Business

Vietnam is on the cusp of joining a growing list of countries that have explicitly legalized bitcoin and other cryptocurrencies, according to local media outlets cited by CoinTelegraph. Prime Minister Nguyen Xuan Phuc has authorized the formulation of a plan that could result in the legalization of digital currencies by next year, reportedly ordered the country’s central bank, ministry of finance and the ministry of public safety to study and draft the legal framework.

Just nine hours after Jeff Immelt tweeted that he was no longer in the race to be Uber's next CEO, moments ago Uber's board selected Expedia CEO Dara Khosrowshahi, 48, various news outlets report. According to Recode, the board selected the "third candidate", one who was not only an unknown until now, but one who as the photo below shows, is also not a woman despite his beguiling first name and the board's rumored prerogative to pick a female next leader.

Dara Khosrowshahi, current CEO of Expedia

Authored by Jake Van Der Kamp via The South China Morning Post,

So much production in industries like steel is based on demand for more production, but should that demand falter, the whole system could come crashing down

Friends who have a greater interest than I do in reading the tea leaves in Beijing tell me that the emphasis in relations with Hong Kong from now on will be on one country rather than two systems.

I think this phrases things the wrong way. The one country bit was never in issue.

The entire energy futures complex is notably higher at the open with RBOB Gasoline spiking over 4% to its highest since January amid the carnage of Hurricane Harvey.

After President Trump declared "economic war" with China, seemingly following Bannon's strategy to maintain hegemony...

“We’re at economic war with China,” he added. “It’s in all their literature. They’re not shy about saying what they’re doing. One of us is going to be a hegemon in 25 or 30 years and it’s gonna be them if we go down this path.”