The Economist - World News, Politics, Economics, Business & Finance

Authoritative weekly newspaper focusing on international politics and business news and opinion.

  • Mining bitcoin has become a huge, ruthlessly competitive business. But is it a profitable one?

    Bitcoin: The magic of mining 22 Jan '15, 5am

    A HUGE aircraft hangar in Boden, in northern Sweden, big enough to hold a dozen helicopters, is now packed with computers—45,000 of them, each with a whirring fan to stop it overheating. The machines (pictured) work ceaselessly, trying to solve fiendishly difficult mathematical puzzle...

  • 162 people are feared lost as an Indonesia airliner goes missing

    Flight QZ8501: Into thin air 28 Dec '14, 3pm

    DOWN a quiet corridor at Changi International, Singapore’s sprawling airport, the families of passengers who boarded an AirAsia jet in Indonesia this morning slip into a lounge hidden by purple screens. Air-traffic controllers lost contact with flight QZ8501 a little less than 45 minu...

  • African #armies on spending spree #military

    Defence spending: Arms and the African 23 Nov '14, 2pm

    THE north-eastern Nigerian town of Chibok is spared little. Earlier this year fighters from the extremist group, Boko Haram, abducted more than 200 local schoolgirls. In the past week insurgents and government troops have traded possession of urban districts and surrounding farmland, ...

  • The shuttered Bitcoin exchange, Mt Gox, recently said it had uncovered $100m in a disused wallet

    Digital security: Bitcoins run hot and cold 02 Apr '14, 9pm

    ONE does not often find $100m in one's tatty old wallet. But that's just what Mt Gox, the shuttered Bitcoin exchange, says happened a few days ago. While Mt Gox has filed for bankruptcy in Japan and America, and initially said that it had lost 850,000 Bitcoins (valued then at nearly $...

  • Cryptocurrencies: The great hiccup 20 Feb '14, 6pm

    IN MOST businesses, a small coding error is a minor problem. With Bitcoin, an online “cryptocurrency”, a fairly simple flaw seems to have cost $5.3 billion. That is how much the value of all of the Bitcoin in the world has fallen over the past two weeks, after a bug caused several Bit...

  • Bitcoin’s future: Hidden flipside | 13 Mar '14, 5pm

    THE father has been found in time for his child’s funeral. That would appear to be the sorry state of affairs in the land of Bitcoin, a crypto-currency, if recent press coverage is to be believed. On March 6th Newsweek reported that it had tracked down Satoshi Nakamoto, Bitcoin’s elus...

  • Cryptocurrencies: The great hiccup 23 Feb '14, 11am

    IN MOST businesses, a small coding error is a minor problem. With Bitcoin, an online “cryptocurrency”, a fairly simple flaw seems to have cost $5.3 billion. That is how much the value of all of the Bitcoin in the world has fallen over the past two weeks, after a bug caused several Bit...

  • Gay-friendliness of #military #Israel #IDF ranked 9th #LGBT

    Daily chart: Soldiers and lovers 17 May '14, 6am

    THE armed forces and homosexuality do not make natural bedfellows. Though tales from ancient Greece vaunt the heroism of gay soldiers, modern armies are mostly squeamish on the subject. So when New Zealand's brass let its soldiers participate in a gay-pride parade, it helped put the c...

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