Tag: Economy
Hungarian central bank cuts base rate to 6.75 percent
Hungary's central bank cut its key interest rate by a quarter of a percentage point to 6.75 percent. It announced this in a press...
It Takes 9 Years of Household-Equivalent Electricity to Mine 1 BTC
CryptoMonday CEO Jonathan Merry says, "Conceptually, it doesn’t seem like Bitcoin mining should require enormous amounts of electricity. However, the process is actually quite...
Strikes cost Lufthansa €250m this year, CFO estimates
Strikes have caused Lufthansa to lose €250 million this year, the group's chief financial officer Remco Steenbergen estimates. Reuters reported today.
Strikes meant losses of...
Chinese smartphone manufacturer Xiaomi increased sales by 11 percent thanks to...
Chinese smartphone manufacturer Xiaomi increased fourth-quarter sales 10.9 percent year-on-year to 73.24 billion yuan, beating estimates. It was helped by stronger demand at a...
Apple’s smartphone sales in China down 24 percent at the start...
Apple's smartphone sales in China fell 24 percent in the first six weeks of this year. The US firm has fallen to fourth place...
The number of people out of work in Germany rose in...
The number of people out of work in Germany increased by 8,000 to 2.814 million in February, while the unemployment rate remained at 6.1...
Bank Capital One buys credit card issuer Discover for $35 billion...
US bank Capital One has agreed to take over US credit card issuer Discover Financial Services for about $35 billion. The companies announced this...
BTG Capital Review – We do not recommend! ...
BTG Capital is an online broker that is managed and operated by Cauvo Brokerage Mauritius Ltd. The company was established to provide both retail...
ADP does not expect Chinese air traffic to return to pre-pandemic...
French airport operator ADP does not expect Chinese air traffic to return to pre-Covid-19 levels this year, citing subdued demand and slow economic growth...
British economy fell in the fourth quarter, falling into recession
Britain's gross domestic product (GDP) fell by 0.3 per cent in the fourth quarter, following a 0.1 per cent decline in the previous three...
