Category: industry
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As data center industry booms, an English village becomes a battleground
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Breadcrumb links PMN BMN Business Article writer: Associated Press Kelvin Chan Published on November 02, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content ABBOTS LANGLEY, England (AP) — Originally built to store peasant…
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Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader
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Frustrated Amazon employees have opened another front in their fight against the company’s return-to-the-office mandate. On Wednesday, 523 employees in Amazon’s Web Services division sent its CEO, Matt Jarman, an open letter detailing their frustration with the new policy. “Our time spent working remotely during the height of the COVID-19…
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UK car finance industry faces major disruption as lenders halt deals over commission ruling
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Following a landmark Court of Appeal ruling, the UK car finance industry is facing major disruption as major lenders temporarily suspend new finance deals. The unexpected decision has placed lenders under greater liability for not disclosing commission payments, leading to urgent consultations with regulators and ministers to find a quick…
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Will Japan Launch Bitcoin And Ethereum Crypto ETFs? Key Industry Group Pushes for Approval
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In a recent move to boost the growth of cryptocurrency investment products in Japan, a coalition of Japanese companies has done so Recommended Any upcoming ETFs in the region should focus on Bitcoin (BTC) and Ethereum (ETH). This recommendation comes as Japan debates whether to follow the United States and…
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UK nightclubs face extinction as 10 venues close per month, industry warns
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The UK’s popular nightclub scene is on the verge of collapse, with an alarming rate of 10 nightclubs closing every month, according to new research by the Night-time Industries Association (NTIA). The report warns that unless the government intervenes, the UK could see “the end of the era of generation-defining…
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Reeves considers ending salary sacrifice tax breaks for electric vehicles, sparking industry backlash
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Chancellor Rachel Reeves is reportedly considering scrapping tax breaks for salary sacrifice schemes used by tens of thousands of drivers to rent electric cars. The move is likely to deal a major blow to the UK’s march towards widespread electric vehicle adoption. The Treasury is reviewing whether to scrap or…
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Reeves considers ending salary sacrifice tax breaks for electric vehicles, sparking industry backlash
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Chancellor Rachel Reeves is reportedly considering scrapping tax breaks for salary sacrifice schemes used by tens of thousands of drivers to rent electric cars. The move is likely to deal a major blow to the UK’s march towards widespread electric vehicle adoption. The Treasury is reviewing whether to scrap or…
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Crypto Industry May Benefit from Kamala Harris Being ‘More Supportive’ Than Joe Biden – Details
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The US cryptocurrency industry may see more support under Kamala Harris’ leadership than the current Joe Biden administration. Harris is more supportive than Biden, and Trump is “undoubtedly” more favorable Alex Thorn, Head of Research at Galaxy Research, recently shared a detailed policy Scorecard On Thorne noted that while a…
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Crypto Industry May Benefit from Kamala Harris Being ‘More Supportive’ Than Joe Biden – Details
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The US cryptocurrency industry may see more support under Kamala Harris’ leadership than the current Joe Biden administration. Harris is more supportive than Biden, and Trump is “undoubtedly” more favorable Alex Thorn, Head of Research at Galaxy Research, recently shared a detailed policy Scorecard On Thorne noted that while a…
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Trump Pushes Tax Break on Car Loans as He Courts Auto Industry
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Breadcrumb links BMN Business Donald Trump has vowed to boost the US auto industry by making interest on auto loans fully tax-deductible and renegotiating a trade deal with Mexico and Canada as he seeks to court business and labor leaders in the swing state of Michigan. Article writer: Bloomberg News…
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Motor Industry calls for VAT cut on electric cars and charging points to boost EV market
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The car industry is calling on the UK government to cut VAT on new electric cars and public charging points in a bid to counter the slowdown in the electric car market. The Society of Motor Manufacturers and Traders (SMMT) has written an open letter to the Chancellor, urging a…
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IATI-RISE report warns on dangers to Israel’s tech industry
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How badly has Israel’s tech industry been damaged by war over the past year? It depends on who you ask. This morning Israel Advanced Technology Industries (IATI), which also represents foreign investors and Israeli development centers for American companies, in cooperation with the RISE Institute for Policy and Research in…
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Crypto All-Stars presale approaches $2M, attracts industry attention
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. The Crypto All-Stars pre-sale is approaching $2 million, enabling users to stake memecoins for passive rewards. Industry leaders are taking notice. the Cryptocurrency Stars (STARS) The presale is approaching…
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Crypto All-Stars presale approaches $2M, attracts industry attention
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. The Crypto All-Stars pre-sale is approaching $2 million, enabling users to stake memecoins for passive rewards. Industry leaders are taking notice. the Cryptocurrency Stars (STARS) The presale is approaching…
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US Steel Industry Sees Economy Reviving Demand in 2025
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Breadcrumbs Path Links PMN Business U.S. steel industry executives say they are optimistic that demand for the industrial material will rebound next year, recovering from weak demand and low prices that hobbled the industry in 2024. Article author: Bloomberg News Sana Pashankar Published on August 31, 2024 • Read for…
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Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum
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Ledn, a leading digital lending platform, has officially secured a $50 million bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group with approximately $4.5 billion in client assets, according to a press release sent to Bitcoin Magazine. Leiden and @Signum Official He just made history! ? Sygnum Bank…
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Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum
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Ledn, a leading digital lending platform, has officially secured a $50 million bitcoin-backed syndicated loan from Sygnum, a Swiss digital asset banking group with approximately $4.5 billion in client assets, according to a press release sent to Bitcoin Magazine. Leiden and @Signum Official He just made history! ? Sygnum Bank…
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Fertilizer Canada says rail stoppage to cost industry up to C$63 million a day By Reuters
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(Corrects currency to Canadian dollars from US dollars in title and paragraph 1) Written by Merinalika Roy Canadian Fertilizers warned Tuesday that disruptions affecting all rail services across the country will cost the fertilizer industry an estimated C$55 million (US$40.34 million) to C$63 million (US$46.21 million) in lost sales revenue,…
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‘Crypto For Harris’ Fails To Rally Industry Behind ‘Reset’
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In an attempt to “reset” the relationship between Vice President Kamala Harris and the crypto industry, the “Crypto For Harris” campaign held a virtual town hall attended by a number of prominent Democrats and tech influencers. Despite these efforts, the event, which was designed to clarify and promote Harris’s “crypto…
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‘Crypto For Harris’ Fails To Rally Industry Behind ‘Reset’
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In an attempt to “reset” the relationship between Vice President Kamala Harris and the crypto industry, the “Crypto For Harris” campaign held a virtual town hall attended by a number of prominent Democrats and tech influencers. Despite these efforts, the event, which was designed to clarify and promote Harris’s “crypto…