Empire State index shows enthusiasm being evaporated
The New York Fed index for industry in the New York Region fell sharply in August, after a record score in July. This was revealed on Thursday by…
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In IT, Innovation and Startups
Kenes Rakishev established a SPAC to acquire tech startups
The newly created Oxus Acquisition Corp is a next step for Kenes Rakishev to acquire companies specialized in the red-hot area of energy transition, batteries and EV’s. Kenes…
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In IT, Innovation and Startups
Ralph Wessels criticises Bitcoin in a strangest way possible
Bitcoin is ‘unsuitable as a means of payment’ and should be seen as a highly speculative investment. This is what investment strategist Ralph Wessels said in front of…
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In IT, Innovation and Startups
Branson sells Galactic shares to save the rest of his business
British billionaire Richard Branson sells a package of shares of his aerospace company Virgin Galactic. With the money he collects, he wants to keep his business empire, which…
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Rapid spread of vaccine-proof Delta strain makes oil look bleak
The rapid spread of the coronavirus Delta variant and its impact on the global economy is leading to lower oil consumption this year than previously estimated. This was…
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Q2 GDP continues the growth, but hasn’t yet reached pre-virus era
The UK economy continued to grow in the second quarter of this year. This was shown on Thursday by an initial estimate by the Office for National Statistics.…
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Pound growth potential not yet fully developed
The pound sterling is at its highest point this year against the euro. What’s going on in the background? This morning, data from Barclaycard, a major British credit…
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