Nasa has captured some incredible photos of the fire from space. 0nto the business pages of gulf news, another day and another record for cyptocurrency bitcoin, which has surpassed 16,000. It bounces up and down a lot. It has dropped 4 in the course of today. People are asking if it is a bubble. Finally, staying with bitcoin, bloomberg is looking at electricity consumption that Digital Currencies like bitcoin absorb. Giant farms of servers are needed to handle the massive transactions but has the environmental footprint been overblown . So lets begin. With me is cornelia meyer, ceo of Business Consultancy mrl corporation. You have been a writing throughout the week about a brexit. It is all coming, one would hope, to a satisfactory head. Well find out in due course. The Daily Telegraph are pretty confident a deal has been done. They seem to be spoton. They said that theresa may would meet this morning with jean claude juncker, when i read this this morning on the way in, i thought they
International agreements and undermine worldwide trade. The Online Business independent says the uk will lose over 10,000 finance jobs to other european cities by day one of brexit, according to new research. Of over 200 city firms surveyed, almost a third of banks, brokers and Asset Managers say they are considering plans to move staff to cities such as dublin, amsterdam and frankfurt. Bloomberg online looks at crypto currency bitcoins debut on wall street, which according to the website hasnt ended the financial industrys scepticism. It says bitcoins first day on the Futures Exchange had its supporters cheering, while many mainstream Financial Professionals remain unsure. And finally, the arab news announces that movie theatres are to reopen in saudi arabia in 2018, for the first time for over 35 years. So lets begin. With me is james hughes, who is chief market analyst at axitrader, a brokerage firm. Nice to see you. Good morning. So once again much of the media trying to understand
The cheaper Ride Hailing Service that lets european drivers without a taxi license ferry passengers around. Uber shut the service in many major European Countries in favour of uberx, which requires drivers to have a license. If the case goes against it, uberfaces National Regulation in 28 member states. Existing laws are outdated. They were created before start ups like uber even existed. Its been a legal minefield for uber. In september, it was stripped of its london operating licence over Public Safety and security concerns. Meanwhile across the atlantic, a legal battle with self driving car firm waymo, which has accused uber of stealing its technology, is hotting up. Court documents revealed ubers internal spy unit was tasked with stealing rivals secrets. Lets get more on this story with stefan nerinx, an employment lawyer at fieldfisher whojoins me from brussels why does this distinction really matter bass the question is whether it isa matter bass the question is whether it is a t
That crisis looks set to continue. Catalonia is barely more than 6 of spains territory. But it accounts for around a fifth of the spanish economy, and almost a quarter of exports, as well as 16 of the population. Last week the bank of spain cut its National Economic growth forecast for next year from 2. 5 to 2. 4 , citing the uncertainty around catalonia as one of the main reasons. Businesses arent waiting to find out the impact. Many are moving their legal headquarters out of catalonia. Some reports suggest 3,000 have done so since the referendum, although politicians have been arguing over the numbers. Take a look at the spanish stock market. It was rising strongly in the first half of the year. Since 0ctobers referendum its been on a downward trajectory. Lets get more on this story. 0ur correspondent guy hedgecoe is in barcelona. Hejoins me via webcam. You have been living in spain for some time. Do you think that what we see today will be the end of the independence question . inau
Its all being driven by wall street optimism about the state of the worlds biggest economy, and, despite all the controversy in the white house, the pro growth policies of President Trump. On thursday, a report showed the us private sector created 250,000 newjobs in december a third more than was expected. That could bode well for official us jobs numbers out later today. Earlier this week, the Federal Reserve revealed it has boosted its growth forecast for the us economy this year to 2. 5 keeping up the pace seen in 2017. Those fed minutes also showed this was, at least partly, down to the 1. 5 trillion worth of tax cuts President Trump signed into lawjust before christmas. And these graphs speak for themselves. Us shares setting record after record since the president was inaugurated a year ago. Despite all this, millions of working americans have yet to feel the benefit. Average earnings have been stagnant for the past decade. But that could change this year as 18 states finally bri