s value increased from about $10 to about $1,000 during that time, with a peak of $1,100 in November 2013. One Bitcoin is currently worth about $618. Bitcoin mining is particularly attractive for malware operators because of its low cost and because it requires little to no investment in any kind of infrastructure. "At the current stratospheric value of Bitcoin, miners with access to significant computational...
s proposal to overhaul the outdated U.S. corporate tax code. Potentially freeing the U.S. economy from a three-decade-long stranglehold on growth and prosperity, the proposal by Camp, R-Mich., to simplify the U.S. corporate tax rate and lower it to an internationally competitive level is a crucial step in rebooting the United States' growth engine and getting more Americans back to work. Congress cannot...
s industrial output grew at its fastest rate in more than two years in January as factories cranked out goods ahead of a sales tax hike, adding momentum to the Abenomics experiment, data showed Friday. In a further sign that once-stubborn deflation is starting to ease, prices also continued their upward trajectory, although this was mostly driven by higher fuel costs. Shoppers are splashing out on...
s chief warned that Europe's peace and security were at risk from Russian threats of a military incursion in Ukraine as Moscow faced a barrage of warnings of reprisals, including the loss of its prestigious G8 seat. "What Russia is doing now in Ukraine... threatens peace and security in Europe. Russia must stop its military activities," Anders Fogh Rasmussen said as he went into crisis talks on Ukraine...
ve dealt with us as former subjects, as former colonial subjects," he said. "The Chinese don't deal with us from that point of view. They deal with us as people that you must do business (with), at an equal level so to speak," Zuma told CNBC Africa in an interview broadcast Thursday. China is the largest trading partner of the continental giant, with trade worth $21.7 billion between the two in 2012,...
Integration Point answers some of your questions on topics ranging from the creation of the new 600 series to recent Wassenaar updates following the Export Regulation Changes for 2014 webcast. Continue reading → ...
The latest initiative in the Beyond the Border Action Plan, issued by US President Obama and Canadian Prime Minister Harper in 2011, has been announced. Phase II of the truck cargo pre-inspection pilot at the Peace Bridge crossing between Fort Erie, Ontario and Buffalo New York has been officially launched. Continue reading → ...
s claim that it has complied with WTO rules regarding duties on certain US steel products. Washington has questioned China's claim that it has brought its duties on US exports of grain-oriented flat-rolled electrical steel into compliance with World Trade Organisation rules. The creation of the experts' panel was decided at a meeting of the global trade body's Dispute Settlement Board (DSB). The US...
t work. When there is big money on the table, there is an incentive to cheat and consumers are 100 percent exposed." - Bitcoin in 'fragile' situation - Henry Farrell, a George Washington University political economist, said that, as with other currencies, Bitcoin needs to establish confidence. "If people start to panic and think this is a sign of general problems in the Bitcoin economy, it becomes...
s Chief Cabinet Secretary Yoshihide Suga, told reporters. "Once we have full knowledge of what happened, we will take action if necessary," he said. The comments, at a regular press conference, were the first government reaction to events at MtGox, which froze withdrawals earlier this month, claiming there was a bug in the software that underpins bitcoin, making it vulnerable to thieves. The value...
s second-biggest economy, a survey showed Tuesday, despite a growth slowdown and a government austerity drive. But while the American Chamber of Commerce in Shanghai said 86 percent of its members were optimistic about the next five years, the figure is down from 91 percent in 2012 owing to tough regulations and government probes. Some 74 percent of companies said they were profitable last year, up...
s global rich list. That was an increase of 216 on the previous year, accounting for just over half the overall rise of 414. Among individual countries, the United States led with 481 billionaires, the most in the world, followed by China's 358, it added. At the top of the table, US technology giant Microsoft's co-founder Bill Gates overtook Mexican telecom tycoon Carlos Slim as the world's richest...
s operations and the market, a decision was taken to close all transactions for the time being in order to protect the site and our users. We will be closely monitoring the situation and will react accordingly." A widely-shared document purporting to be a MtGox "crisis strategy" said the firm might have lost more than 744,400 bitcoins in a theft that had gone unnoticed for years. That number of bitcoins...
Washington (AFP) Feb 23, 2014 - It is the ultimate symbol of chest-thumping American patriotic pride and now the United States flag must be "100 percent made in the USA" -- at least where the Pentagon is concerned. A new law requires the Department of Defense -- a major consumer of flags for everything from ships to bases to burials -- fly only flags wholly sourced from home shores. "My recently signed...
s 79-year-old fashion king bowed and applauded at the end of his catwalk show, which featured a sober colour palette with lime green linings and trimmings. Trouser suits were roomy -- a key trend during the autumn/winter womenswear collections this year, which have also been filled with opulent furs, global nomad looks and bold colours. DSquared2 also on Monday staged an eccentric show set in an asylum...
s economic output. President Daniel Ortega and Wang Jing, chairman of HKND, the Chinese company hired last year to build and operate the waterway for a century, have said work will get under way towards the end of 2014. That would be just around the time the Panama Canal -- where expansion work has stalled in recent weeks in a dispute over cost overrruns -- turns 100 years old. For now, much of it...
s security problems, which have left more than 77,000 people dead in a seven-year-old drug conflict, and toward trade and his sweeping economic and energy reforms. Hundreds of leftist opposition supporters staged a demonstration in Toluca, holding signs reading "Stop selling Mexico!" to protest the reforms. - Sources of friction - Although the allies want to discuss ways to improve NAFTA through a...
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Shanghai’s pilot free trade zone sees early success with a 16.5 percent trade expansion. Continue reading → ...
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