Business

Craig Wright revealed as Bitcoin creator Satoshi Nakamoto

Australian tech entrepreneur says he is creator of controversial digital currency. Australian tech entrepreneur Craig Wright has told the BBC he was the creator of controversial digital currency bitcoin after years of speculation about a person who until now has gone by the name of Satoshi Nakamoto… Source: Craig Wright revealed as Bitcoin creator Satoshi Nakamoto Read More »

How Norway Dispels the Private vs Public Sector Myth

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A strong state capable of building infrastructure is not enough. It must also be an inclusive state. David Sloan Wilson and Sigrun Aasland Economics It’s no secret that the Scandinavian nations are doing something right. They consistently lead the world in measures of happiness and quality of life. Political guru Francis Fukuyama called the search for the good society “getting to Denmark”. Even The Economist magazine featured a goofy looking Viking on its cover with the headline “The Next Supermodel”. How ... Read More »

Morrison’s ruling on Kidman & Co sale redefines the national interest test

In making a preliminary decision on the sale of S. Kidman & Co to a Chinese consortium, the Treasurer Scott Morrison has shed some light on what the government defines as being in the “national interest”. He describes the Chinese bid as being contrary to Australia’s national interest, because… Source: Morrison’s ruling on Kidman & Co sale redefines the national interest test Read More »

Tony Blair courted Chinese leaders for Saudi prince’s oil firm

Tony Blair obtained a “blessing” from Chinese leaders for a company owned by a Saudi prince to do business in China as part of an arrangement that paid the former UK prime minister’s firm £41,000 a month and a 2% commission on any multimillion-pound contracts he helped to secure… Source: Tony Blair courted Chinese leaders for Saudi prince’s oil firm | Politics | The Guardian Read More »

President Obama Weighs His Economic Legacy

Eight years after the financial crisis, unemployment is at 5 percent, deficits are down and G.D.P. is growing. Why do so many voters feel left behind? The president has a theory… By ANDREW ROSS SORKIN Source: President Obama Weighs His Economic Legacy – The New York Times Read More »

“Nestlé Is Trying to Break Us”: A Pennsylvania Town Fights Predatory Water Extraction

Donna Diehl, a 55-year-old school bus driver from Kunkletown, Pennsylvania, a small historic town located on the edge of the Poconos, wanted to do three things this year: drive the bus, paint her bathroom and learn to crochet. Instead, Diehl, along with dozens of her neighbors, is spending her time trying to stop the largest… Source: “Nestlé Is Trying to Break Us”: A Pennsylvania Town Fights Predatory Water Extraction Read More »

Thailand to sell 11.4m tonnes of rice

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Thailand plans to sell the remaining 11.4 million tonnes of rice in government stockpiles within two months, the country’s rice management board says. The world’s second-biggest rice exporter after India has been reducing stocks left over after the end of a rice-buying scheme under the previous, civilian… Source: Thailand to sell 11.4m tonnes of rice | The Mercury Read More »

BP set to clean up with new super fuel Ultimate with ACTIVE technology

BP’s new super fuel could signal better times ahead for the troubled oil giant.. Analysts have given a cautious thumbs-up to its Ultimate brand with ACTIVE technology, a dirt-guzzling compound that works with vehicles of all ages, cleaning and prolonging engine life, improving performance and cutting consumption… Source: BP set to clean up with new super fuel Ultimate with ACTIVE technology | City & Business | Finance | Daily Express Read More »

US primaries: How the US election is changing the global economic debate

Donald Trump and Hillary Clinton’s convincing party wins in the New York primary for their parties’ presidential nomination have accelerated what has already been a contest of historic proportions. What is remarkable isn’t so much the theatrics and personalities but the underlying changes in play… Source: US primaries: How the US election is changing the global economic debate Read More »

Mitsubishi Motors office raided over fuel economy tests

Japanese officials raid an office of Mitsubishi Motors following the revelation on Wednesday that it had falsified fuel economy data. The officials searched its plant in the central Japanese city of Okazaki. Mitsubishi has admitted that employees altered data to flatter mileage rates on more than 600,000 vehicles…. Source: Mitsubishi Motors office raided over fuel economy tests – BBC News Read More »

How America Can Reap the Benefits of Brexit

The conventional wisdom is that a decision by British voters this June to leave the European Union would be bad for the United States. The… Source: How America Can Reap the Benefits of Brexit | Foreign Policy Read More »

UK retail sales experience continued decline

Food sales fell 1.9% in March from February, the biggest decline since January 2014. UK retail sales fell for a second month in March as consumers bought less of everything from food to clothing. The volume of sales dropped 1.3 per cent from February, far more than the 0.1… Source: UK retail sales experience continued decline Read More »

Moscow wins legal battle over $50bn Yukos shareholders′ compensation

The Kremlin has won a major legal victory after a Dutch court overturned a $50bn damages award to former shareholders of Yukos. With almost 20 percent of Russia’s annual budget at stake, shareholders vowed to fight on. Source: Moscow wins legal battle over $50bn Yukos shareholders′ compensation | News | DW.COM | 20.04.2016 Read More »

Serbian prime minister plans new privatisation push after election

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NOVI PAZAR, Serbia (Reuters) – Serbian Prime Minister Aleksandar Vucic plans a new push to privatise loss-making state firms if he wins Sunday’s election and will do everything needed to secure IMF approval for his economic policies, he told Reuters in an interview. Croft… Source: Serbian prime minister plans new privatisation push after election – World | The Star Online Read More »

Money laundering fears over Bendigo Bank operations on Nauru

Fears over money laundering and the risk of financing of terrorism has prompted calls for Bendigo Bank to abandon any dealings with the tiny Pacific nation of Nauru. Bendigo Bank is the only bank with a presence on the island, which Australia relies on as a crucial part of its refugee policy… Source: Money laundering fears over Bendigo Bank operations on Nauru Read More »

The Guardian view on Dilma Rousseff’s impeachment: a tragedy and a scandal

Editorial: Nothing is clear in Brazil’s murky political crisis, except that the country will suffer the consequences for a long time to come.. Ever since Stefan Zweig, writing in 1941, dubbed it “the land of the future”, Brazil has been reproached for failing to live up to the promise that its size, its… Source: The Guardian view on Dilma Rousseff’s impeachment: a tragedy and a scandal | Editorial | Opinion | The Guardian Read More »