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Thursday’s Headlines: Brexit, Bitcoin, Futuristic Nike Store

dominic raab thursday's headlines

Good morning. Here are Thursday’s headlines for this week.

Brexit Secretary Dominic Raab Officially Resigns

Dominic Raab, Secretary of State for Exiting the European Union, has resigned.

According to Raab, he left his post because he “cannot in good conscience support” the draft Brexit agreement UK made with the EU.

British Prime Minister Theresa May said on Wednesday that she had secured her cabinet’s backing for the agreement.

However, many ministers were reportedly understood to be against it.

Among Conservative backbenchers, there are also suggestions of moves to force a no-confidence vote in May.

Raab, a Leave supporter, is believed to be among the group of senior ministers who are not satisfied with the agreement.

More than 100 Still Missing in California Camp Fire

Hundreds of people are searching for their loved ones in the communities affected by the deadly California Camp Fire.

According to authorities, 130 people remain unaccounted for after the blaze.

Most of the people in the partial list of missing individuals are senior citizens.

The staggering death toll has now climbed to 56.

A majority of the missing are from the town of Paradise, which was virtually burned to the ground.

When asked for a timeline on the search, Butte County Sheriff and Coroner Kory Honea said, “We’re moving as fast as we can. It will take as long as it takes.”

Nike Opens 68,000-Square-Foot Flagship Store in NYC

Nike’s futuristic flagship store in New York City has opened its doors.

Spanning six floors, the 68,000-square-feet building offers all-new customer experiences that the company has never done before.

Located on Fifth Ave. Manhattan, it serves as the forefront of Nike’s journey to digital transformation.

The store offers the largest collection of Nike shoes for sale in the world.

There’s also a “speed shop” featuring items that are available for grab-and-go.

The building is also module – walls can be moved to give space for any events inside the store.

Bitcoin Dips Under $6,000, Sets New Low for This Year

Bitcoin has reached a new record low for 2018.

Its price has dropped more than 10% on Wednesday – marking its lowest level in over a year.

Bitcoin is currently trading below $6,000, far behind the levels it reached during its rise at the end of last year.

In December 2017, it almost touched $20,000.

Following its meteoric rise, the cryptocurrency took a nosedive over the months that followed.

It was hovering between $6,000 and $7,000 since September.

The major drop on Wednesday, according to analysts, is a stark reminder that cryptocurrencies remain a highly volatile investment.

 ‘Jack Reacher’ Reboot: Lead Star Tom Cruise to be Replaced

Action hero Jack Reacher is making a comeback on the small screen with a new actor playing the role.

According to creator Lee Child, Tom Cruise – who portrayed the character in two films – is too short.

Reacher is described as 6ft 5 in tall with hands as big as dinner plates in Child’s books.

Cruise, on the other hand, is 5ft 7in.

“Cruise, for all his talent, didn’t have that physicality,” Child said in an interview.

He also confirmed that a deal on the streaming show has been officially signed.

Featured image: Dominic Raab Credit: Wikimedia Commons/ Policy Exchange

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