NEW YORK (Reuters) – Digital currency bitcoin fell more than 15 percent on Monday to a nearly three-month low amid a slew of concerns ranging from a global regulatory clampdown to a ban on using credit cards to buy bitcoin by British and U.S. banks.
NEW YORK (Reuters) – Warren Buffett’s railroad is taking a ride on the blockchain.
Along with Virgin Trains, the firm has got off very lightly. It’s even free to bid on new franchises
“Stagecoach got its numbers wrong, it over-bid and it is now paying the price,” says the transport secretary, Chris Grayling, announcing that the East Coast mainline could once again be taken into public hands.
Grayling’s first two statements are correct. Stagecoach plainly took leave of its senses in agreeing to pay £3.3bn to run the London-to-Edinburgh line for eight years. The company couldn’t even keep the financial wheels turning for three years and has now breached a financial covenant.
(Reuters) – Broadcom Ltd made a $121 billion “best and final offer” on Monday to acquire Qualcomm Inc, ratcheting up pressure on its U.S. semiconductor peer to engage in talks on what would be the biggest ever technology acquisition.
Andrew Bailey warns symmetric risks will hit financial stability without transition deal
The head of Britain’s financial watchdog has warned both sides in the Brexit talks that they will be risking mutually damaging instability unless they agree to a transition deal smoothing the UK’s departure within the next two months.
Andrew Bailey, chief executive of the Financial Conduct Authority, said City regulators needed time to sort out issues including the validity of derivatives contracts, clearing financial trades and cross-border flows of data.
Assessments after WannaCry attack reveal vulnerabilities across whole of health system
Every NHS trust assessed for cyber security vulnerabilities has failed to meet the standard required, civil servants have said for the first time.
In a Parliamentary hearing on the WannaCry attack which disrupted parts of the health service last year, department of health officials said all 200 trusts had failed, despite increases in security provision.
'It feels a little unsettling, a touch exhilarating, and something of a relief' More Here…
Exclusive: Soaring costs lead to renewed calls for statutory time limit on holding migrants More Here…
MPs will question former directors of collapsed construction firm over its allocation of funds
Pensions advisers repeatedly warned that Carillion was prioritising shareholder dividends over the funding of its pension scheme years before the government contractor’s collapse, according to documents released by the work and pensions committee.
The committee, whose members will question former Carillion directors at a hearing on Tuesday, released new evidence hours after the number of confirmed job losses at Carillion hit 829, with uncertainty persisting over a further 17,500.
LONDON (Reuters) – Tottenham Hotspur striker Harry Kane has dismissed claims that he dived for a penalty made by Liverpool’s Virgil van Dijk following Sunday’s pulsating 2-2 draw at Anfield.
Lawyers say that a lengthy questioning would amount to a 'fishing' expedition More Here…
JOHANNESBURG (Reuters) – South Africa’s ruling African National Congress (ANC) said on Monday it would convene a special meeting of its National Executive Committee, a key decision-making body which has the power to remove President Jacob Zuma from office.
Exclusive: ‘pick your own offers’ scheme was too confusing for customers, company says
Pick your own offers gave shoppers 20% off on 10 chosen products from a range of hundreds, which could be anything from expensive buys such as smoked salmon to frequently bought items such as loo roll. It was available to millions of holders of the myWaitrose card.
OTTAWA (Reuters) – Two Canadian citizens have safely left Syria, Ottawa said on Monday, though it declined to address a media report the pair had been seeking to arrange the return of two young children from neighbouring Lebanon.
MALE/COLOMBO (Reuters) – Maldives President Abdulla Yameen on Monday declared a state of emergency for 15 days and security forces stormed the Supreme Court in signs that a crisis over a jailed former president is coming to a head.
'The mistaken way in which he voted naturally does not reflect his political opinion,' says AfD spokesperson More Here…
MPs told collapse of franchise means either government or Virgin could run line in short term
The East Coast rail franchise could be returned to the public sector after the government announced Virgin Trains had breached its £3.3bn contract.
The transport secretary told MPs that the London-to-Edinburgh line could be again be directly operated by the Department for Transport, less than three years after the route was re-privatised. However, Chris Grayling also held out the possibility that Virgin would continue to operate the service on fresh terms, despite missing its financial commitments on the current deal.
'After my son died, they gave me something to do,' says Chris Arsenault More Here…
The hands-down winner of Super Bowl halftime was the teen the internet immediately dubbed ‘selfie kid’, who somehow managed to steal some of the spotlight away from Justin Timberlake‘s high-energy performance by taking a series of snaps with the headliner. The young Super Bowl fan, Ryan McKenna, looked uncomfortable being in the spotlight, but danced with Timberlake during his performance. The internet quickly got busy creating all sorts of memes about the moment
Exclusive: Co-leader of the Green Party says the European Union allows for more contribution from elected representatives More Here…
Chris Grayling says existing arrangement can only continue for a 'very small number of months' as Government urgently considers alternative plans More Here…
BERLIN (Reuters) – Germany’s would-be coalition partners will continue negotiations about forming another “grand coalition” on Tuesday, party sources told Reuters late on Monday.
