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Bitcoin tops $11,000, marks 11-fold rise in 2017

Virtual currency bitcoin soared to an all-time high above $11,000 on Wednesday on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp.

The cryptocurrency broke through the $11,000 barrier, for the first time, despite warnings from traditional marketplaces and market-watchers. The digital currency was trading at $11,395 per coin, according to Reuters data. A 15 per cent increase from Tuesday brings its gains for 2017 to date to more than 1,000 per cent.

Wah, Wonder Woman indeed

Gal Gadot has reportedly refused to sign the much-awaited sequel of Wonder Woman if Hollywood producer Brett Ratner, who has been accused of sexual harassment and homophobia, remains attached with the movie. An insider told Page Six that the 32-year-old star, who plays the title role in the Patty Jenkins-directed film, does not want the successful franchise to benefit a man accused of sexual misconduct.

Ratner’s production company RatPac-Dune Entertainment backed Wonder Woman as a part of its co-financing deal with Warner Bros studios.

US business schools to give intense software training

US business schools are beefing up training in the software that underlies digital currency bitcoin, a technology expected to be a game changer in many industries. The move makes sense as more students seek careers in financial technology, or "fintech," which has captivated leading Wall Street banks and been called "the most important technology since the internet."

Bidding war heats up for $5b Amazon HQ2

It’s the prize of a lifetime – a $5 billion investment creating 50,000 well-paid jobs that everyone wants, but only one US city will get.

From East to West, from North to South, metropolises across the United States are locked in a frenzied bidding war desperate to woo Amazon into favouring them as the site of the e-commerce giant’s second headquarters.

Nooyi, Kochhar, Sharma on Fortune’s most powerful biz women list

Two Indians – Chanda Kochhar and Shikha Sharma – have made it to the rankings of most powerful women in business outside the United States drawn up by the Fortune magazine while Indra Nooyi featured in the top 3 on the US edition list.

The most powerful women in business outside the US list, which was topped by Banco Santander group executive chairman Ana Botin, placed ICICI Bank’s Kochhar at the fifth spot while Axis Bank’s Sharma has been ranked 21st.

Got short-range nukes to counter India’s ‘Cold Start’ doctrine: Pak PM

Pakistan has developed short-range nuclear weapons to counter the ‘Cold Start’ doctrine of the Indian Army, country’s Prime Minister Shahid Khaqan Abbasi said on Thursday. Abbasi was addressing a gathering at the Council on Foreign Relations, a top American think-tank, on his maiden visit to the US after taking over his new office. On Tuesday, he met with US Vice-President Mike Pence. He will address the annual UN General Assembly session on Thursday.

30% of Bank Jobs may disappear in five years

Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 per cent of banking jobs disappearing in the next five years.

Maria sparkles on return

Maria Sharapova proved she will be someone to contend with for the US Open crown after the Russian wild card outlasted second seed Simona Halep 6-4, 4-6, 6-3 on Monday to get the year’s final grand slam off to an electrifying start.

Still shaking off the rust from a 15-month doping ban and a string of nagging injuries, the 30-year-old Sharapova needed all her skill, determination and two hours and 44 minutes to snatch victory in front of a packed Arthur Ashe stadium.

McDonald’s to limit antibiotics in chicken

McDonald’s says it will start globally rolling back use of antibiotics in its chicken products from 2018 as part of efforts to curb microbial resistance to drugs and the rise of superbugs.

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