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Ethereum Rival Plummets in Price After Stablecoin Built on Its Chain Loses Peg to US Dollar

The token of the decentralized application (DApp) creation platform Waves (WAVES) is plummeting after the algorithmic stablecoin backing it failed to maintain its peg to the US dollar. From opening at $2.38 on December 1st, Waves is now trading for $1.75, a nearly 27% decrease. The low-cap Ethereum (ETH) rival is seeing massive losses after […]

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Offaly business’s raffle raises over €6,000 for Hooves for Hospice

HEALY Family Meats in Banagher, County Offaly, through their own initiative and support of Birr Lions Club led by their past president Ken Enright and current president Ronan O’Hare, organised a very successful fundraising project which raised €6,100 for Hooves 4 Hospice. Healy Family Meats is a small family owned and operated meat business, established […]

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GE Renewable Energy awarded contract for maintenance of Belo Monte hydropower plants

GE, which has already supplied some of the equipment for the Belo Monte power plants, will now be responsible for the scheduled and routine maintenance of these plants over the next five years GE will maintain a total of 24 power generating units at the project, which is located on the Xingu River Belo Monte project […]

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Wall Street now thinks the Fed will let the U.S. fall into recession to stop inflation

After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed — and unconvinced that its fight against accelerating prices is anywhere near over. On Thursday, stock markets buckled on the growing realization that the Fed may be willing to let the economy slide into recession […]

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Business community learns about VCSC Learning Lab | Local News

On Thursday morning, Vigo County School Corp. adult education students took classes in one part of the Learning Lab, while fourth graders learned about technology and robotics in another area. The Terre Haute business community got a first-hand introduction to the Vigo County Learning Lab, described as a “mixed-use learning environment” involving several community partners. […]

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Factbox: Japan tax reform to target low-emission cars, shift to investment

TOKYO, Dec 16 (Reuters) – Japan will extend tax breaks on low-emission cars and seek to shift its massive household savings into investment in the government’s annual tax code revision to be approved on Friday. The government will also raise corporate, income and tobacco taxes to pay for a scheduled doubling of Japan’s defence spending […]

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Indian economy to outpace world average growth in 2023 – Can it duck global headwinds?

Capex revival and increased infrastructure spending by the government are likely to be among the key drivers of the Indian economy in 2023, according to analysts. Analysts say they are already seeing multiple green signals of higher capacity utilisation levels, higher capital spending and de-leveraged balance sheets which point to a capex cycle revival. While […]

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Pitch Deck That July Creator Economy Startup Used to Raise $2.3M

July is a creator economy startup with a mission to simplify the brand deal process. It just announced a $2.3 million pre-seed fundraising round led by Seven Seven Six. Here’s the pitch deck it used to get in front of investors as VC funding in the space cools. Wells Douraghy, a 23-year-old CEO, isn’t a […]

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How the Fed’s rate hikes could affect your finances

NEW YORK (AP) — The Federal Reserve’s move Wednesday to raise its key rate by a half-point brought it to a range of 4.25% to 4.5%, the highest level in 14 years. The Fed’s latest increase — its seventh rate hike this year — will make it even costlier for consumers and businesses to borrow […]

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What impact does China’s economy have on the rest of the world? | Business and Economy

From: Inside Story Latest economic data from China paints a gloomier picture than analysts had forecast. The saying used to be: When the United States sneezes, the world catches a cold. Now, the global focus is just as much on China. COVID-19 has had an impact on the financial health of the world’s second-largest economy […]

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