In this article XRP.CM= ETH.CM= BTC.CB= Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor | Bloomberg | Getty Images Bitcoin cratered on Thursday as a major stock sell-off in the U.S. spooked the cryptocurrency market. Bitcoin was
Month: May 2022
An electric Amazon delivery van from Rivian cruises down the street with the Hollywood sign in the background. Amazon The tech sell-off of 2022 accelerated in the past couple weeks, with first-quarter earnings reports highlighting challenges like inflation, supply chain shortages and the war in Ukraine. For some tech leaders, the market swoon has created
All eyes are on Sinn Fein as counting takes place in the Northern Ireland Assembly election. For the first time ever, an Irish nationalist party could emerge as the largest at Stormont. For a century, one of the pro-British Unionist parties has held sway in the devolved government. But the Democratic Unionist Party’s 20 years
Votes are starting to be counted in a set of elections that will help us gauge the political fortunes of Boris Johnson and Sir Keir Starmer. Although people have cast their ballots for local representatives who will be responsible for planning issues, housing and rubbish collections, these local elections give voters a chance to have
Sinn Fein is braced for a historic victory as the first votes are counted in the election of the Northern Ireland Assembly. Voters are choosing a new 90-seat Assembly, with polls suggesting the Irish nationalist party, and former political wing of the IRA, could win the largest number of seats – and the post of
The SNP has retained its position as Scotland’s biggest party in local elections while Labour has pushed the Tories into third place. First Minister Nicola Sturgeon told Sky News her party – in government at Holyrood for 15 years – had won the poll “by a country mile”. The results showed the SNP on 453
The main parties will put entirely different spins on local election results declared overnight. Labour will highlight historic gains in London with Barnet, Westminster and Wandsworth front and centre of its soundbites. And make no mistake these are historic gains. Politics Hub: Live updates as Labour win Westminster for first time ever The Conservatives had
The big picture is still taking shape, with a lot more results to come in, but we’re getting a sense of the mood within the political parties. Labour have achieved a morale-boosting triple whammy in London, taking Wandsworth, Westminster and Barnet councils – all Conservative strongholds in the city where Boris Johnson used to be
This is not an easy election to analyse: the picture is mixed and messy. As dawn breaks on Friday, nobody – perhaps with the exception of the Lib Dems – should be overly happy with the results. Tories suffered losses – perhaps not as many as they might. Two losing council leaders, one in the
Sir Keir Starmer will be investigated by police over “beergate” – the allegation he broke lockdown rules while drinking with colleagues. The Labour leader has come under pressure since footage emerged of him drinking a beer and having curry with colleagues in Durham during campaigning for the Hartlepool by-election in April 2021. At the time,
It has been a “tough night” for the Conservative party, after the loss of some key local councils in London to Labour – but the opposition party has seen mixed results outside the capital. The Tories have lost Wandsworth, Margaret Thatcher’s “favourite council”, Westminster and Barnet to Labour. Boris Johnson faces losing his Commons majority
The Conservatives face losing their Commons majority if local election results are replicated at a general election, according to a Sky News projection. Analysis suggests that it would mean a hung parliament with Prime Minister Boris Johnson’s Tories remaining the largest party at Westminster but falling 48 seats short of an overall majority. The projection
Roman Abramovich has insisted his position over the sale of Chelsea is unchanged and has described claims he has asked for a £1.5bn loan to be paid back as “entirely false”. Reports had suggested the Russian billionaire could insist on the money being paid back, which could threaten the sale of the Premier League club.
The Bank of England has raised the base rate of interest to 1% – the fourth consecutive increase as it continues to move against surging inflation – despite issuing a warning about a recession ahead. The Bank forecast that the UK economy will shrink later this year in the face of double-digit inflation and an
Rail companies have been accused of “failing dismally” to help families with young children travel on trains, according to a new report. Only five operators in Britain scored more than two out of eight points in analysis by the Campaign for Family-Friendly Trains. It comes after 13 firms were assessed on factors such as the
Elon Musk has secured $7bn from new investors for his $44bn takeover of Twitter. The 19 contributors supporting the billionaire’s deal include Larry Ellison, co-founder of Oracle and Tesla board member, who is pledging $1bn. The Qatar state investment fund is putting up $375m, while Binance, the world’s biggest cryptocurrency exchange, is pitching in $500bn,