Archives
Contactless payments in UK overtake chip-and-pin
October 17th, 2018
Contactless payments have become more popular than chip-and-pin card transactions for the first time in the UK, according to a major payment processing company. Worldpay said it happened in June, when 51% of in-store card transactions were contactless, rising ...
Audi fined 800 million euros; What prosecutors said
October 17th, 2018
German law enforcement authorities added another chapter to Volkswagen’s diesel scandal Tuesday by fining the company’s luxury division Audi 800 million euros ($925 million) for selling cars rigged to cheat on emissions tests. Prosecutors in Munich said Tuesday that ...
Sterling rises before EU summit
October 17th, 2018
The pound rose towards $1.32 on Tuesday as investors prepared for a European Union summit where diplomats will try to pave the way for an agreement on Brexit. Traders have been unwinding short positions on sterling, in part because ...
Polished diamond index continues to drop in the past week
October 16th, 2018
According to the most recent polished diamond index, published by polishedprices, the overall polishedprices index continued to drift lower this past week. On Monday, October 8, the polishedprices index stood at 121.2 points. One week later, on Monday, October, ...
Is China really developing a sovereign virtual currency?
October 16th, 2018
China is considered to be an advanced nation when it comes to all things digital. And although the country disappointed many when it banned the trading of bitcoins and other popular cryptocurrencies — China hasn’t given up on blockchains or ...
Former BDO USA accountants suspended
October 16th, 2018
The Securities and Exchange Commission (SEC) suspended three former BDO USA LLP accountants for their improper professional conduct during an audit of an exchange-listed insurance company. According to the SEC’s order, BDO fell behind schedule while conducting its 2013 integrated ...
Here’s what to watch in European stocks
October 16th, 2018
Here’s what to watch ahead of the market open in Europe: Brexit Both U.K. Prime Minister Theresa May and French President Emmanuel Macron struck conciliatory tones ahead of a European Union summit on Brexit on Wednesday. Brussels, too, sounded more ...
Cryptocurrencies suffer $18 billion drop in value over three days
October 15th, 2018
Bitcoin finally began to stabilize Friday, but not before the total cryptocurrency market lost $18 billion of its already waning value in the course of a few days. The entire market capitalization for cryptocurrencies fell by $18 billion over ...
Suspects arrested in international action against large-scale VAT fraud
October 15th, 2018
During a joint action day in seven EU Member States, an international organised crime group was tackled, involved in large-scale VAT fraud with a damage of more than EUR 20 million, related to sales of second-hand vehicles. At the ...
The CySEC innovation Hub for FinTech and RegTech developments welcomes applicants
October 15th, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to invite prospective applicants to apply for participation in the Hub’s programme. This announcement follows the announcement dated 27 July, 2018, when CySEC announced the establishment of its ...
