Archives

Highlights  The hospitality sector recorded early signs of recovery in sales after the emergence of the Omicron variant that affected the sector’s demand over the festive season. Ease in Plan B restrictions and working from office co...

• January 21, 2022 12:57 PM GMT
• Priya Bhandari

After making its debut in July 2020, the League of Kingdoms (LOKA) crypto has been grabbing the eyeballs of many within the blockchain network. LOKA primarily aims to develop a decentralized gaming metaverse, which many believe is the fast-growing ...

• January 21, 2022 10:43 AM GMT
• Manu Shankar

Highlights Britishvolt received backing from the UK government for building a large-scale battery plant in northern England which is expected to help boost EV production in the UK. Some other investors include Tritax and abrdn PLC, which helped...

• January 21, 2022 10:21 AM GMT
• Suhita Poddar

Highlights The consumer confidence in the UK deteriorated in January 2022 as people became more pessimistic, as indicated by the GfK Consumer Confidence index. The latest reading was the lowest since February 2021, mainly due to rising inflatio...

• January 21, 2022 10:04 AM GMT
• Sreenivas D Ajankar

Intensifying its stance against cryptocurrencies, Russia's central bank called for a blanket ban and dubbed them volatile. The Central Bank of Russia reportedly said that digital assets are used in illegal activities and threaten the country's fin...

• January 21, 2022 04:37 AM EST
• Raza Naqvi

Inflation in the UK has touched record high levels recently. Breaching the Bank of England’s 2% target with a heavy margin, the inflation level is expected to reach 6% by the spring of 2022. To counter the impact of soaring inflation, BoE is ...

• January 21, 2022 09:24 AM GMT
• Rishika Raina

Highlights  SUKU claims to have three verticals -- DeFi, Metaverse, and digital marketing (omni) SUKU crypto is rising at a time when biggies like BTC and Ether are losing value Altcoins performed well last year, but volatility ails both ...

• January 21, 2022 08:20 AM GMT
• Ankit Sethi

Highlights  The Financial services group reported increase in retirement income sales by 25% to £2.7 billion in FY2021. The group added that the organic capital generation for 2021 is expected to more than double compared to FY2020. ...

• January 21, 2022 07:42 AM GMT
• Priya Bhandari

Highlights  Energy UK’s CEO, Emma Pinchbeck, said that energy bills could likely increase further in October, following an expected price hike of around 50 per cent in April this year. Pinchbeck said the Oct price rise could happen i...

• January 21, 2022 07:27 AM GMT
• Suhita Poddar

Highlights  The global insurance sector is forecasted to reach record levels of premiums amounting to over US$ 7 trillion earlier than previously estimated. The sector is set to achieve this level by mid-2022, compared to an earlier projec...

• January 21, 2022 07:25 AM GMT
• Suhita Poddar

Highlights SundaeSwap, a DeFi protocol, has now launched on Cardano network Reports suggest a little congestion and errors experienced by users of the SundaeSwap DEX ADA price movement would also rely on how SundaeSwap performs in the coming d...

• January 21, 2022 07:25 AM GMT
• Ankit Sethi

Highlights Cryptoland would be developed on an island to enable enthusiasts to live and work together The project has NFT and metaverse underpinning, which might pique interest Cryptoland does not have a native token as of now, and its NFTs ma...

• January 21, 2022 06:36 AM GMT
• Ankit Sethi

Highlights Twitter comes up with a new feature, allowing its users to display their NFTs as their profile pictures. New NFT avatars would appear in a hexagonal border instead of a circle. At present, the service is extended to Twitter Blue sub...

• January 21, 2022 05:29 AM GMT
• Jasmine Anand

Highlights The Fed may hike rates soon, and investors may be trimming their bets on riskier assets Russia may become another major economy to ban cryptos if its central bank’s proposals are accepted A few metaverse tokens have defied the...

• January 21, 2022 05:16 AM GMT
• Ankit Sethi

US stocks closed in a sea of red on Thursday, January 20, as investors paused their bullish bets amid mixed signals from the economy. The S&P 500 fell 1.10% to 4,482.73. The Dow Jones declined 0.89% to 34,715.39. The NASDAQ Composite was down 1....

• January 20, 2022 02:31 PM PST
• Versha Jain

UK Market: The UK stock market showed a mixed trend with the blue-chip FTSE 100 index down by 0.16%, while the mid-cap focused FTSE 250 index up by 0.11%. FTSE100 listed oil & gas stocks like Royal Dutch Shell Plc (-2.44%), and BP Plc (-1.95%) ha...

• January 20, 2022 04:11 PM GMT
• Sreenivas D Ajankar

Highlights Badger DAO is a decentralized autonomous organization, which primarily aims to build dedicated products to simplify the use of Bitcoins. Powered by the Ethereum blockchain network, Badger DAO is driven by two main products SETT ...

• January 20, 2022 02:49 PM GMT
• Manu Shankar