Business

Bakkt Says It be ‘Cleared to Originate’ Bitcoin Futures Next Month – CoinDesk
Business

Bakkt Says It be ‘Cleared to Originate’ Bitcoin Futures Next Month – CoinDesk

news Bakkt has been “cleared to launch.” The Intercontinental Exchange’s young subsidiary announced Friday that it had acquired a New York state trust charter through the New York State Department of Financial Services (NYDFS). The approval clears the way for the company to begin offering its highly-anticipated physically-settled bitcoin futures contracts. The company intends to…

Kenya finance minister Henry Rotich faces arrest for corruption
Business

Kenya finance minister Henry Rotich faces arrest for corruption

Image copyright Reuters Image caption Henry Rotich took out a large newspaper ad to deny any wrongdoing Kenya’s finance minister has surrendered himself to the police after the chief prosecutor ordered his arrest over allegations of corruption.Henry Rotich is accused of flouting procurement procedures in awarding a contract worth over $450m (£405m) for the construction…

Italy’s Greatest Financial Challenge? It’s Composed Italy
Business

Italy’s Greatest Financial Challenge? It’s Composed Italy

ImageNaples is teeming with ancient palaces, but its present is colored by abandonment, as young people move north in pursuit of jobs.CreditCreditGianni Cipriano for The New York TimesNAPLES, Italy — Whatever hopes there were that a radically unconventional government might jolt Italy out of its economic torpor have mostly given way to bitter resignation that,…

Stocks arena to soar to complete volatile week – Fox Alternate
Business

Stocks arena to soar to complete volatile week – Fox Alternate

U.S. stocks are pointing to large gains when the market opens on Friday as investors are enthusiastic about possible stimulus measures in Europe.Dow Industrial futures are pointing to a more than 200 point gain or 1 percent. S&P 500 futures are  higher by 1 percent and Nasdaq futures are  up 1.3 percent.Markets are anticipating the European Central…

CEO of Cathay Pacific resigns following stress by Beijing on the Hong Kong provider over workers participation in protests – Stuff.co.nz
Business

CEO of Cathay Pacific resigns following stress by Beijing on the Hong Kong provider over workers participation in protests – Stuff.co.nz

The CEO of Cathay Pacific Airways has resigned following pressure by Beijing on the Hong Kong carrier over participation by some of its employees in anti government protests. Cathay Pacific said Rupert Hogg resigned Friday “to take responsibility” following “recent events.”SUPPLIEDCathay Pacific Airbus A330-300. The CEO of the airline has resigned following pressure by Beijing…

Federal authorities fires assist at airways, says it has authority to impose passenger-rights legislation – The Globe and Mail
Business

Federal authorities fires assist at airways, says it has authority to impose passenger-rights legislation – The Globe and Mail

The federal government has fired back against airlines in a legal battle over its new passenger rights law, saying it has the authority to make rules on how the carriers deal with delayed customers, cancelled flights or lost baggage. The Attorney-General of Canada, responding to an application by the airline industry to overturn the new…


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