Category: crunch
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‘Minority Report’ tech start-up faces debt crunch after taking millions from taxpayer
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Ultraleap hand tracking technology And Bristol Start developing hand tracking technology Similar to what we saw in Tom Cruise’s sci-fi movie, Minority Report is facing a debt crisis after taking millions in taxpayer funding. Ultraleap, which has received funding from British Patient Capital, is seeking a fresh cash injection and…
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Will BTC Gain From Supply Crunch?
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This article is also available in Spanish. According to data from CryptoQuant, Bitcoin (BTC) reserves on cryptocurrency exchanges have fallen to their lowest level in several years. This decline coincides with the ongoing bull market, which has pushed the price of the digital asset closer to the $100,000 mark. This…
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Tourism revenue drops in Greece despite sharp summer tourism crunch
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Bank of Greece data showed on Monday that revenues from Greece’s leading tourism industry have failed to keep pace with arrival numbers, even during the annual summer crisis that has raised fears of overtourism. The bank said the number of non-resident arrivals to Greece in the January-August period increased by…
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Exclusive-Maldives picks Centerview as debt adviser amid financing crunch By Reuters
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Written by Karen Strohecker LONDON (Reuters) – The Maldives has chosen U.S.-based Centerview Partners as its debt adviser as the country struggles to avert a financial crisis, two sources familiar with the situation said. Fears have grown in recent months that the island nation could become the first country to…
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Asia stocks on tenterhooks as Fed faces crunch time By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asian shares opened cautiously on Monday in a week that is almost certain to see the start of a U.S. easing cycle, with the only question mark being the size of the cuts as markets were divided over the likelihood of a major move.…
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Banks tap Sh4trn in CBK support on cash crunch
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Commercial banks have increased their reliance on the Central Bank of Kenya for liquidity support this year as the sector pays the price of low government payments and high interest rates that have made it costly to mobilize deposits from customers. Lenders have withdrawn a cumulative Sh4 trillion from the…