Tesla Just Bought $1.5 Billion Worth of Bitcoin. Is Apple Next?

Tesla is an open application on Monday, and is equivalent to $ 1. 5 billion as part of a corporate policy that allows electric vehicles (EV) manufacturers to invest in "alternative assets" including gold and gold ETFs. He announced that he had purchased Bitcoin.

The company further added that Bitcoin was to start accepting as a means of paying. However, nothing has been told about gold or other precious metals.

It's very reasonable that Tesla enters Bitcoin. The CEO, the CEO of the Eulon Musk, was the wealthy person in the world at one time, and then fell to second place, but for a long time, a bitcoin fan.

Both Tesla and Bitcoin were very successful in 2020. The stock price of automakers has risen 743 %, making it the best stock this year with the S & Amp; P500 stock index. Bitcoin, on the other hand, was boosted by the demand of institutional investors and rose more than 300 %. On Tuesday morning, when the manuscript was written, the price of bitcoin exceeded $ 48, 000.

Tesla was not the only major encryption news on Monday. The Chicago Marcunil Exchange (CME) has begun the lon g-awaited futures trading of Esa, a native digital currency of Ethereum Network. This movement has been about three years since the announcement of bitcoin futures. Today, after Bitcoin, the second largest coin soared for the first time in history for more than $ 1800.

Bitcoin Has Hit the Big Leagues

Tesla has decided to buy bitcoin, and CME has decided to provide a new way to trade Euta, so that digital assets have been accepted as currency and investment, not just speculating. It was emphasized.

In fact, Google search, "Investing in Crypto," has recently recorded a record high.

In recent years, skepticism has compared the rise in bitcoin with the 17t h-century Tulip Bulb Mania in the Netherlands. A few years ago, Warren Buffett called the cryptocurrency a "rat poison."

Bitcoin supporter Bill Miller refused to criticize Buffett and accurately said that if bitcoin was poisonous, cash would be rat.

(Miller, Omaha's Oracle sold the airline stock near the outbreak of pandemic, then r e-kicked Buffett again. Leg Mason's former highest investment manager (CIO) did not own an airline. Six months after the mirror's remark, "I will bet on the vaccine," he announced that he had developed a valid vaccine for viruses. ).

Miller this week allowed his flagship fund to invest in the world's largest cryptocurrency. The $2. 7 billion Miller Opportunity Trust has been granted the right to invest in the Grayscale Bitcoin Trust.

Tesla “Broke the Seal,” Apple Now Urged to Bite into Bitcoin

So who will be the next big company or investor to announce its foray into crypto? In recent days, we've seen rumors that Apple might get involved.

One analyst at Royal Bank of Canada (RBC) made such a claim this week. In an article published on Monday, analyst Mitch Steves said it would be a good bet that the iPhone maker would develop Apple Wallet into a Coinbase-like "Apple Exchange," giving users a more reliable and readily available means to trade cryptocurrencies.

Plus, Apple should consider buying Bitcoin. Perhaps as much as $5 billion.

To elaborate, if Apple were to "buy $5 billion in Bitcoin (20-25 days worth of cash flow) in the first place, the price of the underlying asset would need to rise 10% to fully fund (the virtual crypto exchange)."

Steves adds: "This is a solid value proposition in our view, as it would fund the business without diluting the company's other projects (iPhones, potentially cars, etc.)."

A 10% rise in Bitcoin is extraordinary. As you know, cryptocurrencies are very volatile. The 10-day standard deviation of the S& P 500 and gold bullion is ±3%, while Bitcoin is ±16%.

HIVE Blockchain Most Liquid Tech Stock in Canada

Besides Grayscale Bitcoin Trust, another way to access crypto without owning it is HIVE Blockchain Technologies (TSX. V:HIVE) (OTCQX:HVBTF). HIVE is not only the world's first publicly traded crypto mining company, but it is also the only company currently mining both Bitcoin and Ether.

HIVE mines its coins using only green, renewable energy, which appeals to ESG investors -- ESG stands for Environmental, Social and Governance, a criterion that many investors now use to screen potential investments.

