The rise and fall of Bitcoin

The rise and fall of Bitcoin

THE great Sir Isaac Newton may have revolutionised our knowledge of the world but he still had his blind spots. He was sucked into the great mania of his day, the South Sea Bubble (pictured) and lost a lot of money. “I can calculate the motion of heavenly bodies but not the madness of people,” […]

The days of the A380 look numbered

The days of the A380 look numbered

ASK frequent flyers which is their favourite aircraft and most come up with the same answer: the A380 superjumbo made by Airbus, a giant European planemaker. Able to carry 525 passengers in a typical three-class layout, on two full-length decks, the aircraft still feels spacious, with wide aisles and plenty of headroom. Frequent flyers also […]

Euro hits three-year high as Europe leads global optimism

LONDON (Reuters) – The euro shot to a three-year high on Monday as optimism around growth buoyed expectations of tighter monetary policy from European Central Bank, while the chance of a pro-European Union coalition in Germany also boosted confidence in the continent. With the world in general and Europe in particular showing signs of sustained […]

GM's new Chevy Silverado bids for more U.S. pickup profits

DETROIT (Reuters) – General Motors Co on Saturday fired a new round in the battle for profits from one of the U.S. auto industry’s most lucrative segments when it showed a new generation of its Chevrolet Silverado pickup truck at Detroit’s auto show. The new Silverado, a highlight of the show, is the successor to […]

Exclusive: Current and former Uber security staffers cast doubt on spying claims

SAN FRANCISCO (Reuters) – The former security chief of Uber Technologies Inc. swore in a closed legal proceeding that he knew of no attempts to steal trade secrets from anyone, including Alphabet Inc’s self-driving unit Waymo, and would be “shocked” if that had occurred. In a deposition taken in mid-December near San Francisco, Joe Sullivan, […]

Bitcoin is no long the only game in crypto-currency town

Bitcoin is no long the only game in crypto-currency town

IT STARTED as a joke. Dogecoin was launched in 2013 as a bitcoin parody, using as its mascot a Japanese shiba inu dog, a popular internet meme. The crypto-currency was never really used, except for tipping online, and one of its founders has called it quits. But recently its price has soared: on January 7th […]

Wall St. rises with oil prices, earnings optimism

(Reuters) – Wall Street closed at record highs on Thursday as rising oil prices lifted energy stocks and investors bet on a strong U.S. corporate earnings season. The S&P energy sector .SPNY closed up 2 percent as Brent crude LCOc1 went above $ 70 a barrel for the first time since December 2014, boosted by […]

Wall Street falls on China, NAFTA concerns

NEW YORK (Reuters) – The three major U.S. stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key trade agreement. The S&P and the Nasdaq snapped a six-day rally after Bloomberg reported that […]

Supersonic jets may be about to make a comeback

Supersonic jets may be about to make a comeback

IN OCTOBER 2003, the age of supersonic passenger travel came to an inauspicious end. That month British Airways withdrew from service its last Concorde jet, a Franco-British aircraft from the 1970s that could fly at twice the speed of sound. Since the 1940s executives in the aerospace industry had predicted that the future of passenger […]

Many happy returns: new data reveal long-term investment trends

Many happy returns: new data reveal long-term investment trends

DATA-GATHERING is the least sexy part of economics, which is saying something. Yet it is also among the most important. The discipline is rife with elaborate theories built on assumptions that turned out to be false once someone took the time to pull together the relevant data. Accordingly, one of the most valuable papers produced […]

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