Business

Analysis: Amid wild swings, some Hungarians are losing faith in forint

The Hungarian forint’s slide following Russia’s invasion of Ukraine is leading some Hungarians to embrace the euro instead of the local currency, which has lost more than half of its value since Prime Minister Viktor Orban took power in 2010. Like fellow European Union members Poland, Czech Republic or Romania, Hungary is nowhere near adopting […]

Business

UK businesses expect zero growth over next 3 months, survey shows

British businesses do not expect any growth over the next three months, as a surging cost of living squeezes consumer demand, a monthly survey showed on Sunday. The Confederation of British Industry (CBI) said members reported above-average growth in the three months to the end of July – slightly faster than in the three months […]

Business

Bitcoin rises 3.4% to $24,584; up 39.7% from year low in June

Bitcoin rose 3.36% to $24,584.24 at 1707 GMT on Saturday, adding $798.93 to its previous close. Bitcoin, the world’s biggest, best-known cryptocurrency, is up 39.7% from the year’s low of $17,592.78, hit on June 18. Ether , the coin linked to the ethereum blockchain network, rose 0.61 % to $1,734.08 on Saturday, adding $10.46 to […]

Business

As import costs leap, Hungary to allow corporate tax payments in euros or dollars

Hungary will allow companies to pay their taxes in euros or dollars, the government announced on Saturday, a move which analysts said could boost the country’s reserves at a time its hard currency needs have soared. Like other central European countries such as Poland, Czech Republic or Romania, Hungary is nowhere near adopting the euro, […]

Business

Shadow-banking risks in China curbed significantly, regulator says

The assets and risks of China’s “shadow” banking sector have declined significantly through continuous regulation, the state-run Securities Times on Saturday quoted a top regulator as saying. The sector has reduced by more than 29 trillion yuan ($4.3 trillion) as of the end of June from its historical high, Liang Tao, vice chairman of China […]

Business

U.S. approves Boeing inspection, rework plan to resume 787 deliveries

The U.S. Federal Aviation Administration (FAA) on Friday approved Boeing’s (BA.N) inspection and modification plan to resume deliveries of 787 Dreamliners, two people briefed on the matter told Reuters. The FAA approved Boeing’s proposal that requires specific inspections to verify the condition of the airplane meets requirements and that all work has been completed, a […]

Business

Conspiracy website InfoWars parent files for bankruptcy

The parent of far-right conspiracy website InfoWars filed for U.S. bankruptcy protection on Friday as the company and its founder Alex Jones face up to $150 million in damages in a trial over longstanding falsehoods he perpetuated about the Sandy Hook elementary school massacre. The bankruptcy filing by the InfoWars parent, Free Speech Systems LLC, […]