World News

Turkish central bank raises rates sharply to prop up lira

In a statement on the rate hike, the central bank said inflation, which stood at an annual 10.85 percent in April along with has been as high as 12.98 percent in recent months, continued to pose risks. “Accordingly, the Committee decided to implement a strong monetary tightening to support cost stability,” the idea said. “At long last. If they had ...

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Payments firm Adyen plans June listing amid flurry of deals

Adyen, a Dutch company in which processes payments for Airbnb, Uber, Spotify along with Netflix, plans to list on the Amsterdam stock exchange in June inside the midst of a wave of dealmaking inside the digital payments industry. Sources close to the matter told Reuters last month in which Adyen was eyeing a valuation of 6-9 billion euros ($7-$11 billion), ...

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French president lauds Europe as the ‘most attractive place’ for tech giants

Earlier inside the week during his signature “Tech for Great” summit, Macron sat down with the likes of Facebook CEO Mark Zuckerberg, IBM’s Virginia Rometty, Microsoft Corp’s Satya Nadella in addition to also also Intel Corp’s Brian Krzanich. The French president warned the global tech bosses they might not be able to continue riding the coattails of the digital economy ...

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US opens criminal probe into bitcoin cost manipulation: Bloomberg

The U.S. Department of Justice opened a criminal probe into the possibility that will traders are manipulating the cost of bitcoin along with some other cryptocurrencies, according to a report by Bloomberg. The investigation surrounds the practice of spoofing — where an investor places orders that will are intended to manipulate the cost of an instrument — along with flooding ...

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Apple, spurned by BMW along with Mercedes, signs deal with Volkswagen for driverless cars

Instead, Apple has signed a deal with Volkswagen to turn some of the carmaker’s brand new T6 Transporter vans into Apple’s self-driving shuttles for employees — a project which can be behind schedule along with consuming nearly all of the Apple car team’s attention, said three people familiar with the project. Read more coming from the brand new York Times:Apple ...

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North Korea says future of Trump-kim summit can be up to US

North Korea’s vice foreign minister said the future of the summit between Pyongyang as well as Washington can be “entirely” up to the United States as well as condemned a media interview by U.S. Vice President Mike Pence in which he compared the North to Libya. “We will neither beg the U.S. for dialogue nor take the trouble to persuade ...

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Asian shares trade lower as trade concerns return to focus

Down Under, the S&P/ASX 0 shed 0.22 percent, with the heavily weighted financials subindex weighing. South Korea’s benchmark Kospi, meanwhile, gave up early gains to track lower by 0.36 percent. Greater China markets were narrowly mixed. The Hang Seng Index added 0.11 percent along with also on the mainland, the Shanghai composite hovered around the flat line. MSCI’s index of ...

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