Following moves by China and Japan to regulate digital currencies, Australia is attempting to crackdown on money laundering and terrorism financing with plans to regulate bitcoin exchanges. “The threat of serious financial crime is constantly evolving, as new technologies emerge and criminals seek to nefariously exploit them. These measures ensure there is nowhere for criminals

A Goldman Sachs executive who is black and Jewish sued the firm and one of its managing directors for discrimination Wednesday, saying her effort to land Allergan’s CEO Brent Saunders as a client was scuttled because of the partner’s alleged race- and religious-based prejudice against her. The lawsuit by Goldman Sachs vice president Rebecca Allen

Former Russian Economy Minister Alexei Ulyukayev told his bribery trial on Wednesday that he had been framed by a close lieutenant of President Vladimir Putin into accepting a payment of $2 million. The accusation against Igor Sechin, head of Russia’s biggest oil company, thrust into the open simmering tensions between rival Kremlin clans – a

Tech giants like IBM and Capgemini could go on a mergers and acquisitions “shopping spree” for financial technology (fintech) start-ups next year, the chief of one such start-up has told CNBC. Daniel Döderlein, CEO of Norwegian fintech startup Auka, said that tech behemoths that have shared a long-standing relationship with banks but still rely on

Atta Kenare | AFP | Getty Images Iranian protesters hold portraits of Nimr al-Nimr at a demonstration against his execution by Saudi authorities, outside the Saudi embassy in Tehran. Abdullah says her son took part in protests to demand equality and greater rights. Among the charges he faced were throwing rocks at police and firing

2016 saw the book, and shortly after, the film release of “Hidden Figures”, a non-fiction piece examining the lives of African American female experts – including Katherine Johnson, the late Mary Jackson and the late Dorothy Vaughan – during the 20th century. Professionals who worked at NASA and helped achieve the organization’s success in the

President Donald Trump‘s pledge to “Make America Great Again” requires nothing less than reigniting economic growth and prosperity. Wealth creation is essential. Yet as Congress pivots to tax reform — which is crucial to the wealth creation that will put the nation back on the prosperous path — the president can take matters into his

The most recent big Mega Millions win — $536 million in July 2016 — was the third largest in the game’s history, and the seventh largest in any U.S. lottery. It was the most ever awarded to a single Mega Millions winner, and the highest cash-value jackpot awarded to a single winner in a U.S.

Animal rights group PETA U.K. swiftly condemned the decision by the central bank to continue using polymer, and advocated a boycott of the banknotes by consumers. “There’s no need for tallow, and the Bank of England has failed to balance the books by investing in a non-animal bank note component that would please everyone,” Elisa

Whether to raise taxes on the rich is one of the thorniest issues in tax reform. Underlying that debate is an even more fundamental question: Who exactly qualifies as wealthy? Everyone can agree that Jeff Bezos and Bill Gates are pretty stinking rich. Those earning at least $1 million in income seem to be a

Victims of bank fraud should not expect automatic refunds and are sometimes at fault for not taking a “duty of care”, the CEO of RBS has reportedly said. Chief Executive Ross McEwan said that banks could not always be blamed if customers give out their account details to online scammers, according to U.K. newspaper the

Chinese ride-hailing giant Didi Chuxing has announced plans to expand its business in the Middle East and North Africa. The Uber rival said it would enter into a strategic partnership with the Dubai-based car booking service Careem to strengthen its presence in the region. It follows the firm’s decision last Tuesday to team up with

Would-be millionaires now have two opportunities to try for jackpots of more than $300 million. The Mega Millions jackpot is now $346 million, and the Powerball jackpot, $307 million, after weekend drawings for both games failed to yield winners for the top prizes. (The next Mega Millions drawing is at 11 p.m. ET on Tuesday;

Elon Musk’s car company Tesla appears to be leading the “arms race” for lithium-ion batteries — for now. Musk recently announced plans to build the world’s biggest lithium-ion battery storage project in South Australia. Meanwhile, construction of the company’s highly anticipated 35-gigawatt-hour (GWh) “Gigafactory 1” is still underway. “There’s a kind of arms race on

For President Trump, 15 is the magic number. That’s the percentage at which he wants to cap the corporate tax rate, a steep cut from the current top rate of 35 percent and much lower than the ordinary income rates paid by many partnerships and small-business entities. When news reports indicated recently that the goal

The family office of Steven Cohen, the billionaire banned from running a hedge fund in the US, has run into a regulatory roadblock in the UK. Point72, which manages about $11bn of Mr Cohen’s personal fortune, has been told in recent months that it would not receive regulatory approval in the UK by the Financial

The slump in the swankiest sector of the housing market appears to be over, and, ironically, it may be due to a dose of reality among sellers. Sale prices of luxury homes in the second quarter of this year were up 7.5 percent from a year ago, the first time luxury gains have outpaced the

Gold spot prices have managed to increase this year to $1,268.36, up about 10 percent year to date. This price rise may have weighed on investor demand for gold-backed ETFs, according to the World Gold Council report. “This led to some investors taking a more cautious approach, reluctant to build positions after a strong price

Though CEOs may be taking note of increasing pressure from investors and politicians over their generous pay packets, the report once again highlights the stark disconnect between bosses and their employees. The average salary of a FTSE 100 CEO last year was 160 times that of the average U.K. worker. This means that it would

Akbar said they are looking for pockets of value within equity markets, so are rotating out of sectors such as technology and into areas which have underperformed, as the current environment of global growth will provide these areas with support. They are considering areas such as energy and basic materials. Newsome also suggested some sectors

A new digital currency called “bitcoin cash” (BCC), created by the splitting of the bitcoin blockchain, is rapidly rising in price despite lacking crucial support from parts of the cryptocurrency community. “There’s no infrastructure available out of the box, to support BCC,” warned Fran Strajnar, co-founder and CEO of data and research company Brave New

Russian miner Alrosa said on Tuesday it plans to sell at an online auction in November a rare collection of polished diamonds produced domestically, including a giant 51.38-carat gem. This huge, traditional round-cut diamond, whose 2.5 cm (1 inch) diameter is equal in size to the visible part of a human eye, bears the same