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Metro Bank shares continue to slide

Metro Bank shares continue to slide

Business
Metro Bank's share price has fallen another 4% in early trading as concerns persist over its financial health.The bank's shares have lost three-quarters of their value since January, when it announced it needed money to plug a funding gap left by an accounting error.It said it was in "final discussions" with shareholders and new investors over its plans to raise £350m."Feedback continues to be positive," it added.The bank said it expected to raise the money by the end of June.It said it would raise the money via a share placing, with additional shares created and offered to new and existing investors.How important is Metro Bank?If you live outside London and the South East of England, it might be entirely unfamiliar to you.It has
Blockchain's potential will continue to spur public and private investment

Blockchain's potential will continue to spur public and private investment

Finance
The many big companies disrupted by blockchain have now made it a priority to harness this technology. As is typically the case when faced with disruption, large companies are seeking to defend their territory by adopting the very tool that threatens them. With blockchain there's a lot at stake. The global market for blockchain-related products and services is about $ 700 million and is projected to exceed $ 60 billion annually in 2024, according to Wintergreen Research. Among the big corporate blockchain players are Accenture, Facebook, Google, IBM and Microsoft. ...
Migrants nix offer to stay in Mexico, continue trek to US

Migrants nix offer to stay in Mexico, continue trek to US

World
More than a hundred Mexican federal officers carrying plastic shields abandoned a blockade they had formed on a bridge Saturday, allowing a caravan of thousands of Central American migrants to advance toward the United States. The officers ended the standoff after representatives from Mexico's National Human Rights Commission told police that a rural stretch of highway without shade, toilets or water was no place for migrants to entertain a government offer of asylum in Mexico, which is why police said they set up the blockade. Police boarded buses and headed further down the highway, while migrants cheered and vowed to trek all the way to the U.S. border despite fierce opposition from President Donald Trump. Mexican President Enrique Pena Nieto launched a program on Friday dubbed "You a...
High energy prices threaten economic damage, but likely to continue: IEA

High energy prices threaten economic damage, but likely to continue: IEA

Business
Oct. 12 (UPI) -- Expensive energy, including the prices of oil, gas and coal at "multi-year" highs, pose a threat to economic growth worldwide, particularly to emerging market economies that are also seeing depreciations of their currencies, the International Energy Agency said Friday. The agency showed particular concern that with peaks in both crude oil production and crude oil demand, both at nearly 100 million barrels per day, the spare capacity of the world has been reduced "to only 2 percent of global demand." "This strain could be with us for some time and it will likely be accompanied by higher prices, however much we regret them and their potential negative impact on the global economy," the agency said in its report. "For many developing countries, higher international prices co...