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Ethereum hits another record high after bitcoin and is now up over 5,000% since the start of the year

Ethereum prices surged on Monday to record levels, after bitcoin also hit all-time highs, as appetite for digital assets continues to grow.<p>The …

Chinese innovation

Could it now be returning? In 2003 China became the third nation to put a man into space, and has busily launched satellites since. On the ground, …

We will miss the next financial crisis, predicts Bank of England

MPC member Gertjan Vlieghe tells MPs that central bank’s financial models ‘are just not that good’ for predicting even a recession<p>The Bank of England is unlikely to predict the next financial crisis, according to one of the central bank’s leading policymakers, who said economic models were unable …

Turkey issues US travel warning following anti-Trump protests

The Turkish government has released a warning to its citizens living in and visiting the US to avoid protests against Donald Trump in the country's …

Donald Trump

Vladimir Putin pushes up oil prices as Russia signals it will cap production

Oil prices climbed to a one-year high after Russian president Vladimir Putin said the country was ready to join OPEC efforts to limit oil production with either a freeze or a cut.<p>Prices climbed almost 2.5pc to $53.14 a barrel on Monday after Mr Putin told an energy congress in Istanbul that Russia …

Moody's Cuts Turkey's Credit Rating to 'Junk'

Credit ratings agency Moody’s Investor Service has downgraded Turkey’s sovereign credit rating to non-investment grade citing worries about the rule …

Last month, for the first time ever, the UK generated more energy from solar than coal

The United Kingdom just passed a huge milestone in its renewable energy program – in May, for the first-ever calendar month, the UK generated more …

Renewable Energy

Eurozone recovery wilts as sugar rush fades, deflation lurks

The eurozone’s short-lived recovery is already losing steam as stimulus fades and deep problems resurface, raising fears of yet another false dawn and a potential deflation trap if there is any external shock over coming months.<p>Industrial output fell in 1.3pc Germany and 0.3pc in France in March as …

Wall Street is underwater

The big banks had a lousy first quarter. Hedge funds are getting pummeled. Regular institutional investors are flailing.<p>And they're all dragging each other down.<p>Goldman Sachs CFO Harvey Schwartz said on a recent conference call that nearly 80% of the largest active US equity mutual funds …

10 million self-driving cars will be on the road by 2020

Self-driving cars are no longer a futuristic idea. Companies like Mercedes, BMW, and Tesla have already released, or are soon to release, self-driving features that give the car some ability to drive itself.<p>Tech companies are also trying to pioneer the self-driving car. Recently, Google announced …

Brexit would leave UK worse off for decades, says Treasury

Chancellor issues warning in Times article as Treasury claims Britain’s economy would shrink 6% by 2030<p>Britain would be “permanently poorer” if voters choose to leave the EU, George Osborne has warned, as a Treasury study claimed the economy would shrink by 6% by 2030, costing every household the …

George Osborne

Tata faces £100m hit before Port Talbot sale deadline

Tatacould suffer another £100m of losses on its unprofitable UK steel operations before the company finally sells them off or shuts them down.<p>The company’s Indian parent threw in the towel on its UK strip steel business - which is losing £1m a day – a fortnight ago, putting it up for sale and …

Oil falls as investors expect little from Doha meeting

NEW YORK (Reuters) - Oil prices fell on Friday in subdued trade as traders and analysts anticipate a weekend meeting of major oil exporters to do little to help to clear global oversupply quickly, even though it would provide a floor for the market.<p>All eyes are on Doha as producers, led by top …

World faces 'lost year' as policymakers sleepwalk towards fresh crisis, warns IMF

The world is sleepwalking into a fresh crisis as investors start to lose faith in policymakers’ ability to revive the global economy, according to the International Monetary Fund.<p>In its bluntest warning to date on the costs of policy inaction, the IMF said “financial and economic stagnation" could …

Economics

Top VW managers accept bonus cuts

Volkswagen's top executives have agreed to a "significant reduction" in their annual bonuses this year as Germany's largest car maker recovers from …

