The UK’s household energy price cap is expected to drop by more than £1,200 in July following a sharp fall in wholesale gas and electricity prices, a move that will bring relief to the government as it tackles the cost of living crisis. The final estimate from investment bank Investec for the price cap in
The author is English managing editor at OVD-Info, a group monitoring human rights in Russia More than a year into the full-scale invasion of Ukraine, my western friends often ask me: why don’t Russians protest? The answer is that some do — but protest is largely futile in the face of a decade-long Kremlin crackdown.
Germany’s Dax index rose to a record intraday high on Friday as growing investor confidence in corporate earnings made it Europe’s second-best-performing main equity market this year. The index, a measure of Germany’s 40 biggest listed companies, added 0.9 per cent to more than 16,320, surpassing its previous high of 16,290 set in November 2021.
Bitcoin (BTC) nudged $27,000 after the May 19 Wall Street open as the Chair of the United States Federal Reserve delivered comments on policy. BTC price volatility returns as Powell speaks Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it attempted to reclaim the focal level in its short-term trading range. All eyes
They say the kitchen is the heart of the home, but that heart may be moving outside, according to a recent survey of top real estate agents worldwide. A recent Luxury Agent Poll conducted by Forbes Global Properties revealed that the single-most sought-after home amenity in 2023 is an outdoor kitchen. The continued outdoor migration
Palm Springs is one of the best destinations for interior design and architecture lovers to visit. The city has true character and a rich history with beautifully designed homes and hotels. It almost feels like stepping into a time machine. Many of the properties have a retro-inspired yet authentic vibe, especially the Fleur Noire Hotel.
Terri Velasquez is ending her term as president of the Government Finance Officers Association with a full year of accomplishments. Representing the city of Aurora, Colorado the 20-year GFOA veteran brought a toolkit full of policy innovation and technology solutions to a grateful organization. Velasquez came into the presidency with a complete set of goals, some
Tesco’s chair, John Allan, is to step down next month after eight years in the role, following allegations about his behaviour towards women that risked “becoming a distraction” to the UK’s largest supermarket chain. Allan, also a former president of the CBI business lobby group, denies three separate allegations of inappropriate conduct. He has “unreservedly”
Whenever any real estate changes hands or gets refinanced, the closing typically happens through some form of third-party escrow. The seller signs the transfer or mortgage documents and gives them to a trusted third party, the “escrowee.” The buyer or new lender gives the escrowee some money. The escrowee then makes sure the closing conditions
When the histories of the war in Ukraine are written, it seems a fair bet that the African mediating mission announced by South Africa’s president Cyril Ramaphosa this week will struggle to make a footnote. Would-be mediators are two-a-penny these days, and anyway South Africa has marked its card as being rather too cosy with
James Gorman plans to step down as chief executive of Morgan Stanley within the next year after more than a decade at the top of the Wall Street bank he turned into a wealth management juggernaut. Gorman, 64, told the bank’s annual shareholder meeting on Friday that the “specific timing of the CEO transition has
Luxury fashion items sit on display beside tablet devices at the launch of the Farfetch “Store of the Future” pop-up exhibition, at the Design Museum in London, U.K., on Wednesday, April 12, 2017. Luke MacGregor | Bloomberg | Getty Images Check out the companies making headlines before the bell. Foot Locker — Shares tumbled more
The writer is director of British Future, a think-tank. His new book is ‘How to Be a Patriot’ There is a simplistic populist narrative about high immigration — a story of betrayal. The claim is that political and economic elites ignore the persistent public demand for lower immigration. But changing attitudes towards immigration make that story ever
In this episode of Hashing It Out, recorded on the eve of Bitcoin 2023 in Miami, Cointelegraph’s Elisha Owusu Akyaw spoke to Cointelegraph journalist Joe Hall about what it means to be a Bitcoin (BTC) supporter and the current state of the Bitcoin network. The discussion ranged from Bitcoin maximalism and living on the Bitcoin standard,
Lunch doesn’t usually happen at 11am, but MIT economics professor Daron Acemoglu is an efficient man. We are meeting early and close to his office in Cambridge, Massachusetts, so that he can jet off immediately afterwards to record a podcast to discuss his new book. Our venue, a Hunan restaurant called Sumiao, is something rare
Bitcoin (BTC) stares at potential losses heading into the third-quarter of 2023 after U.S. lawmakers will likely reach an agreement on raising the debt ceiling. A $1 trillion liquidity hole ahead Raising the debt ceiling means the U.S. Treasury could issue new bonds to raise cash to meet its previous obligations. As a result, the
It is an empirical fact that the United States dollar is continuing to lose its dominant role as the global reserve currency, but what might happen to the stablecoin market should it be superseded? According to data from the International Monetary Fund, the U.S. dollar now accounts for just over 58% of global foreign exchange
In today’s post-pandemic world, brick-and-mortar retail has surprisingly made an incredible comeback. At one point, as consumers stayed home and shopped online, the future of physical stores was called into question. Yet now many retailers are welcoming in customers who seek an experience or the chance to see and touch merchandise before making a purchase.
Bitcoin (BTC) traded back below $27,000 on May 19 as analysis flagged large-volume trades pressuring price. Inflation specter haunts crypto markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,380 on Bitstamp. A modest recovery then took the pair to a range familiar from several days prior, this still in focus
European stocks rose on Friday, pushing Germany’s Dax close to a record high, as investors awaited speeches by central bankers later in the day for clues on the future direction of interest rates. The benchmark index in Frankfurt gained 0.3 per cent in early trade, putting it less than 100 points off the 16,290 high
G7 leaders have called for the formulation of “guardrails” around the development of artificial intelligence, at a summit of the grouping that is tackling the emerging technology for the first time. Rapid advancements in AI in recent months have sparked calls for greater oversight of its myriad applications, but there is little concrete agreement between