London. David Solomon may take a leaf out of Jamie Dimon’s book by exploring a digital coin for payments. Goldman Sachs Group Inc’s chief executive officer told France’s Les Echos newspaper that he’s “absolutely” looking at digital currencies and said Goldman is conducting “extensive research” on tokenization, the process for transforming currencies or assets into […]
LONDON. Britain’s current account deficit with the rest of the world ballooned to its highest since late 2016 earlier this year, official figures showed on Friday, though much of the increase was driven by volatile gold trades. At first glance, the bigger shortfall in the deficit — which Bank of England Governor Mark Carney has […]
PARIS. France’s has slipped further into the red, the national statistics bureau said on Friday, only days after the country’s public auditor warned of “worrying” debt levels. Public debt rose to 99.6 per cent of gross domestic product in the first quarter of the year, the Insee bureau said, widening the gulf between the Eurozone’s […]
Europe and South America’s leading customs union struck a free-trade deal after 20 years of talks, notching up a major win in a global market-opening drive that counters the protectionism of US President Donald Trump. Top European Union officials reached a breakthrough in free-trade negotiations with counterparts from the Mercosur group of Argentina, Brazil, Paraguay […]
In an organization or with a centralized database system, users or employees are given access to the database from where they can …
Tehran: The electricity-intensive process used to create units of the digital currency Bitcoin has led to a surge in Iranian energy consumption, putting unprecedented pressure on power grids and forcing officials to cut off supplies to so-called mining farms, according to state media. Iranian miners are taking advantage of the nation’s subsidised power rates and […]
London CVC Capital Partners is close to a deal for a 25% stake in Dubai’s GEMS Education, a private school operator backed by Blackstone Group LP, that values the firm at more than $4 billion, people familiar with the matter said. CVC may pay $1 billion or more for the holding and a deal could […]
Temperatures in popular destinations like Switzerland, France, Austria, Amsterdam, Italy and UK are currently higher than normal.
Google the definition of maritime and the result points to ships, shipping, navigation or seamen. Drill down the definition and it becomes apparent that it is a vast business network which is quite complex and touches everything that is transported between land and the sea. One of the key economic pillars of the UAE is […]
Hong Kong leader Carrie Lam suspended the bill, but she has stopped short of protesters’ demands to scrap it.