Money Matters
CargoLogicAir goes bankrupt, employees left without pay
The insolvent British company CargoLogicAir (CLA), a subsidiary of the Russian Volga Dnepr, leaves a staggering debt of around 6 million euros, as revealed by the latest bankruptcy…
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Bank of England mirrors Fed’s decisions on key rate
At this week’s meeting, the Bank of England decided to keep interest rates unchanged, emphasizing that the current monetary policy will remain restrictive for as long as necessary,…
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Morocco and Egypt, as the produce suppliers, are the main beneficiaries of Brexit
Following the UK’s exit from the EU in 2020, Egypt and Morocco have emerged as key beneficiaries in the UK fruit and vegetable market. Over the past five…
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Robinhood allows Europeans to buy and sell crypto via app
As Robinhood expands its cryptocurrency trading feature across the European Union, users now have the opportunity to engage in transactions involving a diverse array of 25 different cryptocurrencies.…
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Physical and ‘digital’ gold spiked on weaker dollar expectations
The price of gold reached an unprecedented peak, hitting $2,335 per troy ounce (31.1 grams) due to the weakening dollar. However, later in the day, it dipped below…
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MPs warn against swift adoption of digital pounds in retail
British lawmakers are calling for caution in the introduction of the digital pound in the retail sector. Members of the Treasury Select Committee have expressed reservations about the…
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The global dairy market grows exponentially: the World Dairy Map
In 2022, the United Kingdom emerged as the European Union’s primary dairy trade partner, holding a significant position on the World Dairy Map presented by Rabobank. Over the…
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