We are very pleased with HIVE's trading volume. In 2020, HIVE traded over 1. 7 billion shares in Canada alone, making it the most liquid stock on the TSX Venture Exchange and the Canadian Alternative Trading System (ATS) for the year. And in the U. S., HIVE ranked 4th for liquidity in the 2021 OTCQX Best 50, a ranking of the top performers in the OTCQX Best Markets based on 2020 total return and average daily volume growth. HIVE has surged nearly 2, 300% over the past year.

Are you considering Ether? Click here for my latest video on 5 reasons why now might be the time to invest.

Tesla overtaken by China’s BYD as world’s top-selling electric car maker; UK manufacturing production declines for 17th successive month - as it happened

After the first day of trading in 2024, here are today's top talking points: Oil prices rise as Iran refuses to end support for Houthi attacks in Red Sea

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Tesla overtaken by China's BYD as the world's top-selling electric vehicle seller

BYD, which stands for Build Your Dreams, announced that it will produce 3. 02 million new energy vehicles in 2023.

However, BYD's sales figures include 1. 6 million battery-only vehicles and 1. 4 million hybrid vehicles, with Tesla still leading the way in battery-only electric vehicle production.

However, in the final quarter of last year, BYD surpassed Tesla for the first time in battery-only vehicle sales, 526, 000 to 484, 000.

Most of BYD's vehicles are sold at lower prices than Tesla, and sales from the Chinese market account for about 20%.

Chinese electric vehicle makers such as BYD and Nio are aiming to become major players in international markets, with a particular focus on Europe.

BYD, which currently sells five models in Europe and plans to launch three more this year, announced plans in December to build a new production plant in Hungary.

The company said last year that it was not considering building its first European car factory in Britain, given the impact of Brexit.

China's top-selling electric car maker aims to sell about 800, 000 cars a year in Europe by 2030.

BYD said Britain was not even in the top 10 potential locations for its first European car factory.

Hong Kong-listed BYD was founded by former university professor Wang Chuanfu and began developing batteries in 1995.

Updated 16. 04 CET

BT missed a deadline to remove Huawei equipment from its mobile network after a British government order that the Chinese company's technology posed security risks.

In 2020, the government ordered UK telecoms operators to replace Huawei technology used in their core 5G mobile broadband networks, where personal information is processed, due to national security concerns that the Chinese government could have access to customer information.

BT misses deadline to remove Huawei kit from mobile network over security concerns

Huawei, which was a preferred supplier of high-end technology for the UK's next-generation telecommunications network, has always denied the allegations.

BT estimated that the work to remove and replace the alternative supplier's technology would cost £500 million.

At the time, BT's former chief executive Philip Jansen said it had "no issues" meeting the December 31 deadline.

A BT spokesman said: "All 4G and 5G data sessions and voice calls are now provided by non-Huawei core equipment, which means more than 99% of all core traffic is provided by non-Huawei kit."

The remaining 1% of data that has not yet been migrated off Huawei technology is on EE's older 2G and 3G networks.

BT said the process of removing Huawei kit from the core of its network, which involves the migration of 30 million active customers, was "unprecedented in terms of scale, cost and complexity".

Regulators are likely to be lenient about the timetable for completing such a complex task, but companies that miss the end-of-year target could be fined 10% of revenue or as much as £100, 000 for each day they are non-compliant.

Virgin Media O2 said it had removed all the necessary equipment from its broadband and mobile networks.

Vodafone says it has no Huawei kit in its core network.

The government allows Huawei into masts and towers, non-core parts of the UK's 5G network, but there is a 35% cap on the use of the Chinese company's equipment, which must be met by 2027.

Chip-making equipment maker ASML has been ordered by the Dutch government to restrict some of its exports to China.

The company said the "partial revocation" of export licences affects a few lines of cutting-edge laser lithography equipment, which is essential for the mass production of microchips, and that the ban only affects "a small number of Chinese customers".

