The Week In Numbers: Lucky 13

The bean-counters at the World Bank have been busy on their abacuses again. The international lender has trimmed its forecast for global growth by 0.1% to 2.7%. But the bank was quick to hedge its bets. It said it is too early to draw any conclusions as to what a Trump administration might bring. Economists stating the obvious.

Shares in disruptive currency platform Bitcoin fell around 5% after China’s central bank said it had launched spot investigations. The People’s Bank of China is looking at possible market manipulation and money laundering through the exchange. Ever tried to drink soup with a fork.

China has banned Pokemon Go on grounds that it could pose a risk to consumer safety and national security. The Augmented Reality game was ranked the most popular mobile phone application in 70 countries. Augmented Reality games offered by China’s Alibaba and Tencent have not been banned.

Volkswagen has agreed in principle to a $4.3 billion settlement with US authorities over the emission-rigging scandal. The German carmaker also said it would plead guilty to breaking certain laws. The settlement could bring the total costs of the emission-cheating scandal to more than $19.2 billion the company had set aside.

And finally, The UK’s FTSE 100 recorded its longest winning streak on record. The benchmark index rose for 13 consecutive days since its inception in 1984. It seems that the weak pound has brightened the outlook for UK companies that earn most of their revenues abroad. 13 may be unlucky for some.

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