Business

PAPIER.COM: New investment for millennials’ stationery favourite funds US expansion

PAPIER.COM: New investment for millennials’ stationery favourite funds US expansion Founded in 2015 in London by chief executive Taymoor Atighetchi, the on-demand, lifestyle brand is forecasting a £15 million turnover this year thanks to its in-house collections along with design and fashion circle collaborations. These include more recent ones with Disney and House of Holland and expansion of other tie-ups with ...

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Bitcoin price news: The eco-friendly way to mine crypto

Bitcoin price news: The eco-friendly way to mine crypto Bitcoin was born ten years ago while the world teetered toward financial collapse as a result of the 2007 and 2008 financial crisis. An elusive character called Satoshi Nakamoto then created a peer-to-peer system of electronic cash called bitcoin with a purported threefold aim. These were to wrest control away from ...

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Pound Euro exchange rate: Brexit optimism and “nonsense stories” buoy GBP/EUR

Pound Euro exchange rate: Brexit optimism and “nonsense stories” buoy GBP/EUR Sterling jumped on Friday, causing it to extend last week’s rally thanks to a fresh bout of Brexit optimism. Investors flocked to the pound as a report from the Times revealed the Democratic Unionist Party (DUP) had agreed to “shift its red lines” as part of a deal to replace ...

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Turkish lira crisis: Interest rates slashed in desperate attempt to avoid recession

Turkish lira crisis: Interest rates slashed in desperate attempt to avoid recession The reduction to 16.5 percent represents Turkey’s second aggressive cut in less than two months as it seeks to add much-needed momentum to a recession-hit economy. The bank, headed by recently-appointed Governor Murat Uysal, cited a recent fall in inflation and a global shift to easier monetary policy ...

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Pound US dollar exchange rate: GBP/USD soars to its highest levels since July

Pound US dollar exchange rate: GBP/USD soars to its highest levels since July This follows House of Common’s Speaker John Bercow’s vow to stop Prime Minister Boris Johnson breaking the law and pushing through a no-deal next month. Mr Bercow said: “If we come close to [Johnson ignoring the law], I would imagine parliament would want to cut off that possibility. ...

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ABELHA CACHACA: Brazilian organic spirit is a win for small farmers and British business

ABELHA CACHACA: Brazilian organic spirit is a win for small farmers and British business Cachaca, Brazil’s national drink and the iconic heart of the Caipirinha cocktail, is one of world’s most popular spirits and product developer and distributor The Responsible Trading Company (RTC) that has led the way raising its profile. With the goal of producing better quality sugar cane by ...

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Pound US dollar exchange rate steady as US inflation fails to ease fears for Fed rate cut

Pound US dollar exchange rate steady as US inflation fails to ease fears for Fed rate cut However, despite the positive data, the US dollar (USD) failed to rise against the pound (GBP) with concerns dogging markets that the Federal Reserve might make an interest rate cut this week. Ryan Sweet, Senior Economist at Moody’s Analytics, said the US central bank ...

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Pound US Dollar exchange rate: unexpected rise in US inflation causes GBP/USD to slide

Pound US Dollar exchange rate: unexpected rise in US inflation causes GBP/USD to slide Data from the US Labour Department revealed the cost of services was offset by the largest drop in the price of goods in seven months. Year-on-year, US producer prices rose by 1.8 percent despite forecasts suggesting inflation would be left unchanged from July’s gain of 1.7 percent.  However, ...

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