MPs and customers speak out after courier firm fined Don Lane for not finding cover while at doctor’s appointment
Downing Street’s adviser on modern work has described the death of a diabetic DPD delivery driver as “shocking”, as Marks & Spencer said it would be seeking answers from the parcel company over the driver’s treatment.
Matthew Taylor said the government must urgently address poor quality work in Britain after the Guardian revealed how Don Lane, a 53-year-old father of one, collapsed and died from diabetes after being fined £150 by the courier company for attending a hospital appointment to treat his More Here…
The slight spanner in the works was that we had been promised the plan by the end of last year
At last. A minister with a Brexit plan. Over the last few months the government seems to have come up with a different plan almost on a daily basis. Sometimes more frequently than that.
In the last week alone, some bits of Britain – no one was clear exactly which – were first going to stay in the customs union, then they were going to stay in a customs union and finally they were going to be in a customs arrangement that More Here…
Bournemouth council says it will remove the bars in the light of “the depth of feeling”. More Here…
SAN FRANCISCO (Reuters) – U.S. autonomous driving startup Aurora has added Chinese electric vehicle maker Byton to its growing list of clients for self-driving systems, Byton said on Monday, marking the latest partnership between automakers and tech companies.
Exclusive: Thousands of vulnerable people destitute after being granted refugee protection More Here…
BEIRUT (Reuters) – Warplanes launched heavy attacks on the two last major rebel-held areas in Syria, killing at least 29 people in the Ghouta suburb near the capital and choking people with gas in Idlib in the northwest, rescue workers and a war monitor said on Monday.
STRASBOURG (Reuters) – The European Central Bank is working to identify any financial stability risk from digital currencies but banks so far seem to be showing little appetite to invest in Bitcoin, ECB President Mario Draghi said on Monday.
Raids on Idlib province follow the downing of a Russian fighter plane by Syrian rebels
Russian and Syrian jets bombed towns and villages across north-west Syria on Monday, devastating civilian areas and forcing fresh waves of refugees to flee to open ground in the biggest aerial blitz on opposition-held areas since the fall of Aleppo more than a year ago.
Monitoring groups said as many as 150 airstrikes were recorded in Idlib province by Monday, with dozens more pounding up to 18 towns across the region by nightfall.
There is a mandate to leave the EU, but not for endless revolution on terms dictated by Jacob Rees-Mogg
Revolution is not an event. It is a process. So the zealous revolutionary is ever vigilant against backsliding and ideological deviation. For some, the battle never ends.
Brexiteers’ fear of counter-revolution is now stronger in the Conservative party than actual opposition to Brexit – and more disruptive. Only a tiny number of Tory MPs call the whole thing a folly to its face. The overwhelming majority accept the referendum result and expect EU membership to expire in March 2019.
Chris Grayling announces decision minutes after revealing another franchise part-run by Richard Branson's firm was close to collapse More Here…
Justice Samuel Alito rejected a Republican plea to block an order from the state supreme court to devise new congressional districts
The supreme court on Monday allowed Pennsylvania congressional redistricting to proceed, denying a Republican plea and dealing another blow to GOP prospects in November’s midterm elections.
(Reuters Health) – Transgender teens may be more likely to miss preventive health checkups and have untreated medical problems than their non-transgender peers, a U.S. study suggests.
(Reuters) – Qualcomm Inc’s shares fell 3 percent on Monday after two brokerages said Apple Inc might drop the chipmaker in favor of Intel Corp as the supplier for modem chips in its next generation of iPhones.
The father of the alleged hacker hails a ruling that means his son will not be extradited to the US. More Here…
The UK government is set on a dangerous course if it leaves the customs union. But whatever happens industry needs reviving
This time last week, the government seemed to be leaving the door open to a soft Brexit in which the UK remained within a customs union with the EU. That door now seems slammed firmly shut by Downing Street on the grounds that such a move would prevent Britain from negotiating its own trade deals.
However foolish the notion of a global Britain enjoying faster growth as a result of being granted access to consumers in China, More Here…
Google’s offer to redevelop the Toronto waterfront as a smart city of the future prompts the question: is Google’s future the one that the rest of us want?
At a time when the private finance initiative in the UK is collapsing into a discredited mess – in the case of Carillion, so literally discredited that the company is bankrupt – across the Atlantic another public body, the city of Toronto, is trying to solve its short-term problems by handing responsibility for part of its infrastructure over to a giant private company. The lucky winner this time is Alphabet, the More Here…