Pound Collapses as Johnson asks Queen to suspend Parliament

The pound slid as Prime Minister Boris Johnson sought to suspend the U.K.’s Parliament, raising the risk of a no-deal Brexit.   Sterling was the worst performer among major currencies as Johnson confirmed an earlier BBC report, while U.K. government bonds rallied on expectations of an earlier Bank of England interest-rate cut. With the U.K. set to leave the European Union on Oct. 31, suspending Parliament would mean less time for lawmakers to attempt to block a no-deal. A no-deal Brexit is the worst-case scenario for the pound, driving it…

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World, Business, Bitcoin News Today – 7 August 2019 – Pakistan vows to fight India on Kashmir

Pakistan vows to fight India on Kashmir Pakistani PM Imran Khan has vowed to fight India’s decision to revoke Indian-administered Kashmir’s autonomy, including at the UN Security Council. Mr Khan said the move was in breach of international law, adding that he feared ethnic cleansing by India. The region remains locked down, a day after India announced the move. The Himalayan region of Kashmir is claimed in its entirety by both India and Pakistan, but each country controls only part of it. There is a long-running separatist insurgency on the…

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World, Business and Bitcoin News Today – 6 August 2019 -Trump imposes sweeping sanctions on Venezuela

    Trump imposes sweeping sanctions on Venezuela  President Donald Trump on Monday signed an executive order freezing all assets of the Venezuelan government, further tightening restrictions on embattled President Nicolas Maduro. The sanctions are the latest economic maneuvers targeting the Maduro government, since late July when the U.S. Treasury Department sanctioned 13 entities and 10 individuals, including three of Maduro’s stepsons, for running an alleged corrupt network of shell companies to syphon money from the country’s emergency food subsidy program. The United States government has been applying pressure on…

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World, Business and Bitcoin News Today – 5 August 2019 – Shooting Massacre in the US, India Revokes Kashmir Status

    29 People dead in US Mass Shooting As reported by the BBC:President Donald Trump has said “hate has no place” in the US after 29 people were killed in two mass shootings over the weekend, amid accusations that he bears some responsibility. An attack on a Walmart store in El Paso, Texas left 20 dead, while nine died in a shooting in Dayton, Ohio. Mr Trump said “perhaps more has to be done” to stop such attacks. But critics said he was part of the problem, citing his…

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World, Business and Bitcoin News Today – 2 August 2019 – US pulls out of Nuclear Treaty with Russia

    US pulls out of Nuclear Treaty with Russia. As reported by the BBC:The US is set to formally withdraw from a nuclear treaty with Russia, raising fears of a new arms race. The Intermediate-Range Nuclear Forces Treaty, INF. was signed by US President Ronald Reagan and Soviet leader Mikhail Gorbachev in 1987. It banned missiles with ranges between 500-5,500 km (310-3,400 miles). But earlier this year the US and Nato accused Russia of violating the pact by deploying a new type of cruise missile, which Moscow has denied.…

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World, Business and Bitcoin News Today – 1 August 2019 – Bitcoin breaks $10,000, Bin Laden’s son killed in Airstrike

    Bitcoin breaks $10,000. Bitcoin bulls had something to get excited about, as the largest cryptocurrency by market capitalization jumped 3% overnight. Overall the market was mixed though with Ethereum, and Bitcoin Cash, losing 3% each. Lite coin had a good day with a 4% jump. The cryptocurrency markets are looking for direction, after Facebook’s Libra plans seem uncertain, and bulls are hoping that Bitcoin could set the trend going into August     Bin Laden’s son killed in Airstrike Hamza Bin Laden, the son of al-Qaeda founder Osama…

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World, Business and Bitcoin News Today, 31 July 2019 – Democrats clash over Healthcare and Immigration, North Korea fires more missiles

    Democrats clash over healthcare and immigration. Ten Democratic presidential hopefuls have clashed in a televised US debate, that laid bare the party’s deep divisions over how best to win in 2020. Elizabeth Warren and Bernie Sanders, the most liberal candidates in the crowded field, came under attack from their more moderate colleagues. The three women, and seven men on stage in Michigan, debated healthcare, border policy and how to defeat Donald Trump. Ten more Democrats, including Joe Biden and Kamala Harris, will debate on Wednesday. The winner of…

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World, Business and Bitcoin News Today – 30 July 2019 – Capital One Hacker Arrested after Massive US Data Breach, Facebook warns investors on Libra

    Capital One Hacker Arrested after Massive US Data Breach The personal details of about 106 million individuals, across the US and Canada, were stolen in a hack targeting financial services firm Capital One, the company has revealed. The announcement came after the alleged hacker was arrested on Monday. According to Capital One, the data included names, addresses and phone numbers of people who applied for its credit card products. But the hacker did not gain access to credit card account numbers, it said. According to the BBC, The…

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World, Business and Bitcoin News Today – 29 July 2019 – Mass Shooting at California Food Festival Leaves Three Dead

Welcome to the BitMedia news review with the latest World News, Business, Bitcoin and Crypto headlines and stories. To keep updated, subscribe to our BitMedia channel, and hit the bell notification.     Mass Shooting at California Food Festival Leaves Three Dead  A gunman killed at least three people at a California food festival on Sunday, before being shot dead by police, and police were hunting for a second person they believed was involved in the killing. Some 15 people were wounded during the mass shooting at the three-day Gilroy…

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World, Business and Bitcoin News Today – 26 July 2019 – Four dead in Los Angeles shooting spree

Welcome to the BitMedia news review with the latest World News, Business, Bitcoin and Crypto headlines and stories. To keep updated, subscribe to our BitMedia channel, and hit the bell notification.     Four dead in Los Angeles shooting spree Four people were shot dead and two wounded on Thursday, in a shooting spree that spread across four three Los Angeles neighbourhoods, and touched off a 12-hour manhunt before police tackled and arrested an armed suspect. A Los Angeles police spokesman identified the suspect as Gerry Zaragoza, 26, and said…

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