BITCOIN APPEARS TO CRASH 87% IN A FLASH ON BINANCE’S US VENUE

The plunge occurred at 7:34 a.m. New York time, according to Binance’s website The price of Bitcoin appeared to rapidly — and only temporarily — plunge about 87% on Binance’s U.S. exchange Thursday morning, sinking to as low as $8,200 from around $65,000. The price did nothing like that on other venues, and on Binance the level almost immediately snapped…

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Norway raises interest rates, says another hike likely in December

Norway’s central bank raised its benchmark interest rate on Thursday and said it expects to hike again in December, as it joins a short but growing list of nations moving away from emergency-level borrowing costs. Norges Bank’s monetary policy committee raised the sight deposit rate to 0.25% from a record low of zero, as forecast unanimously in a Reuters poll…

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UK MANUFACTURERS TO GET BIG CONCESSION ON POST-BREXIT QUALITY MARK

The UK government is to grant a major concession to British business by prolonging the deadline for companies to adopt a new “UKCA” safety and quality mark for their goods after Brexit. The one-year extension for UK products to continue using the EU’s “CE” safety mark came after businesses warned that they would not be ready for the planned post-Brexit…

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Denmark Is Listed As The Best Country For Business

Denmark, the Scandinavian country squished between Germany and Sweden, is ranked the easiest place to do business in the world, according to the recently published Global Business Complexity Index 2021. The report explains: “In Denmark, you can incorporate a company within a day,due to the fact that there is one single entry point for all registrations, and all necessary bodies…

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Eyeing IPO, Volvo cars posts record results, top pre-pandemic levels

STOCKHOLM, July 23 – Volvo Cars reported a return to profit in the first half as demand for electric cars pushed earnings above pre-pandemic levels, putting the carmaker on a firmer footing as it considers a possible IPO this year. Sweden-based Volvo, owned by China’s Geely Holding (GEELY.UL), said on Friday it made a first-half profit of 13.24 billion Swedish…

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Finland to end state of emergency as COVID-19 cases drop & will finance post-Covid stimulus with debt

Finland should end its COVID-19 state of emergency as infection rates decline, Prime Minister Sanna Marin said on Tuesday, adding that the issue would go before parliament. “We see that the conditions no longer call for the emergency powers legislation,” Marin said. On April 9, Marin had presented a plan to relax restrictions in the run-up to the summer. The state…

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Reports say that Huawei will launch test satellites for 6G technology verification in July

5G technology has now gone mainstream when it comes to offering support on consumer electronics like smartphones, although the deployment of 5G infrastructure is still limited to developed countries online while developing nations are working towards it. As 5G communication technology has reached the milestone, companies have now started working on the next-generation technology — 6G. One of the leaders…

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STUDY SHOWS THAT GLOBAL TOURISTS ARE EXPOSED TO A GREATER BURDEN OF MULTI DRUG-RESISTANT BACTERIA

Travelers can pick up the bacteria even during short visits and further spread the strains after returning home. International travellers are particularly vulnerable to virulent strains of drug-resistant bacteria – often picking up several different types during a trip through spending time in the company of other tourists, a new study has revealed. The global spread of intestinal multidrug resistant…

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AS 2021 BEGINS, EUROPE’S HOTEL CONSTRUCTION PIPELINE STANDS AT 1,905 PROJECTS WITH 307,093 ROOMS

According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the close of 2020, Europe’s hotel construction pipeline increased 2% by projects and 3% by rooms year-over-year (YOY) to end the fourth quarter with 1,905 projects and 307,093 rooms, a record high project and room count for the region. Europe’s…

View More AS 2021 BEGINS, EUROPE’S HOTEL CONSTRUCTION PIPELINE STANDS AT 1,905 PROJECTS WITH 307,093 ROOMS

CHINA OUTSPENDS REST OF THE WORLD ON 5G INFRASTRUCTURE BY 2 IS TO 1 RATIO

When Beijing sets its mind to building new infrastructure, there’s very little that can stop it. That’s the message coming from a top telecom official who was talking up China’s fast-growing 5G network at a major industry event taking place this week in Shanghai. The nation now has more than 718,000 base stations for the cutting-edge communications technology, covering all…

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