Bitcoin broke through the $125,000 mark for the first time on Sunday, extending a powerful rally that analysts say could continue into the end of the year. The world’s largest cryptocurrency jumped 3 per cent in Asian trading to reach $125,245, propelled by institutional inflows, a
TokenFi, a leading tokenization platform, has announced a three-month partnership with financial news brand New to The Street. The partnership aims to increase the platform’s visibility by combining televised interviews, commercials, and prominent billboard coverage in New York City as part of a national campaign.Through
Last Updated on: Valour, a leading digital asset issuer, has announced the launch of the first exchange-traded product (ETP) tied to the Floki token, marking the cryptocurrency’s debut on a regulated European market. The product, Valour Floki SEK, is listed on the Spotlight Stock Market
The chief executive of Entain, the FTSE 100 owner of Ladbrokes and Coral, has warned the government that higher gambling taxes in next month’s Budget could lead to widespread betting shop closures and a sharp reduction in UK investment. In her first interview since taking the
Exploring new frontiers of recyclingIn the coming decades, city streets worldwide are expected to be dominated by fleets of electric vehicles, widely regarded as central drivers of the global energy transition. To enable the widespread adoption of these new-generation vehicles, specific components are required –
Sir Jim Ratcliffe’s chemicals empire, Ineos, has introduced a company-wide hiring freeze as it prioritises debt reduction following years of rapid expansion and weakening market conditions. The British-founded group confirmed a “general recruitment freeze” while tightening capital spending after acquiring assets worth around €2.7 billion across
A VENDOR sells dried fish at a market in Manila. A BusinessWorld poll conducted last week showed 10 of 16 analysts expect the Monetary Board to pause monetary easing at its Oct. 9 meeting. — PHILIPPINE STAR/EDD GUMBANBy Katherine K. ChanTHE BANGKO SENTRAL ng Pilipinas
OFFICE and condominium buildings are seen in this file photo, Dec. 17, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMANBy Beatriz Marie D. Cruz, ReporterA WIDENING corruption scandal involving Philippine government officials and public works contractors threatens to cool demand for luxury real estate projects, according to
BW FILE PHOTOTHE NATIONAL GOVERNMENT’S (NG) debt service bill soared in August as amortization and interest payments surged, the Bureau of the Treasury (BTr) reported.The latest data from the Treasury showed that the debt service bill more than tripled (256.96%) to P664.72 billion in August
PHILIPPINE STAR/MIGUEL DE GUZMANLOCAL ECONOMISTS kept their growth forecasts for the Philippines unchanged for now, even as a widening corruption scandal weighs on investor sentiment.“We’re keeping an eye on governance issues like corruption because they can affect investor confidence and, ultimately, growth,” Ruben Carlo O.
Quezon City further strengthened its role as a leader in local startup ecosystem development, as Mayor Joy Belmonte and the Startup QC Program Committee announced the nine innovative startups for this year’s Cohort 4.Following a rigorous evaluation process held on Aug. 15, the committee carefully
PHILIPPINE STAR/JESSE BUSTOSBy Sheldeen Joy Talavera, ReporterTHE DEPARTMENT OF ENERGY (DoE) has cleared Manila Electric Co. (Meralco) to proceed with the bidding for 200 megawatts (MW) of renewable baseload power.Speaking to reporters last week, Energy Undersecretary Mario C. Marasigan said the department had issued a
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