British businesses said that economic activity accelerated at the fastest pace in a year this month, while input cost inflation slowed off the back of falling fuel and energy prices, according to a closely watched survey released on Friday. The S&P/Cips global flash UK composite purchasing managers’ index, a measure of private sector activity, rose
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Bitcoin’s downturn continued on Friday, as prices fell for a third consecutive session, leading to a move below $28,000. Market sentiment has shifted in recent days, as traders began taking profits from last week’s high. Ethereum was also lower, and is now trading around the $1,900 region. Bitcoin Bitcoin (BTC) moved lower for a third
In this photo illustration a Procter and Gamble logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | Lightrocket | Getty Images Check out the companies making headlines before the bell: Procter & Gamble Company – Shares gained about 1.5% in the premarket after the consumer goods giant’s earnings
Shortly before his exit, Logan Roy, the anti-hero of the HBO drama Succession, rallies the journalist “pirates” at his television news network in New York City. “This is not the end. I’m going to build something better, something faster, lighter, meaner, wilder,” he shouts defiantly. “And I’m going to do it from in here, with
press release PRESS RELEASE. The team behind Worker or Sheikh is excited to announce the launch of their groundbreaking Play-to-Earn game, designed to provide players with an immersive and sustainable gaming experience. With its unique economic model, easy-to-learn gameplay, and AI-driven optimization, Worker or Sheikh is set to redefine the Play-to-Earn landscape. Worker or Sheikh
Elvira Nabiullina, governor of the Bank of Russia, has affirmed the bank has stockpiled reserves in assets that are not susceptible to being affected by U.S. sanctions. The official clarified that Russia has built a “safety cushion” in these assets while it continues working on creating new reserves in non-U.S. sanctioned assets. Russia Built Bank
Asian stocks sold off and European markets were steady on Friday as investors worried about the prospects for China technology stocks and progress in political negotiations over the US debt ceiling. Hong Kong’s Hang Seng index posted its largest daily drop since late February, falling 1.8 per cent with all sectors in negative territory. The
Oliver Dowden, the cabinet office minister and a longstanding ally of Rishi Sunak, has been appointed deputy prime minister, replacing Dominic Raab. Dowden, a political fixer and former Conservative party chair, first made his reputation as David Cameron’s deputy chief of staff in Downing Street, before later becoming an MP. It was widely expected in
The writer is the author of ‘Two Hundred Years of Muddling Through: The Surprising Story of the British Economy’ It is becoming worryingly easy to use the dread phrase “the 1970s” when discussing Britain’s economy. Inflation has been persistently high, industrial unrest continues to dominate the news agenda and all against a backdrop of an
Even on the day the museum is closed to visitors — a Tuesday — the vast courtyard of the Palais du Louvre in central Paris is teeming with tourists taking selfies in front of IM Pei’s glass pyramids and hawkers selling miniature Eiffel Towers decked with sparkling lights. But the Café Marly, a French brasserie
Nearly a month after Do Kwon’s arrest by Montenegro law enforcement, local prosecutors have now indicted the co-founder and CEO of Terraform Labs. The decision to indict Kwon is likely to delay attempts to extradite him to South Korea and the United States where he faces several charges. Local prosecutors have reportedly asked a court
Bitcoin (BTC) hit new intraday lows on April 21 as traders warned that $25,000 might come next. Trader: $25,000 BTC price would be “absolutely fine” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to preserve $28,000 as support on Bitstamp. The pair looked “weak,” in the words of one analyst, as overnight events failed to
Albania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring of 2021 and was arrested last year by Albanian law enforcement. Albania Hands Over Alleged Crypto Fraudster to Turkish Authorities
Good morning. Yesterday morning, Westminster was awash with rumours that Dominic Raab was soon to be sacked: at time of writing, Raab is still very much in place. These rumours can fly through a parliamentary party at times and it is a useful reminder of a neglected truth about politics: there ultimately aren’t a lot
Dominic Raab has resigned as the UK’s deputy prime minister after an independent report into bullying claims against him upheld two of the allegations. Raab, who was also justice secretary, issued a letter on Twitter on Friday morning saying he wanted to “keep his word” having promised to resign if the inquiry by employment lawyer
A gold-plated European parliament pension scheme is set to run out of money within two years, putting payouts at risk for almost a thousand members including the Brexiter Nigel Farage and Marine Le Pen, the French far right leader. Senior MEPs are fighting to avoid a €300mn taxpayer bailout of a special voluntary scheme for
Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh), according to the company. Terawulf Fires up 50 MW Zero-Carbon Bitcoin Mining;
A bill signed into law on April 11 has made gold and silver legal tender in the U.S. state of Arkansas, allowing citizens to use gold and silver coins to pay debts. The bill also clarifies that gold and silver “specie” (coins) will not be considered property for tax purposes, and transactions made with these
Investors representing $4.5bn of wiped-out Credit Suisse bonds have filed a lawsuit against Switzerland’s banking regulator, in a dispute which challenges the country’s reputation as the world’s most politically stable and reliable financial centre. The claim is the first to be brought by holders of $17bn of Credit Suisse convertible bonds which were rendered worthless
London has always been a demographic conveyor belt. Every year, it pulls in tens of thousands of recent graduates. They spend a decade or so climbing the professional ladder in the hope of making enough money to get on to the housing one, and then in their thirties many of them bid the capital farewell
Ursula von der Leyen sat in the VIP carriage of a Ukrainian train, a slight figure clad in a collared shirt and light jumper. Rattling through dark, forested countryside an hour outside Kyiv, the European Commission president and her entourage were making their way back towards the EU border. The table had been cleared of