Money is something that we all use on a daily basis, but have you ever stopped to think about what it really is and how it works? Understanding the concept of money is important for anyone who wants to navigate the modern economy and make informed financial decisions. At its core, money is a medium …
Cryptocurrency: The Future of Money?
In recent years, the topic of cryptocurrency has become increasingly popular and mainstream. But what exactly is cryptocurrency, and why is it causing such a buzz? Cryptocurrency, also known as digital currency, is a form of currency that exists solely in digital form. It uses cryptography to secure and verify transactions, as well as to …
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Germany remains at the mercy of Russia despite gas flow resumption
Germany breathed a sigh of relief on Thursday as Russian gas flows through the Nord Stream 1 pipeline resumed after maintenance work, but a senior official said the country remained “at the mercy of Russia” in terms of energy imports. “We are at the mercy of Russia at the moment because they decide how much …
German rail switches its last diesel express trains to biofuel
Germany’s state rail company Deutsche Bahn plans to operate its last diesel-hauled, express services without CO2 emissions using fuel produced in a climate neutral manner. Deutsche Bahn (DB) currently only runs a few diesel express services since most of the network is electrified, but they still operate in central and southern Germany, and on long-distance trips to …
Oil price cap, Russian gold ban on agenda as G7 convenes in Germany
By Friederike Heine, dpa The leaders of the G7 group of wealthy nations were coming together in Bavaria’s Schloss Elmau resort on Sunday for the first day of a three-day summit that will centre on their response to the war in Ukraine and its consequences. The leaders of Britain, Canada, France, Germany, Italy, Japan and …
Daimler wants to sell only electric urban buses in Europe by 2030
Carmaker Daimler Truck’s bus division wants to sell only fully electrified city buses in Europe by 2030, and also offer carbon-neutral vehicles in all categories in Europe and Latin America. “We are focusing our investments on an all-electric city bus segment in Europe by the end of the decade,” Till Oberwörder, head of the Daimler Buses division told dpa ahead of an e-mobility …
Audi gets approval for new electric car plant in China
Audi has been given the go-ahead to build a new plant for manufacturing electric cars in China, the Volkswagen subsidiary announced at its German headquarters in Ingolstadt on Wednesday. Following approval by the Chinese authorities, construction work on the plant in the city of Changchun in China’s north-eastern Jilin province is due to begin shortly …
IMF Urges El Salvador to Discontinue Bitcoin’s Legal Tender Status
The global financial institution said BTC’s use as legal tender poses risks to the country’s financial stability, integrity and consumer protection. The executive board of the International Monetary Fund recommended that El Salvador discontinue the use of bitcoin (BTC) as legal tender in in the country due to the financial risks and liabilities created. The …
Olúbàdàn: All Markets In Ìbàdànland To Be Shut
The Bàbálọ́jà-General of Oyo State, Alhaji Asiwaju Yekini Abass Oladapo (YK ABASS), on behalf of all traders, has commiserate with all sons and daughters of Ìbàdànland, the Oyo State Government led by Governor Seyi Makinde, the CCII, the State Traditional Council, Olubadan-in-council and Olori Rasheedat Adetunji over the demise of His Imperial Majesty, Ọba Saliu …