How the wheels came off Facebook’s Libra project

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Support for Mark Zuckerbergs mission to reshape global finance is slipping away slowly but surely When quit in dramatic fashion in recent weeks, including PayPal, eBay, Visa and Mastercard, as concerns mount. One by one theyre starting to drop away. … Continued

Wealth inequality is soaring here are the 10 reasons why its happening | Dominic Frisby

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By 2030 the richest 1% will own two-thirds of global wealth. But there are avoidable causes of this extreme wealth gap, says financial writer Dominic Frisby Damning statistic follows damning statistic on wealth inequality. The latest, from the House of … Continued

Financial markets could be over-heating, warns central bank body

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Bank for International Settlements quarterly health check warns global economy resembles era just before financial crash Investors are ignoring warning signs that financial markets could be overheating and consumer debts are rising to unsustainable levels, the global body for central … Continued

Bitcoin price soars above $11,000 as central bankers seek to calm fears

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Bank of England and Fed officials say cryptocurrency is too small to threaten world economy amid warnings of bubble Bitcoin topped $11,000 on Wednesday, less than 24 hours after hitting $10,000 for the first time, as central bankers on both … Continued