Cryptoverse: Ether prepares for epic ‘merge’ in quest to eclipse bitcoin
Ether has promised to do better. It has promised to go to the next level, edging out crypto rivals and even outshining the godfather, bitcoin. But the clock’s ticking.
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Britons look to discounters as grocery inflation hits highest in more than a decade
British grocery inflation hit 5.9 per cent in April, its highest level since December 2011, forcing shoppers to seek out value, increasingly at discounters Aldi and Lidl, industry data showed on Tuesday.
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London’s Heathrow raises 2022 passenger forecast to 52.8 million
London’s Heathrow Airport raised its 2022 forecast for passengers to 52.8 million on Tuesday, representing 65 per cent of pre-pandemic levels, driven by demand for leisure travel, but it expected numbers to ...
Russian rouble hits near 2-year high vs euro
The Russian rouble strengthened on Monday, firming past 77 against the euro to a near two-year high, helped by tax payments that companies are due to make this week and as ...
Coca-Cola results exceed expectations on higher prices, stable demand
Coca-Cola Co (KO.N) beat quarterly revenue and profit expectations on Monday, helped by higher prices and a rebound in demand for its sodas at theaters and restaurants.
Consumer goods ...
US trucking downturn foreshadows possible economic gloom
Craig Fuller monitors millions of transactions between US truckers and their customers as chief executive of transportation data company FreightWaves – and he does not like what he is seeing.
There ...
Germany to hike 2022 inflation forecast to 6.1 per cent
The German government is set to hike its inflation forecast for this year to 6.1 per cent due to the impact of the war in Ukraine, up from 3.3 per cent it ...
Israel’s Econergy to team up with Terna Energy to build solar plants in Greece
Israel’s Econergy Renewable Energy (ECNR.TA) has partnered with Greece’s Terna Energy (TENr.AT) to develop 460 megawatts (MW) of solar plants in Greece, it said on Monday.
Econergy ...
Government debt to GDP ratio falls in Q4 2021
At the end of the fourth quarter (Q4) of 2021 government debt to GDP ratio in Cyprus was 5.4 percentage points lower compared to Q3 of 2021, and 11.4 percentage points lower than at ...
Honda developing three new electric vehicle platforms by 2030
Honda Motor Co (7267.T) plans to build millions of electric vehicles (EV) by 2030 using three new dedicated platforms, with one to be jointly developed with US partner General Motors Co (...
Bruised Wall Street faces gauntlet of worries after market tumble
Battered US stocks are facing a potentially painful stretch in the weeks ahead, as hawkish Federal Reserve policy, rising bond yields, geopolitical uncertainty and the corporate earnings season fuel investor ...
China UnionPay, Russia’s potential payments backstop
Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that of home-grown payment system Mir, after Visa Inc (V.N) and ...
Turkish central bank revises reserve requirement regulations
The Turkish Central Bank said on Saturday it revised regulations on banks’ reserve requirements, applying them to the asset side of balance sheets in order to strengthen its macroprudential policy ...
Big business joins forces to bridge Germany’s growing skills gap
Germany’s industrial heavyweights are teaming up to retrain workers in areas such as software and logistics to fill a growing skills gap and avoid layoffs among workers of all ...
Indonesia’s palm oil export ban will hurt other countries
Indonesia’s new palm oil export ban will hurt other countries but is necessary to try to bring down the soaring domestic price of cooking oil driven up by Russia’...
Lagarde tells ECB policymakers to hold back criticism, leaks
European Central Bank President Christine Lagarde told policymakers to hold back on dissenting views on decisions for several days, a move critics say stymies their ability to present an honest ...
Cyprus looking to alternative markets for major investments
By George Pirishis
A significant stagnation in terms of attracting investors for large-scale developments has been observed in the Cypriot real estate market.
This slowing down of that particular segment ...
The French presidential election: more than just about France
By Ioannis Tirkides
Emmanuel Macron is still expected to win the presidential election in France, this Sunday, April 24, but it will be a tight run according to polls, and French ...
A Le Pen upset win would spark selloff in French bonds, euro -fund managers
Investors have discounted Marine Le Pen winning the French presidency on Sunday, so an upset would cause a selloff in French government bonds and dent the euro, fund managers and ...
Inflation has affected consumer behaviour
By Yiannis Seitanides
Cypriot consumers have reacted, as one would expect, to the increased inflationary pressures of recent months by reducing the volume of their purchases at supermarkets and becoming ...
Economic sentiment in Cyprus improved in April
In April 2022, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 2.8 points compared with March 2022, as shown by data published by the Economics Research Centre of ...
Cyprus Business Now
Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos on Thursday met with the Paphos Chamber of Commerce and Industry to discuss a number of issues, including digitisation, entrepreneurship, ...
Elon Musk’s Tesla races ahead of rising costs with price hikes
Tesla Inc results (TSLA.O) surged past Wall Street expectations on Wednesday, as higher prices helped insulate the electric vehicle maker from supply chain chaos and rising costs.
The results ...
Ackman gives up on Netflix, taking $400 mln loss as shares tumble
Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following ...