Author: Press Room

Emmanuel Liemans runs a successful bakery in Amay, Belgium but says running a business has become “very complicated” due to the rise in prices.His energy costs recently tripled and he said he was shocked at the change in price.”One bill for €36,000 was an adjustment for the year 2021, and then, they calculated the energy costs at €14,800 per month,” Liemans told Euronews.For the time being, he has not paid it, hoping there has been a mistake made by energy supplier Engie.”At some point, someone needs to do something to cap prices or reduce them… it’s not possible,” he added.It’s…

Sabino prefers a direct approach to promoting himself, saying, “I have a genuine love for advertising, and I think outright saying, ‘Hey just to be clear, I’m trying to sell you something,’ is a change of pace from being told how your laundry detergent understands that you have social anxiety. I try to treat my ads like any other storytelling medium, where they can exist outside of their main purpose and just be enjoyed for what they are.”Sabino handles every facet of his burgeoning business on his own—an increasingly common trend among today’s emerging designers. This includes sourcing diamonds and…

Bitcoin price is eyeing more gains above $20,000.Ethereum is facing resistance near $1,350, XRP could gain pace above $0.45.MKR and RUNE gained over 8%.Bitcoin price is slowly moving higher above $19,500. BTC is currently (04:10 UTC) facing resistance near 19,650. A clear move above the $19,650 and $20,000 resistance levels might open the doors for a steady increase.Similarly, most major altcoins are eyeing a steady increase. ETH could gain pace if it clears the $1,350 resistance zone. XRP is eyeing a fresh increase towards the $0.48 resistance. ADA is facing resistance near $0.435.Bitcoin priceAfter retesting the $19,000 level, bitcoin price…

Major CEOs aren’t buying the notion that the US economy could have a soft landing following a series of historically large interest rate hikes by the Federal Reserve to fight inflation. According to a survey of 400 leaders of large US companies by consulting firm KPMG, a whopping 91% are predicting a recession in the next 12 months. What’s more, the survey, released Tuesday, found that only 34% of these CEOs think the recession will be mild and short. “There has been tremendous uncertainty over the past two and a half years,” said Paul Knopp, chairman and CEO of KPMG…

Shares in South Korea’s biggest internet group Naver dropped on Tuesday after it announced a $1.2bn deal to buy Poshmark, a US clothing reseller, as it pushes into the booming second-hand fashion market. The deal is Naver’s biggest acquisition and its first foray into Silicon Valley as the South Korean company accelerates its global expansion. But the size of the deal took investors by surprise, driving down Naver shares 8.8 per cent to their lowest point in more than two years. The shares have plunged more than 50 per cent this year as a result of a global tech rout.Naver…

Legal & General has moved to reassure investors over its financial health after an investing strategy the insurer helped pioneer for UK pension funds blew up in the recent bond market turmoil.The FTSE 100 group is one of the biggest players in the market for so-called liability-driven investment strategies, which many defined benefit pension schemes have adopted in recent years in an effort to help match their liabilities and assets, often using derivatives.The strategies, which require pension funds to post collateral, have come under acute pressure since chancellor Kwasi Kwarteng’s plan for unfunded tax cuts sent yields on UK government…

Europe’s critical infrastructure is vulnerable and needs more protection, according to the EU’s commissioner for home affairs.Talking to Euronews one week after the alleged sabotage of the Nord Stream gas pipelines, Ylva Johansson said the war in Ukraine also poses a major and deliberate threat to the EU.Since 2008, the EU has had in place the Critical Infrastructure Directive, and earlier this year, the bloc’s institutions reached a political agreement on new rules with a wider scope.”We know that we are vulnerable and that’s why the Commission has proposed a much, much higher ambition in the new directive and also…

Do you know what drowning looks like?The popular image of underwater death – characterised by thrashing arms and legs, yelling, and desperate signalling for help – is everywhere in movies and on TV.But victims mostly slip under the surface unnoticed, a leading water safety organisation has warned.“Drowning doesn’t look like it does in the films,” warns Guy Addington, South East Water Safety lead at the Royal National Lifeboat Institution.“Somebody thrashing around and shouting – they could be in serious distress, but they’re not drowning.“Drowning can be unnoticed, silent and not seen until it’s way too late.”Noiseless drownings happen with “alarming…

Lawyers representing Nick Kyrgios have said that they are seeking to get an assault charge dismissed on mental health grounds.Kyrgios faces a charge of common assault after an alleged incident in January 2021 involving his former partner. The incident was reported to police in December. AdLawyers for the tennis player asked the Australian Capital Territory magistrates court for an adjournment on Tuesday to allow for mental health reports to be prepared.ATP Tokyo’Heartbreaking’ – Kyrgios on the match that ‘really, really hurt’ in big seasonA DAY AGOKyrgios’s lawyer, Michael Kukulies-Smith, will then apply to have the charges dismissed under section 334…

Nigeria has previously said its plan to commercialise gas burned from its oilfields will help cut 15 million tonnes of carbon emissions.Nigeria will award contracts for its flared gas by the end of December under an accelerated programme to harness gas that is released as a byproduct of oil production, its petroleum regulator has said. President Muhammadu Buhari first launched the programme to auction rights to capture and sell flared gas in 2016. Four years later, the government approved 200 bidders but the process was stalled due to the outbreak of the coronavirus pandemic. On Sunday, Nigerian Upstream Petroleum Regulatory…