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Swiss cryptocurrency haven lands in $1 billion US lawsuit

Bloomberg All is not well in Crypto Valley. One of the highest profile digital-currency projects in Switzerland, a country that’s been among the most enthusiastic advocates for cryptocurrencies, is under fire from both outsiders and insiders over allegations of false marketing and mismanagement, prompting its president to resign. Now the Tezos Foundation, which raised $232 million in an initial coin ...

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UK lawmakers angry after Carillion paid millions to advisers

Bloomberg British lawmakers released documents that show law firms and consultants got millions of pounds from Carillion Plc, a day before the failing company’s chairman asked for an emergency government loan in a letter that one committee head called a “ransom note.” Carillion’s board requested $13.9 million after paying more than 6 million pounds to companies including Ernst & Young ...

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Trump ‘clarity’ on tariffs not what EU looked for

Bloomberg Hours after EU trade chief Cecilia Malmstrom said she had “no immediate clarity” on whether the bloc will be let off the hook from planned US tariffs, President Donald Trump laid down his conditions and repeated a threat if they’re not met. “The European Union, wonderful countries who treat the US very badly on trade, are complaining about the ...

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