Economy

Cryptoverse: Bitcoin miners get stuck in a bear pit

Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the town with a surefire path to profit: hook powerful computers up to cheap power, crack fiendishly complex maths puzzles and then sell newly minted coins on the booming market. A year's a long time in crypto. Global revenue ...

11:00 Et September 27, 2022

Employment: Morocco, Oman Discuss Means to Promote Cooperation

Morocco's Minister of Economic Inclusion, Small Business, Employment and Skills, Younes Sekkouri, discussed last Wednesday in Cairo, with the Omani Minister of Labour, Mahad bin Saeed Baouin, the ...

15:00 Et September 24, 2022

Toyota's October vehicle output to be weighed down by chip shortage

Toyota Motor Corp said on Thursday it plans to produce about 800,000 vehicles worldwide in October, about 100,000 short of its average monthly production plan, due to semiconductor shortages. ...

11:37 Et September 22, 2022

European Car Market Returns to Growth After 13-Month Slump

The European passenger car market returned to growth in August, ending 13 straight months of decline, an industry group said on Friday. While passenger car registrations in the ...

11:29 Et September 16, 2022

Credit Suisse looking at cutting around 5,000 jobs -source

Credit Suisse is considering cutting around 5,000 jobs, about one position in 10, as part of a cost reduction drive at Switzerland's second-biggest bank, a source with direct ...

11:01 Et September 2, 2022

Toyota triples planned investment to $3.8 billion in U.S. battery plant

Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric ...

11:44 Et August 31, 2022

Spain's inflation unexpectedly eases to 10.4% in August

Spain's annual consumer inflation rate unexpectedly fell to 10.4% in August from the 38-year high of 10.8% in July, thanks to lower fuel prices, preliminary data showed on ...

11:59 Et August 30, 2022

Hyundai supplier accused of child labor violations by U.S. authorities

The U.S. Department of Labor on Monday accused a Korean-owned auto parts maker and supplier of Hyundai Motor Co of violating federal child labor laws at an Alabama ...

11:32 Et August 23, 2022

Saudi Aramco profit soars on higher prices and refining margins

State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins. Aramco joins oil majors such as Exxon Mobil Corp and BP that have reported strong or record breaking results in recent weeks after Western sanctions against major exporter Russia squeezed ...

11:52 Et August 14, 2022

Spanish FM: we verify if Algeria complies with unblocking of banking operations

Spanish foreign affairs minister, Jose Manuel Albares, said on Thursday, that Spain’s government verifies “on the ground” if Algeria complies with the unblocking of banking operations. According to ...

10:45 Et August 12, 2022
Sun 15:00
broken clouds
19.33
°
C
Mon
18.14
mostlycloudy
Tue
15.95
mostlycloudy
Wed
16.45
mostlycloudy
Thu
15.25
mostlycloudy
Fri
14.86
mostlycloudy