European stocks are expected to open higher on Tuesday with markets buoyed by positive global sentiment. The U.K.’s FTSE index is seen opening 5 points higher at 7,209.
Bitcoin: El Salvador Seeing Influx of Dollars Into BTC
Bitcoin: Nayib Bukele, the crypto-supporting President of El Salvador, revealed that more US dollars are being poured in to be exchanged for Bitcoin. Asking local media outlets to investigate and confirm the development, Bukele tweeted that Salvadorans are “inserting way more USD than what they are withdrawing from the Chivo ATMs”.
Oil Prices up as Covid Recovery, Power Generators Stoke Demand
Crude oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel.
Facebook May Face Privacy Fine of Up to €36 Million
Ireland’s Data Protection Commission (DPC) has proposed fining Facebook up to EUR 36 million (roughly Rs. 310 crores) in one of more than a dozen probes it has opened into the social media giant, according to a draft decision published by the complainant.
Bitcoin, Polkadot, Ethereum Zoom Up to 18%
All top 10 cryptocurrencies were higher at 9.30 hours IST. Polkadot rallied as much as 18 per cent, whereas Bitcoin was back in action crossing the $58,000 mark as investors bought the numero uno digital token.
China Exports Surprisingly Robust Despite Power Crunch
China exports growth unexpectedly accelerated in September, as still solid global demand offset some of the pressures on factories from power shortages, supply bottlenecks and a resurgence of domestic COVID-19 cases.
Rising Energy Prices will Squeeze Company Profits
Rising energy prices will increase business costs and narrow profit margins of companies around the world, a management consultant said Wednesday. Prices of energy commodities — including oil, natural gas and coal — soared in recent weeks as supply remains tight and demand rebounds from a Covid-induced slowdown.