Chip equipment maker ASML forced to stop some exports to China as tech battle escalates

The move comes ahead of new restrictions coming into force at the end of January, after the Netherlands followed the US and Japan in imposing tough limits on technology exports.

The company said in a statement that it has "received further clarification on the scope and impact of US export control restrictions" following discussions with the US government.

The company added that it "does not expect this export licence revocation or the latest US export restrictions to have a material impact on its 2023 financial outlook."

Chinese Foreign Ministry spokesman Wang Wenbin called on the Netherlands to "be fair, respect market principles and the law, safeguard the common interests of the two countries and their enterprises, and take practical actions to maintain the stability of the international supply chain."

Bitcoin hit a 21-month high of just over $45, 000 as investors hope U. S. regulators will give the green light for expanded trading of the world's largest cryptocurrency and its rivals.

Bitcoin hit an intraday high of $45, 532 (£35, 737) on Monday night, its highest price since April 2022.

Bitcoin surges to 21-month high topping $45,000 on hopes of wider trading

Traders who have been driving bitcoin's big price rally all last year are excited by the prospect that the U. S. Securities and Exchange Commission (SEC) may approve the first bitcoin exchange-traded fund (ETF).

This would open a market where investors could buy products that track bitcoin shares without actually owning the cryptocurrency.

Investors are also waiting to see the impact of the process known as "halving," which cuts the rewards offered to miners every few years, reducing market supply and historically driving up stock prices.

Victoria Sculler, investment director at Interactive Investor, says:

"After a big sell-off in 2022, Bitcoin and other cryptocurrencies are making a comeback, and it feels like crypto winter is over." "Bitcoin continues to rise after rising more than 150% in 2023. Hopes that US regulators will approve a Bitcoin ETF are growing, which is a boost for the cryptocurrency. There is also a lot of excitement among crypto investors with the Bitcoin halving event coming up. Historically, Bitcoin prices have risen after halving events."

UK manufacturing fell for the 17th consecutive month in December, capping off a dismal year marked by job cuts and falling new orders and production.

The latest flash S& P Global/CIPS Purchasing Managers' Index (PMI) fell to 46. 2 in December after hitting a six-month high in November.

UK manufacturing production declines for 17th successive month

The flash report said business optimism fell to a 12-month low in December, "reflecting a weak economy, customer closures and high interest rates."

Caroline Lichfield, partner and head of manufacturing and supply chain at Brabners, said:

"December marked a dismal month for manufacturing. That said, many manufacturers are optimistic for next year as new stimulus measures, including the government's £4. 5 billion Advanced Manufacturing Scheme and Regional Investment Zones, create fertile ground for investment.

The UK's #ManufacturingPMI retreated to 46. 2 in December from 47. 2 in November, remaining below the neutral 50 mark for the 17th consecutive month.

(Fortunately, the services sector is improving significantly, so the composite PMI is above 50) pic. twitter. com/R7abxsGvdR

- Julian Jessop (@julianHjessop) January 2, 2024

Food price inflation rose to 46. 2 in December It has fallen to its lowest level in 18 months but retail bosses have warned there is a risk of it rising again this year.

Food price inflation fell to 6. 7% last month from 7. 7% in November, the lowest level since June 2022.

Food inflation falls to 18-month low but retail bosses warn on acceleration risks

Fresh food inflation also fell to 5. 4% in December, compared with 6. 7% the previous month, according to new figures published by the British Retail Consortium (BRC).

However, no n-foods rose from 2. 5 % in November to 3. 1 %, and the overall market price inflation rates were only 4. 3 %, as the overall overall price inflation rate was flat.

The BRC Helen Dickinson's CEO warned that there is a risk of accelerating ove r-prices this year.

"Retailers will do their best to reduce the price in 2024, but there is a disability in the future. New border tests for imports from the EU, increasing the business fee of several dollars from April. The government. You should consider not only to suppress important investment in the local community, but also to expand prices for har d-t o-use households before imposing a retail company.

Click here for full text by colleague Sarah Butler.

