitcoin’s functionality so it can power much more than just payments. Bitcoin, is a digital currency built upon software that uses cryptographic transactions to prevent counterfeiting without the need…