Pound rises as chancellor moves to calm markets

Image Source: Bloomberg Pound increased, and the cost of borrowing money from the government dropped. On Monday, investors cheered Chancellor Jeremy Hunt’s announcement that most mini-budget tax measures would be reversed. Compared to the dollar, the pound continued in an upward trajectory and was trading above $1.13 at the close of business yesterday. In addition, […]

EU moves to cut peak electricity use by 5%

Image Source: Bloomberg The President of the European Unioun (EU), Ursula von der Leyen has called for reductions in electricity use across the union and windfall taxation on energy companies to combat rising costs. After Russia’s invasion of Ukraine, she told the European Parliament, gas and power prices had reached record highs. She demanded that […]

EU moves to tame ‘Wild West’ crypto market

Image Source: Crypto Slate According to EU parliamentarians, the European Union has approved groundbreaking regulations for the industry as the price collapse of bitcoin increases pressure on policymakers to control the market. Cryptocurrency assets are generally uncontrolled globally, and national operators in the EU are merely needed to demonstrate safeguards to prevent money laundering. The […]