Business

A quantum supercomputer built by Google could cripple cryptocurrencies like Bitcoin. The tech giant’s new computer is so powerful it is feared it could crack the powerful encryption that makes crypto so secure. Cryptocurrency uses encryption to secure transactions and control the creation of new units. Daily Express :: City and Business Feed

ONE of Europe’s iconic car brands will go out of business in the next three years, according to predictions to a new automotive survey.  Daily Express :: City and Business Feed

The pound slumped against the euro this afternoon, with the pairing currently trading at around €1.121. Sterling was left under pressure at the top of the week as Brexit pessimism plagued the manufacturing sector, with manufacturing sales plunging at its sharpest pace since 2011. Daily Express :: City and Business Feed

THE FTSE 100 showed signs of recovery today but is still heading for its worst week in 20 months amid fears of economic slowdown and recession. Daily Express :: City and Business Feed

The pound was left flat against the US dollar with the pairing currently trading around $ 1.229. The UK economy seems to be tipping toward recession as companies brace for the risk of a no-deal exit from the European Union at the end of October. Daily Express :: City and Business Feed

The pound euro exchange rate rose by 0.6 percent today, with the pairing currently trading around €1.129 on renewed hopes for an extension beyond the October 31 Brexit deadline. This follows official EU commentary describing Prime Minister Boris Johnson’s proposal for a new deal as not “even remotely” acceptable. Daily Express :: City and Business Feed

The pound euro exchange rate eased today, with the pairing currently trading around €1.122 after September’s UK Markit Manufacturing PMI failed to emerge from contraction territory at 48.3. Last month saw Brexit uncertainty and the global economic slowdown continue to weigh on the British economy. Daily Express :: City and Business Feed

The US dollar remained steady as it climbed against a handful of currencies, hitting a 29-month high as markets priced in a lower chance of further Federal Reserve Rate cuts in the coming months. The US Markit manufacturing PMI also provided some support for the US Dollar, edging up to a five-month high in September. Daily Express :: City and ...

The pound US dollar exchange rate held steady today, with the pair currently trading around $ 1.230 after the UK’s Q2 year-on-year growth figure was revised from 1.2 percent to 1.3 percent. However, the pound failed to make any gains against the US dollar as ongoing pessimism about the UK economy and Brexit uncertainty continued to cast a cloud over ...

The pound has risen against the euro this afternoon, with the pairing currently trading at around €1.128. The pound edged up against the euro as the Office for National Statistics released encouraging data showing a surprisingly resilient UK economy. Daily Express :: City and Business Feed