Economy

Major Chinese bitcoin exchange stops trading By Kim Darrah   One of China’s top three bitcoin exchanges has announced that it will stop trading amid crackdown from authorities. Having hit record highs just weeks ago, bitcoin’s boom has...

Amazon steps up UK expansion drive with new distribution center     LONDON (Reuters) - Amazon (AMZN.O) said on Friday it would open a new distribution center in Bolton, northwest England, in 2018, stepping up its expansion...

'Forbes': Kylie to be USA's youngest self-made billionaire   "Forbes" magazine says Kylie Jenner will be the US' youngest self-made billionaire, male or female, as her cosmetic firm, television show profits and endorsement are valued at...

Meet Tesla's new bondholder: Billionaire George Soros   The investment firm founded and chaired by billionaire George Soros took a stake in Tesla Inc bonds during the first three months of the year, giving the electric...

Tungsten brings invoicing into the digital age   Author: Richard Hurwitz, CEO, Tungsten Network   As even the smallest firms embrace global trade and e-commerce, Tungsten Network offers the back-end systems needed to ensure efficient, safe payments.   In a...

European leaders seek greater taxes for digital giants Author: Luján Scarpinelli   A number of European countries – led by France – are pushing to introduce a new reform that will tax companies like Google and Amazon...

Robots will not lead to fewer jobs – but the hollowing out of the middle class Larry Elliott   Weak wage growth could already be a sign automation creating economy in which small number of very...

China raises tariffs on US products   China imposed the new tariffs on 128 US imports worth $3 billion, including fruits and pork, in retaliation to US duties on steel and aluminium. Imported nuts from the United...

Bitcoin soars to record high above $6,000   E currency Bitcoin moved over the $6,000 mark on Friday. The original virtual currency has gained over 500% profit this year, more than any other tradable asset class. Bitcoin...

Hackers rack up £12,000 phone bill and providers passed it on to me Anna Tims Pennine and Focus Group blame each other after hundreds of premium rate overseas calls were billed to my company. I run a...