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Oil briefly falls below $100 and shares jump on Trump Iran war pledge
Posted onOil prices have surged as much as 64% in March – when they reached nearly $120 a barrel – in the biggest monthly gain since 1990 when Iraq’s invasion of Kuwait took both countries’ oil off the market, resulting in an energy supply shock, said Nicolas Daher from the Economist Intelligence Unit.
Trump says $72bn Netflix-Warner Bros deal could be a problem
Posted onUS President Donald Trump has flagged potential concerns over Netflix’s planned $72bn (£54bn) deal to buy Warner Brothers Discovery’s movie studio and popular HBO streaming networks. At an event in Washington DC on Sunday, he said Netflix has a “big market share” and the firms’ combined size “could be a problem”. On Friday, the two…
Cryptoqueen who fled China for London mansion to be sentenced over £5bn Bitcoin stash
Posted onTony HanGlobal China Unit Metropolitan Police Qian Zhemin enjoyed a lavish lifestyle of travel and shopping before UK police discovered her stash of crypto A woman, said by police to have bought cryptocurrency now worth billions of pounds using funds stolen from thousands of Chinese pensioners, is due to be sentenced this week for money…
Bank boss sorry after describing workers as lower value human capital
Posted onDiscussing how automation was likely to lead to thousands of job cuts at the bank at a recent conference, Bill Winters said it wasn’t about cost cutting but “replacing, in some cases, lower value, human capital, with the financial capital and the investment capital that we’re putting in”.
