Swiss National Bank increases Annual Profit as Stock Markets Boom
The Swiss National Bank expects to make a profit of around 26 billion Swiss francs ($28.22 billion) for 2021, the central bank said in its provisional results on Friday, as booming stock markets throughout the year added billions to the value of its foreign currency investments. The SNB made a profi
China Switched on its Artificial Sun
China is on course to finish building an “artificial sun”. The structure will be capable of reaching 100 million degrees Celsius, six times hotter than the center of our Sun. Scientists hope that the “artificial sun” will help harness the power of nuclear fusion. This would b
BMW unveils a Car that changes Color at the Touch of a Button
BMW has debuted a concept vehicle called the iX Flow which uses electrophoretic technology to change color at the touch of a button. The SUV can also combine black and white in a kaleidoscope of graphics across the surface of the car’s body.
Bitcoin slumps to Lowest since September
Bitcoin slumped as much as 5% to its lowest since late September, tumbling under $41,000 amid a broader sell-off for cryptocurrencies. Bitcoin was last down 3.7% after touching $40,938, its lowest since Sept. 29. The world’s biggest cryptocurrency has lost over 40% since hitting a record high
Google hit with 150 M Euro French fine
France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’ Facebook was also fined 60 million euros for the same
Bitcoin slumps to Lowest since September
Bitcoin slumped as much as 5% to its lowest since late September, tumbling under $41,000 amid a broader sell-off for cryptocurrencies. Bitcoin was last down 3.7% after touching $40,938, its lowest since Sept. 29. The world’s biggest cryptocurrency has lost over 40% since hitting a record high
Shell pursues US $ 7 B Buyback “At Pace”
Royal Dutch Shell said it will pursue “at pace” a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell , the world’s largest trade
Toyota Dethrones GM as U.S. Sales Leader after nearly a Century on Top
Japanese automaker Toyota outsold General Motors in the U.S. in 2021, marking the first time the Detroit automaker has not led U.S. auto sales for a full year since 1931. Toyota sold 2.332 million vehicles in the United States in 2021, compared with 2.218 million for General Motors.
Expo 2020 Dubai reaches Halfway Point with nearly 9 Million Visits
Expo 2020 Dubai has now nearly 9 million visits since October where season passes generated almost half of all visits, with repeat attendees reaching 3.5 million.
European Reinsurance Rates Rise by 50% at Jan 2022 Renewals
Some European property reinsurance rates rose by more than 50% at Jan. 1 renewals after the region suffered record insured losses last year from natural catastrophes such as floods and storms. Flooding during July in Germany, Austria, Belgium and Switzerland caused over 12 billion euros ($13.55 bill