Crypto currencies like bitcoin could threaten Britain’s financial stability if widely adopted, the Bank of England (BOE) says. Despite admitting digital currencies are still marginal, the Bank suggests they are no longer the purview of cypherpunks.
The European Union is looking at introducing more economic sanctions against Russia over its alleged role in Ukrainian conflict, targeting the country’s oil and defense industries with investment bans, according to a new report.
Russia has jumped to a 53rd position on the Global Competitiveness Report in 2014, gaining 11 points and being named among three states which recorded higher values in all areas since 2010. This is the country’s biggest leap ever.
The UK economy is expanding at its fastest rate since 2007, performing better than any other economy in the G7. Despite the GDP boost, critics say that youth unemployment and wage depression point towards far deeper structural issues.
Major airlines saw stock shares nosedive on Wednesday, after media reports said that Russia could block flights over Siberia. However, Russian Foreign Minister Sergey Lavrov said the reports are simply rumors.
People find it hard enough to trade with Russia in the first place without any sanctions. While sanctions will cause a big detrimental effect and will job losses in the UK, the founder of Export Explorer Tim Jelley told RT.
Egypt is planning to build a new Suez Canal alongside the existing waterway, as part of a multi-billion dollar project to invest in port and shipping infrastructure. This will be a vital source of hard currency to the Arab country.
Judges who serve on the FISA court, approving the government’s collection of phone metadata, have bought Verizon stock in the last year. Although the justices have financial involvement in the company, it is not considered a conflict of interest.