Finance

Finance

What would a recreational marijuana market in California look like?

GROOVY. Cannabis will be taxed more than tobacco, marketed like wine, funded like the riskiest of start-ups and grown under bank-like security.

That’s the emerging vision of what California’s consumer market for marijuana, expected to be worth $6 billion by 2020, is going to look like after voters on Tuesday approved recreational use of cannabis.

Media. The Panama Papers Massive leak reveals offshore accounts of world. See the list of jounalists around the world

LEAKING. An investigation published today by the International Consortium of Investigative Journalists and its media partners reveals the hidden workings of a secretive industry that banks and lawyers use to hide the financial holdings and dealings of powerful clients, including prime ministers, parliamentarians, plutocrats and criminals, according to a trove of leaked documents.

Finance. Bitcoin’s Creator Satoshi Nakamoto Is Probably This Unknown Australian Genius

EVEN AS HIS face towered 10 feet above the crowd at the Bitcoin Investor’s Conference in Las Vegas, Craig Steven Wright was, to most of the audience of crypto and finance geeks, a nobody.

Middle East. Saudi Arabia's mounting security challenges

OIL PRICE. Saudi Arabia faces an increasingly complex web of security challenges at a time when its economy is depressed. With oil prices unlikely to rise in the next couple of years, King Salman bin Abdul-Aziz Al Saud will have to balance carefully his foreign policy priorities.

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