News: Money

The World's First Robot Police Officer Just Debuted in Dubai

Tuesday  14:30,   23 may 2017

Robocop utilizes the internet of things to catch offenders and detect emotions.“Robocop,” the newest member of the Dubai police force, debuted on May 22 at the Fourth Gulf Information Security Expo and Conference, where it greeted[...]

Scientists have found a way to photograph people through walls using WiFi

Tuesday  12:55,   23 may 2017
Tech Insider

<p>Scientists have found a way to exploit WiFI to take holograms, or 3D photographs, of objects inside of a room — from outside of the room.</p>This fact is easy to take for granted, yet it's the reason we can surf the web using a wireless[...]

Employers have cut younger workers' pay to fund pensions they will never see

Tuesday  12:13,   23 may 2017

Companies take £19 billion ($25 billion) annually out of the wage packets of younger employees in order to fund pensions for older workers, even though the younger workers are blocked from those pension schemes, according to new research from the[...]

Conservative climbdown over 'dementia tax'

Tuesday  11:55,   23 may 2017
Sky News

The Prime Minister has climbed down on her social care reform after an angry backlash over the so-called "dementia tax".Theresa May has announced there will be an "absolute limit" on how much people will have to pay for their social care[...]

Stripping Britain of a €930 billion daily business after Brexit could cost investors €100 billion

Tuesday  11:40,   23 may 2017

The CEO of the London Stock Exchange is warning that taking euro clearing away from London post-Brexit could end up costing investors an extra €100 billion (£86 billion, $111.8 billion) over five years. after BrexitXavier Rolet writes in The Times[...]

France's Le Pen abandons 'Frexit' and franc pitch, Telegraph newspaper says

Tuesday  05:10,   23 may 2017

France's National Front leader Marine Le Pen will abandon her pitch to leave the European Union and restore the French franc, the party’s chief economic strategist was quoted as saying by Britain's Telegraph newspaper.Le Pen said on Friday[...]

Stripping City of clearing houses could cost €100bn LSE boss warns

Tuesday  04:55,   23 may 2017
International Business Times

European Commission has proposed euro-denominated transactions should be cleared only in the Eurozone.The comments from Xavier Rolet came after the European Commission launched a consultation, which is expected to be completed at the end of month,[...]

The Brexit catch for North Sea cod

Monday  20:01,   22 may 2017
The Financial Times

&nbsp;The fate of North Sea cod should be a source of pride for the EU, which has played a pivotal role in its revival. Instead, the fish could become a major flashpoint in Britain’s departure from the EU.&nbsp;Will Clark admired the[...]

If you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million now after new record high

Monday  20:01,   22 may 2017

Bitcoin hit a fresh record high above $2,100 on Monday with the cryptocurrency continuing its strong rally.Monday marks the seven-year anniversary of Bitcoin Pizza Day – the moment a programmer named Laszlo Hanyecz spent 10,000 bitcoin on two Papa[...]

Pound Falls as Brexit Tensions Rise, Conservative Lead Narrows

Monday  17:45,   22 may 2017

The pound fell below $1.30 after the U.K. hardened its Brexit rhetoric and polls predicted a narrower-than-expected win for Prime Minister Theresa May in June elections. Sterling weakened against all its major peers as the latest Opinium Research[...]

Senior Tories were kept in the dark over ‘dementia tax’

Monday  15:50,   22 may 2017
The Financial Times

Theresa May failed to consult some of her most senior colleagues over plans to overhaul the social care system, which has become the most criticised policy in last week’s Tory manifesto.&nbsp;The plan, dubbed the “dementia tax”, was added at the [...]

RBS doubles settlement bid hours before trial

Monday  15:21,   22 may 2017
Sky News

Royal Bank of Scotland has doubled the value of a prospective legal settlement with investors, just hours before a High Court trial scheduled to hear from the lender's former boss, Fred Goodwin, is due to get under way. It was unclear on Monday [...]

Ford set to replace Mark Fields in drive to boost its fortunes

Monday  15:00,   22 may 2017
International Business Times

The move comes two week as Fields was criticised by shareholders for sliding financial results.Fields will retire at age 56 after 28 years at the company, it was reported in the New York[...]

Asian stocks set to drift higher on U.S cues; dollar weak

Monday  13:05,   22 may 2017

Asian stocks are set to edge higher on Monday following cautious gains on Wall Street, though the dollar is set to come under pressure as Washington's political turmoil undermines confidence in U.S. economic policy. MSCI's broadest index of[...]

US citizens flocking to UK to take advantage of weak pound

Monday  12:26,   22 may 2017
Press Association

US travellers are flocking to the UK because of the soft pound, according to one of the world's largest online travel firms. Expedia reported an 80% jump in UK summer bookings from across the Atlantic between January and March, compared with the [...]