Category: demand
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CME Group Plans To Launch Bitcoin Spot Trading, Targeting Wall Street Demand
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According to the Financial TimesThe Chicago Mercantile Exchange (CME) Group, the world’s largest futures exchange, is reportedly in discussions to introduce spot trading for Bitcoin (BTC). The move aims to capitalize on growing demand among Wall Street money managers seeking exposure to the cryptocurrency sector. The move represents an important…
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New U.S. rules aim to boost renewables, meet surging electricity demand (NYSEARCA:XLU)
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Gargolas/iStock via Getty Images Federal Energy Regulatory Commission Two new rules were approved Monday’s move is expected to make it easier to expand construction of large power lines and bring more renewable energy to American homes and businesses. One rule will require companies that produce and transmit electricity to weigh…
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Oil extends fall on signs of weak fuel demand, strong dollar By Reuters
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Written by Florence Tan SINGAPORE (Reuters) – Oil prices continued to decline on Monday amid signs of weak demand for fuel and at a time when statements by Federal Reserve officials (the US central bank) weakened hopes for lowering interest rates, which could lead to slowing growth and reducing demand.…
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BA owner IAG boosts staff by 1,700 to meet summer demand surge
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British Airways has created 1,700 jobs as it prepares for a summer boom that will allow its parent company IAG to match last year’s big operating profit of €3.5 billion. British Airways’ recruitment drive includes cabin crew and technology specialists to boost the airline’s digital services. The move follows a…
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Royal Caribbean to hire thousands to keep up with record cruise demand – report
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Solar737/iStock Editorial via Getty Images Royal Caribbean (New York Stock Exchange: RCLThe company is in talks with tourism boards and port operators around the world to hire thousands of people as it faces record demand for cruises, Reuters reported. The cruise operator plans to hire about 10,000 workers this year…
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Car Industry Urges UK Government Action to Boost Waning Electric Vehicle Demand
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Carmakers are sounding the alarm about slowing demand for electric cars among private buyers in the UK, leading to urgent calls for government intervention to reignite interest in battery-powered cars. Although overall UK vehicle registrations increased by 1% year-on-year to 134,000 in April, driven by fleet sales, sales to private…
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Weak diesel market adds to concerns about global oil demand (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended little changed on Thursday, as a surprisingly large build in US inventories that raised concerns about demand and a potential ceasefire in the Middle East hampered any potential recovery from yesterday’s sharp losses. Dip in Global demand for diesel is also…
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Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents
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In a legal saga that has captured international attention, a Nigerian court has postponed the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the stock exchange informed the court that he had not been served. With…
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DEMAND Pool’s CEO Says The Time To Decentralize Bitcoin Mining Is Now
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Company Name: Requests Founders: Alejandro de la Torre and Filippo Merli Date of Establishment: 2023 Headquarters location: Lisbon, Portugal and Florence, Italy Amount of Bitcoin in the treasury: “Currently being booted” Number of Employees: 2 website: https://www.dmnd.work/ Public or private? private Alejandro de la Torre is deeply concerned that Bitcoin…