Does an industrial-sized dog whistle go off when advocates boast about cryptocurrency’s ability to evade US government sanctions? Back in March, a founder of Tornado Cash — a so-called “mixer” service that masks cryptocurrency transactions by mixing them with others — told Bloomberg it would be “technically impossible” for sanctions to be enforced against decentralised protocols. Surprise: Tornado has ...

  Against all expectation (not a single economist polled by Bloomberg had predicted it), the People’s Bank of China (PBOC) has cut interest rates. The ease was only by 10 basis points, to the bank’s one-year lending rate, but it was still in the exact opposite direction to the monetary route being taken in the west and in the rest ...

Bloomberg British Airways check-in staff approved a pay settlement that their union said amounts to a 13% raise, while Uber Technologies Inc agreed to raise fares in the UK to boost earnings for its drivers. BA employees “overwhelmingly backed” the settlement, the Unite union said, after announcing last month that an agreement had been reached to avert strikes at the ...