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Ecuador heralds 'digital currency' plans

 
In this Aug. 24, 2014, photo, a young man texts a message on his mobile phone while working at the Mayorista Market in Quito, Ecuador. Ecuador's Central Bank is getting ready to use electronic currency in which consumers will initially be able to use it to make and receive payments using their cellphones. Ecuador is heralding its plans to create the world’s first government-issued digital currency, which some analysts believe could ultimately replace the country’s existing currency, the U.S. dollar, which the government cannot control.

Ecuador is planning to create the world's first government-issued digital currency, which some analysts believe could be a first step toward abandoning the country's existing currency, the U.S. dollar, which the government cannot control.

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Former Secretary of State Hillary Rodham Clinton speaks at the Nexenta OpenSDx Summit, Thursday, Aug. 28, 2014, in San Francisco. Clinton discussed gun control, international relations and race inequality on Thursday.

    Clinton says frayed trust led to Ferguson violence

    Hillary Rodham Clinton broke nearly three weeks of silence Thursday on the fatal police shooting of an unarmed 18-year-old in Missouri, saying his death and the violent protests that followed resulted from frayed bonds of trust in a racially divided community.

  • Vivendi, Telefonica in talks over Brazil business

    French media conglomerate Vivendi said Thursday it would begin exclusive talks with Spanish telecoms company Telefonica for the sale of its Brazilian operator Global Village Telecom, or GVT, after the Spanish company raised its offer to 7.45 billion euros ($9.82 billion) from 6.7 billion euros.

  • Egypt militants post beheading video

    An al-Qaida-inspired militant group in Egypt has posted an online video showing the beheading of four men in the Sinai Peninsula accused of spying for Israel, whose bodies were found earlier this month.

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