Business

How much energy does Bitcoin actually consume?

According to the Cambridge Center for Alternative Finance, Bitcoin currently consumes around 110 terawatt-hours per year, accounting for 0.55 per cent of global electricity production and roughly equivalent to the annual energy draw of small countries like Malaysia or Sweden. This sounds like a lot of energy. But how much energy should a monetary system […]

Business

Death of chequebooks a blow to elderly as experts warn of consumer backlash

At 91, Ian Nelson, for the first time in his life, feels redundant. Thanks to banks ending cheques this month, one of the few things the retired church minister can still do to help around the house is being stripped from him. Nelson got his first chequebook at the age of 22, when he started […]

Business

Cruise lines say no change in sailing plans after new COVID-19 cases

(Reuters) – Royal Caribbean Group and Carnival Corp will push ahead with a return to cruises this summer despite two guests onboard a test run for Royal Caribbean’s Celebrity Millennium ship testing positive for COVID-19. A year after several cruise ships were host to major coronavirus outbreaks and with large numbers of Americans now vaccinated, […]

Business

British Restaurants Are Battling a Staff Crisis, Worsened by Brexit

A shortage of workers is forcing restaurants to turn away eager customers and confront a bigger problem: How to make hospitality an industry where people want to work. By Eshe Nelson LONDON — In the wealthy central London enclave of Belgravia, where a two-bedroom apartment is advertised for 1.7 million pounds, or $2.4 million, and […]

Business

Cruise lines say no change on sailing plans after new COVID-19 cases

FILE PHOTO: Royal Caribbean’s Quantum of the Seas cruise ship docks at Marina Bay Cruise Center after a passenger tested positive for coronavirus disease (COVID-19) during a cruise to nowhere, in Singapore, December 9, 2020. REUTERS/Edgar Su//File Photo(Reuters) – Royal Caribbean Group and Carnival Corp will push ahead with a return to cruises this summer […]

Business

Mastercard Forecast: B-t-s Retail Sales Rising 5.5 Percent

For the upcoming back-to-school season, Mastercard sees retail scoring pretty high grades. Mastercard Spending Pulse, which measures in-store and online retail sales across all forms of payment, is forecasting that 2021 b-t-s sales at U.S. retailers will rise 5.5 percent compared to the 2020 season, and 6.7 percent compared to the 2019 season. Mastercard defines […]

Business

Dollar hovers above 5-month low, FX volatility drops further ahead of ECB, U.S. inflation data

LONDON (Reuters) – The dollar hovered above a five-month low versus major peers on Thursday as investors looked to U.S. inflation data and a European Central Bank meeting later in the day, while an index of volatility among major currencies dropped to new lows.FILE PHOTO: U.S. dollar notes are seen on a desk at a […]

Business

Futures hold steady ahead of inflation data

(Reuters) – U.S. stock index futures traded in a tight range on Thursday as investors waited for inflation data for signs the Federal Reserve could start tightening monetary policy faster than expected.FILE PHOTO: Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building after the start of Thursday’s trading session in […]

Business

COVID-19: UK spending on travel and eating out hit post-pandemic high during half-term, data shows

Card spending on travel and eating out hit a new post-pandemic high during the half-term holiday while job adverts in the hospitality sector have surged, according to latest data. The figures were published by the Office for National Statistics (ONS) as part of a regular series of real-time indicators showing the impact of COVID-19 on […]

Business

European Influencer Marketing Agencies Join Forces

MILAN — Leading international influencer marketing agency Ykone, founded in Paris in 2008, has acquired a 51 percent majority stake in Milan-based digital communication agency MB New Media Agency, established by Matteo Baldi. Following the operation, Ykone’s Italian division and MB New Media Agency merged into a new agency, named Ykone Baldi, that employs 30 people […]