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Former Qualcomm executive sent to prison for insider trading

A former Qualcomm Inc. executive was sentenced Friday to 18 months in prison and fined $500,000 for an insider trading scheme to profit off the wireless technology company's confidential information and then covering up his ...

Can Africa's mobile money revolution reduce poverty?

When farmer Isaac Tondo fell on lean times in Liberia's long rainy season, his brother in the capital sent 8,000 Liberian dollars (US$87) to his Lonestar mobile money account, ensuring his children's school fees would still ...

EU bank watchdog warns over Bitcoin

The European Union's banking watchdog on Friday issued a warning over virtual currency trading amid huge swings in the value of Bitcoin, a lack of regulation and money laundering risks.

California bullet train costs soar to $77B; opening delayed

The projected cost of California's bullet train between San Francisco and Los Angeles has jumped to $77 billion and the completion date has been pushed back four years to 2033, according to a business plan released Friday.

Skype-type money swaps bad news for banks?

Irked by high bank fees on international money transfers, two Estonian IT whizzes who helped engineer Skype and Paypal have hatched Transferwise, a global Internet platform coordinating currency swaps between individuals.

Wealth redistribution, not tax cuts, key to economic growth

President Trump's new tax plan will follow the familiar script of reducing taxes for the rich in the name of job creation. Not only will these trickle-down policies not work—they'll make the problem worse. A new report ...

US penalizes developer of virtual currency XRP

San Francisco company Ripple Labs agreed to pay a $700,000 penalty for running a market for XRP, the world's second largest virtual currency after Bitcoin, outside US financial regulations.

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