Forty-sixth Edition - Monday, 4th Every week, a complete snapshot of what happened around the world in the past seven days Despite the Brexit vote, manufacturing activity in the UK has hit a four-year record, with exports having a significant impact on the overall figures. Another set of data showed how foreign direct investment in the country hit a record 145.6bn in 2016, a 25.3bn increase from the previous year. This comes despite a 0.5% downgrade in economic growth spelled

Thirty-Third Edition - Sunday, 5th Every week, a complete snapshot of what happened around the world in the past seven days Notable Headlines The U.S effort to roll back the Dodd-Frank law has stalled as the Trump administration shifts focus. The proposed 2017 Federal Budget consisted of an increase of $54 billion, or nearly 10%, in military spending offset by cuts in non-defense agencies. In essence, the country spends the largest portion of its GDP towards defense will now

As at time of writing: USD$1283.50 = 1 BTC USD$1234.54 = 1 Gold Ounce A (not so) brief introduction For those unfamiliar with the terms Bitcoin, cryptocurrency and blockchain; worry not. In this part, I’ll do my best to explain it in as simple and clear way as possible. Bitcoin is, first of all, a digital currency. Bitcoin can be sent directly from person to person, without the need for intermediaries (such as banks). Bitcoin transactions are recorded on a public ledger calle

Abstract Coming up with an appropriate definition for the word “money” might seem obvious to many of us. However, this is not always the case and central bankers know it well. Formally, money may be defined as a stock of assets generally accepted in payments for goods or services and in the settlement of outstanding debt. In practice, the range of elements to which this definition applies may be somewhat troublesome to determine. This happens because of financial innovation,

Eighteenth Edition - Sunday, May 8th Every week, a complete snapshot of what happened around the world in the past seven days Notable Headlines After both Ted Cruz and John Kasich withdrew from the Republican contest, Donald Trump is almost sure to secure the party nomination for this year’s presidential election. Their withdrawal came after they both suffered terrible defeats in Indiana, one of the last states to be contended. The New York billionaire currently has 1053 dele

Abstract This paper is intended to introduce some basic ideas behind the rising popularity of a digital currency called Bitcoin. The key concern of major business worldwide is the continuous trend towards higher technology awareness and adaptation of innovative digital products. This trend has a significant impact on the business models of a vast majority of industries, which start to put in serious effort to remain leaders in the market. Financial institutions are no excepti