Bitcoin flirts with $100k as crypto industry rallies for Trump
Bitcoin has hit a series of record highs since President-elect Donald Trump's election victory as the crypto industry anticipates a major shift in federal policy. This week, the price of one Bitcoin approaches $100,000. Increased by more than 40% Trump has become the most pro-cryptocurrency president since his re-election, pledging to make the United States […]
Auto industry may lose 17 percent of profits due to Trump’s tariff plan: Report
In a worst-case scenario, U.S. and European automakers could lose up to 17% of their combined annual core profits if the U.S. imposes high tariffs on Mexico and Canada, two of the U.S.'s main allies. Yes, according to a report released by S&P Global on Friday. The report comes as President-elect Trump threatens to impose […]
UK could loosen EV rules to allow sales of Prius-style hybrids until 2035 | Automotive industry
Carmakers could be allowed to sell Toyota Prius hybrid models in the UK until 2035, as the government considers ways to ease rules on the sale of electric cars. Earlier this week, the government launched an emergency consultation to decide what types of electric cars carmakers can sell after a new ban on petrol and […]
US agriculture industry tests artificial intelligence
In the 1930s, there were approximately 6.8 million farms in the United States. The area averaged about 155 acres. Over the next few decades, the number of farms rapidly declined to about 1.9 million in 2023. Those farms grew to an average of about 464 acres. As agriculture changes over time, experts believe artificial intelligence […]
UK retail footfall dips again as Storm Bert and later Black Friday hit sales | Retail industry
The number of shoppers going out in the UK in November fell for the second consecutive month as late Black Friday discounts, Stormbart and weak consumer confidence led to weaker sales. Latest data from the British Retail Consortium (BRC) and Sensormatic shows shopping centers were the worst hit, but visitor numbers to high streets and […]
Haberman says Zuckerberg's Mar-a-Lago visit a signal industry may be courting Trump
National political correspondent Maggie Haberman said that Meta CEO Mark Zuckerberg's recent visit to President-elect Trump's Mar-a-Lago resort was a sign that the industry was taking office. He said this may be a sign that he was trying to build bridges with President Trump ahead of the ceremony, rather than the other way around. “It's […]
The Crypto Industry Is Helping Trump Pick SEC Chair – WIRED
In July, at a Bitcoin conference in Nashville, Tennessee, President Trump drew perhaps the loudest applause of the night when he promised to fire Gensler if he was re-elected. “I will appoint an SEC chairman who will build the future, not prevent it,” President Trump said. Last week, Gensler he announced that he would resign […]
Russian Gas Deals a Necessity for German Industry that Helped Placate Moscow
Former German Chancellor Angela Merkel has defended her gas deal with Russia, supported German companies and maintained peace with Moscow, laying out her strategy in her memoir. freedomreleased in 30 languages on Tuesday. Chancellor Merkel has vigorously defended her actions and her central role in European geopolitics because she is clearly too soft on Russia […]
Retail sales slide in Great Britain amid pre-budget uncertainty | Retail industry
UK retail sales fell for the first time in three months in October as consumers cut back on spending ahead of Labor's first budget in 14 years. The Office for National Statistics (ONS) announced that October sales fell 0.7% on the previous month, and revised down September's growth rate from 0.3% to just 0.1%. Clothing […]
Investors forced to pay for ‘undeserved’ bonuses at three water suppliers | Water industry
Investors in Thames Water, Yorkshire Water and Dul Cymru Welsh Water will be given executive bonuses after the water regulator ruled the sector had made “unwarranted” additional payments worth £6.8 million. will be forced to pay. Ofwat announced on Thursday that it had exercised new powers to make bonus payments to shareholders and bondholders of […]