Venezuela’s currency is in free fall. Cryptocurrencies such as bitcoin are going precisely the other direction. And there, President Nicolas Maduro sees a way out of his country’s economic ills. On his Sunday television show, Maduro
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Tencent slumped on Friday, putting it in line for its worst week in almost two years, as investors took profit in global technology shares and before the stock’s weighting gets reduced in Hong Kong’s benchmark index. Tencent
As many as 800m workers worldwide may lose their jobs to robots and automation by 2030, equivalent to more than a fifth of today’s global labour force. That’s according to a new report covering 46 nations and more than
Not only does Elon Musk deny being the mysterious creator of bitcoin Satoshi Nakamoto, but he’s also forgotten where he keeps his cryptocurrency. Musk’s assertions came in response to a blog post coursing through
Tencent’s rise into a $500bn company was fuelled by a culture of internal competition, where teams raced against each other to make ideas work. To become an advertising powerhouse like Facebook, the internal barriers are starting to
Bitcoin is showing no signs of slowing down, blowing past $9 000 less than a week after topping $8 000 and now quickly closing in on five big figures. The price of the largest cryptocurrency by market value is soaring as it gains greater
Jeff Bezos is the world’s newest US$100bn mogul. The Amazon.com founder’s fortune is up $2.4bn to $100.3bn (R1.4 trillion at the time of writing), as the online retailer’s shares jumped more than 2% on optimism for Black
British Prime Minister Theresa May emerged from 10 Downing Street and stepped somberly to a podium. The previous night, 3 June, three terrorists had driven a van into pedestrians on London Bridge and attacked people in
A Chinese start-up has developed a flying car that it plans to roll out as soon as next year. EHang’s E-184 drone can carry one passenger in its small cockpit, but the firm says it’s working on a model that can carry two. EHang’s
Uber Technologies faces privacy probes across the European Union from regulators who vowed to look into the huge data breach that the company hid for more than a year after hackers stole vast amounts of personal data about customers