Industry News Analysis - Business, Financial and Economic News

Latvia’s central bank governor was held by the country’s anti-corruption agency; his house and offices under Bank of Latvia were raided by officers.

US consumer prices rose faster than expected in January, a sign of firming inflation that bolstered expectations of higher interest rates. 

The European airplane designer, Airbus, has been hit by a €1.3bn (£1.2bn) charge associated to its troubled A400M military transport plane. 

The Serious Fraud Office (SFO) has accused Barclays Bank for a $3bn Qatar loan sanctioned in 2008; “unlawful financial assistance” is the issue Barclays has been charged with.

On Wednesday, Elon Musk’s cherry red sports car manufactured by Tesla together with ‘Starman’ were launched over Falcon heavy rocket from Kennedy Space Center in Florida.

Google's driverless car firm, Waymo, has blamed Uber of copying its self-driving car technology; it has been more than a year and now the trail has been actively opened on Feb 5.

On Friday, Bitcoin charged below $8,000, recording a massive 60 percent drop from its highest mark two months ago; other small cryptocurrencies also experienced a dip. 

Google's parent organization, Alphabet, reported its Q4 earnings which revealed lower figures after higher costs counterbalanced a big jump in advertising sales.