Hacked bitcoin firm plans to spread losses across all users
Bitfinex has said it is considering sharing losses among all its users after around $70 million worth of bitcoin was stolen earlier in the week.
RBS blames legacy issues for £2bn loss
RBS reports a £2bn loss for the first six months of the year, which the chief executive blamed on “legacy issues”.
Chinese investors buy Berlusconi’s Italian soccer club
Fininvest confirmed on Friday it had signed a preliminary agreement to sell 99.93 percent of AC Milan.
Adidas CEO: We’re hot on Kanye, cool on golf
CEO Herbert Hainer talks up an expanded collaboration with Kanye West and tells CNBC Adidas still wants out of golf.
Tanzania’s sugar imports ban
In Tanzania the government has banned sugar imports to protect the country’s own sugar growers, but many food and drinks firms say this is affecting their production and profits.
Mortgage cut ‘delay’ and best savings rates ‘slaughter’
Many borrowers will see their mortgage bill drop after the Bank rate cut, but the competitiveness of those deals varies widely, while the best savings deals face “slaughter”.
Apple is taking a beating in India, the world’s third largest smartphone market
Making a cheaper iPhone is the obvious response, but Apple has proven it doesn’t do cheap. The Verge reports.
BLOWOUT! July jobs report demolishes expectations
Job creation continued at a solid pace in July, with the economy adding 255,000 positions, according to the Labor Department.
Black Lives Matter protesters block road to UK’s Heathrow airport
Activists linked to the U.S.-based group Black Lives Matter have blocked a road leading to London’s Heathrow Airport.
Equity sell-off next year as China starts printing money, says this Swiss bank
Global equities are set to enter a difficult period in the second half of 2017, according to analysts at Credit Suisse.