Bitcoin Plunges to $10,000, Half Its Peak Price, as Investor Fears Blossom

Bitcoin skidded a further 12% on Wednesday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year. The price of bitcoin, the world’s biggest and best known cryptocurrency, fell to as low as $10,0000 on the Luxembourg-based Bitstamp […]

Prince Alwaleed is putting up a fight that could challenge Saudi Crown prince

By James M. Dorsey Incarcerated for almost two months in a gilded cage in Riyadh’s luxurious Ritz Carlton Hotel, Saudi billionaire businessman Prince Al-Waleed bin Talal appears to be putting up a fight that could challenge Crown Prince Mohammed bin Salman’s assertion that his two month-old purge of scores of members of the ruling family, […]

Teva rejects Israeli PM’s request to keep Jerusalem plant open

Teva Pharmaceutical Industries has rejected Israeli Prime Minister Benjamin Netanyahu‘s request to keep the company’s manufacturing plant in Jerusalem running. The world’s largest generics drugmaker said last week it aimed to cut debt by reducing its workforce by more than a quarter, or 14,000 jobs, including 1,700 in Israel, where it will close its manufacturing […]

Richest 1% now owns half the world’s wealth

The wealthiest 1% of the world’s population now owns more than half of the world’s wealth, according to a new report. The total wealth in the world grew by 6% over the past 12 months to $280 trillion, marking the fastest wealth-creation since 2012, according to a new report from Credit Suisse. More than half […]