Peabody Chapter 11, helps draw attention to coal reclamation

CHEYENNE, Wyo. (AP) — The bankruptcy of yet another major coal company helps draws attention to plans for financially troubled coal companies to cover the potentially huge costs of filling and restoring to a natural state mines that sooner or later might permanently close amid the industry's …

IMF warns of rising financial market risks

The International Monetary Fund (IMF) has urged world leaders to do more to ensure global financial stability amid slowing growth, weak commodity …

Economic experts cut German growth forecast

Germany's top economic research institutes have revised downwards their forecast for the nation's growth, citing a cooling of the world economy. They …

'Brexit' Fears Lead International Monetary Fund To Downgrade UK Growth

And this is even *before* we quit the EU<p>Stefan Rousseau/PA Wire<p>Fears over ‘Brexit’ will slash UK economic growth this year, a new report from the …

IMF says 'very real' Brexit risk could deal blow to world economy

LONDON (Reuters) - Britain could deal a damaging blow to the fragile global economy if it votes to leave the European Union, the International Monetary Fund said in the sharpest warning yet from a global body about the risks associated with Brexit.<p>The IMF listed Britain’s June 23 referendum on EU …

Here's An Idea That Could Change The Steel Industry

About three years ago, industrial giant thyssenkrupp announced it would focus on collaboration across its business areas to help achieve new targets for sustainable innovation. What it didn’t announce was how personal that initiative would be for its employees, starting with two chemical engineers …

Financial sector confidence about UK economy drops sharply

Optimism among companies has fallen at fastest rate since 2011, reflecting fears of global slowdown and EU referendum uncertainty<p>Fears over the UK’s faltering economic outlook have been underlined by a survey showing a sharp drop in confidence among financial services firms, against the backdrop of …

UK Economy

How to Say No to More Work

<b>Karen Dillon,</b> author of the <i>HBR Guide to Office Politics,</i> explains how to gracefully decline excessive projects–and thankless tasks.<p>Download this podcast<p>SARAH GREEN CARMICHAEL: Welcome to the HBR IdeaCast from Harvard Business Review. I’m Sarah Green Carmichael. Today, I’m here with Karen Dillon a …

Mounting debts could derail China plans to cut steel, coal glut

BEIJING (Reuters) - China’s campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks.<p>Workers are seen at Shuangyashan Mine, owned by Longmay Group, in …

Sports Direct shares tumble as Mike Ashley reveals profit slump

Shares in Sports Direct have slumped again after the company’s founder Mike Ashley appeared to announce the retailer’s latest profit warning during a media interview.<p>The group’s shares led the FTSE 250 fallers, shedding nearly 12% at one point on Tuesday, in the latest setback for the retailer, …

Wind turbines of the future could dwarf the Empire State Building

Bigger is better, even in the world of renewable energy. The latest example is a proposed mega-wind turbine being developed by a research team from …

Wind Power

Researchers' idea will blow you away: 656-foot long blades on wind turbines

Efforts to increase wind power mean that turbine blades are getting bigger and bigger. But a new design in the works takes the idea to levels most people can barely imagine: Blades up to 656.2 feet long — more than two football fields.<p>Today's longest blades are 262.5 feet. The blades at Imperial …

South Korea January factory output falls at fastest pace in a year

SEOUL (Reuters) - South Korea’s industrial output fell at its fastest pace in a year in January as production of key export items such as semiconductors and cars weakened, lending strength to views the central bank may lower rates again soon.<p>Hyundai Motor's sedans are assembled at a factory of the …

Signs that metals prices have bottomed out buoys miners

Ivan Glasenberg is feeling better about the outlook for metals prices – and this time he may be right.<p>The chief executive officer of Glencore PLC, the giant miner and trader, indicated on Tuesday that he is growing more upbeat about commodities after a brutal 2015 in which his company lost 70 per …