President Nicolás Maduro hopes it will help fix the country’s dire financial situation by sidestepping US sanctions and providing an alternative to cash, which is nearly worthless in Venezuela due to the soaring inflation rate.
Europe's investments in offshore wind have fueled better technology, more competition and cheaper capital for new projects. That's driven down the cost of offshore power and now the US is capitalizing on the savings.
The meeting came amid one of the most volatile weeks for flagship virtual currency bitcoin, which at one stage had halved in value from its record high of $20,000 set on the Luxembourg Bitstamp exchange a month ago, amid investor fears of a regulatory crackdown to curb speculators.
China's banking regulator has introduced new measures to increase scrutiny on investments in commercial lenders and tighten regulation on the entrusted loans market, a rapidly growing segment of the country's shadow banking.
The Saudi prince who owns 1/3 of Twitter disappeared into the Riyadh Ritz-Carlton on Nov. 8 and has not been seen since. But the apparent incarceration of Prince Alwaleed bin Taleel — the 45th richest man on Earth and friend of billionaires Rupert Murdoch and Bill Gates — is not getting a lot of media attention. CNBC's Jake Novak explains why few are now talking about Saudi Arabia's Twitter Prince.
The “repatriation provision” proposed by Republicans would change give American companies a tax break – allowing them to pay a minimum of 10 percent tax on overseas earnings (in the Senate version of the bill) and a 20 percent tax on domestic profits.
First, it was the Panama Papers. Now, Pulitzer Prize-winning journalist Frederik Obermaier and his colleague reveal the Paradise Papers, an exposé of the offshore activities of some of the world's wealthiest people and companies.