Category: fuel
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Nvidia AI Chip Partnership Adds Fuel to MediaTek’s Share Rally
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(Bloomberg) — Growing collaboration with Nvidia Corp. has fueled investor optimism about MediaTek Inc.’s artificial intelligence growth potential. to a new high, putting its shares on track to achieve their first record high in seven months. Most read from Bloomberg The stock rose to its highest level in June this…
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Time Lag In Global Liquidity To Fuel Bitcoin Growth – Details
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As 2025 begins, the cryptocurrency market is showing signs of recovering from the correction that occurred in late December, setting an optimistic tone for the year ahead. Bitcoin, the market leader, has shown remarkable resilience by maintaining strong support at $92,000 despite recent selling pressure. This stability has renewed investor…
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Time Lag In Global Liquidity To Fuel Bitcoin Growth – Details
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As 2025 begins, the cryptocurrency market is showing signs of recovering from the correction that occurred in late December, setting an optimistic tone for the year ahead. Bitcoin, the market leader, has shown remarkable resilience by maintaining strong support at $92,000 despite recent selling pressure. This stability has renewed investor…
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Fuel Ventures secures £20m Chinese investment round, strengthening UK-China tech ties
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Fuel Ventures, one of the UK’s leading venture capital funds, has announced the closing of a £20 million investment round backed by key Chinese investors, including Shijingshan Industrial Fund and Zhongguancun Development Group. The deal underscores the UK’s attractiveness as an emerging destination for Asian capital and paves the way…
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Unite union threatens legal action over cuts to pensioners’ winter fuel payments
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The union Unite has issued a stark warning to the UK Government over its controversial decision to cut winter fuel payments for millions of pensioners, threatening to pursue a judicial review if the policy is not reversed. The policy, initially announced in July and confirmed in the latest Budget, aims…
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How Sh175bn bond caused Sh7 increase in fuel prices
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The Sh7 per liter added to the fuel tax in July will be used to pay off Kenya’s inaugural Sh175 billion road bond, underscoring the country’s defiance amid the public uproar that greeted the sharp 38 percent increase. The Treasury has approved a request from the Kenya Roads Board (KRB)…
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How Sh175bn bond caused Sh7 increase in fuel prices
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The Sh7 per liter added to the fuel tax in July will be used to pay off Kenya’s inaugural Sh175 billion road bond, underscoring the country’s defiance amid the public uproar that greeted the sharp 38 percent increase. The Treasury has approved a request from the Kenya Roads Board (KRB)…
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Maersk Secures Green Ship Fuel in Supply Deal With China’s Longi
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Breadcrumb links BMN Business Shipping giant AP Moller-Maersk A/S has struck a long-term supply deal for clean biomethanol from a Chinese facility, the latest iteration in its search for low-emission marine fuels. Article writer: Bloomberg News Jack Whittles and Sarah Sjolin Posted on October 30, 2024 • 2 min read…
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Treasury eyes automation, fleet tracking in fuel cost cut push
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Government-owned vehicles will only be refueled using automated tag systems and will remain monitored through digital tracking devices in changes proposed by National Treasury aimed at reducing operating costs. The proposal will see the centralization and automation of fuel programs for all government fleets to reduce waste. “By tracking and…
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KRA to track motorists fuel use with eTIMS link
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The Kenya Revenue Authority (KRA) is linking its Electronic Tax Invoice Management System (eTIMS) to fuel stations to eliminate tax fraud and increase revenues by billions of shillings by monitoring motorists’ diesel and petrol consumption. This means that every purchase of petroleum products from a filling station from June will…
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KRA to track motorists fuel use with eTIMS link
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The Kenya Revenue Authority (KRA) is linking its Electronic Tax Invoice Management System (eTIMS) to fuel stations to eliminate tax fraud and increase revenues by billions of shillings by monitoring motorists’ diesel and petrol consumption. This means that every purchase of petroleum products from a filling station from June will…
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Fuel stations face sanctions over continued high prices
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The Ministry of Energy and Petroleum threatened to clamp down on fuel filling stations that continued to sell fuel at high prices, despite the price drop announced on Tuesday. Cabinet Secretary (CS) Opio Wandayi said some petrol stations are yet to reduce pump prices despite adjustments made by the Energy…
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China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
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(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of an additional share buyback program from the Chinese central bank. Most read from Bloomberg Stocks in China and Hong Kong extended gains after the People’s Bank of China said it had established a re-lending mechanism…
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Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?
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Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue higher if it crosses the $72.80 resistance area. Litecoin is showing positive signs from the $65 support area against the US Dollar. The price is now trading above the $70 level and the 100…
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Cardano Whales Move $6 Billion In One Day, Fuel For ADA Price To Reach $0.5?
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This article is also available in Spanish. In an interesting move, Cardano (ADA) rebounded by approx 4% in the past 24 hours, in what appears to be an uptick in activity among senior ADA holders. ADA price started the week on a bearish note and spent most of the week…
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Dogecoin Targets $0.11 As Short-Term Traders Fuel DOGE Price – Details
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This article is also available in Spanish. Dogecoin has now reached a critical demand level after rising 4% from local lows, sparking serious speculation in the market. The meme coin has attracted the attention of analysts and traders, with mixed opinions about its next move. Some believe that Dogecoin is…
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Dogecoin Targets $0.11 As Short-Term Traders Fuel DOGE Price – Details
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This article is also available in Spanish. Dogecoin has now reached a critical demand level after rising 4% from local lows, sparking serious speculation in the market. The meme coin has attracted the attention of analysts and traders, with mixed opinions about its next move. Some believe that Dogecoin is…
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Dogecoin Large Transactions On The Rise — Can This Fuel DOGE Price Recovery?
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Opeyemi is a skilled writer and enthusiast of the exciting and unique world of cryptocurrencies. Although the digital asset industry was not his first choice, he has remained quite drawn since he forayed into this space over the course of two years. Now, Opeyemi takes pride in creating unique pieces…
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Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
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Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…
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Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
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Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…