The Digital Bank and Chase UK launched two years ago by the US major JP Morgan may be in the black as soon as the savings are looking for the most competitive transactions in the market.

The Canary Wur f-based Chase UK launched in 2021 with the goal of challenging a British bank sector dominated by a handful of high street financial institutions, and gained more than 2 million customers. He said he manages 15 billion pounds.

Digital bank Chase UK targets profitability next year as savers look for deals

"Sean Port, a chase UK manager, said in the press associations," I believe that we can make the UK business black in 2025 as we have rapidly developed banks. "For that, it is necessary to make bank transactions attractive."

In November, JP Morgan's President Daniel Focus said that British banks would balance the balance in the next 12 to 18 months.

JP Morgan warned that the British digital bank loss would be about $ 450 billion in 2022, and was expected to be the same last year.

Mr. Port said that the chase UK was "efficient" and "costly" and was moving forward in the blac k-shaped business.

In addition, customers have a "clear desire to be more elastic", and are more aggressive, such as transferring monthly salaries to hig h-interest accounts and withdrawing money to respond to major claims. In addition, he added that he was managing financially.

"The banking department is healthy, but you can get more profits than you can leave in your existing financial institutions and make much more than saving," he said.

Cheese UK plans to provide credit cards this year with the aim of further expanding consumer products.

It is reported that this year will launch services in Germany and other EU countries this year.

The BMW recalls about 150, 000 units due to the brakes, reducing the value of German automakers by 4. 3 billion euros (about 3. 7 billion yen).

The company, which also manufactures Rolls Lois and Mini, said that product recalls have a negative impact on global sales in the second half.

BMW suffers £3.7bn slump over major problems with brakes

As a result, the stock price has plummeted by 9. 6 %, saying that the thre e-mont h-mont h-th e-th e-day hit will receive a " 3-digit hill."

In addition, profit guidance has been reduced, and this year's profit margin is expected to be from 8-10 % to 6-7 %.

Luxury car brands are already struggling with declining demand from China, which suffer from the German automotive industry.

In the second quarter, net income fell 8. 6 % to 2. 7 billion euros, and sales decreased by 0. 7 % to less than 37 billion euros.

This is due to the fact that Volkswagen would destroy the German Metal Labor Union IG Metal that it would destroy various labor agreements, including employment guarantees up to 2029 at six factories in Germany.

Volkswagen stopped employment guarantees for decades as part of cost reductions, causing conflict with workers.

The movement was the first of 87 years of history that it could close the German factory for the first time in 87 years, shocking the world's automotive industry and promoting concerns of German government officials.

Volkswagen's top worker council pledged intense resistance to dismissal and factory closure, accusing Volkswagen's disease because of his management.

Volkswagen said, "It is necessary to reduce costs in Germany to competitive levels so that they can invest in new technologies and new products." This is extremely important, given the competition and the location of Germany. We must act firmly and secure a successful future. "

Please see below for the latest information.

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September 10, 202 4-6:19 pm

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Thank you for today. You can see today's business news here.

Signing off.

The decline of major bank stocks became a burden on the market, and the main index in Wall Street fell in the afternoon.

The JP Morgan Chase has fallen by nearly 7 % in the past four years, as the president has reduced the expectation of interest payments. Meanwhile, Goldman Sachs fell 5. 3 % after the David Solomon's CEO (CEO) stated by 5. 3 % following the statement of "the third quarter of trading revenue will decrease by 10 %."

JPMorgan plunges 7pc, pulling down Wall Street indexes

S & amp; P500 stock index is 0. 3pc, down 0. 8pc, and Nasdaq is 0. 1pc.

The FTSE 10 0-type stock index lowered the price due to the sluggish oil price and the sluggish astrazeneka.

Oil major shells and BPs have pulled the index footprints in response to the fall of the Brent crude oil price to a low level since 2021.

FTSE 100 hit by oil slump

The shell dropped 1. 5pc and the BP fell 2. 1pc.

Brent crude oil fell significantly due to the downward revision of the Oppecs in 2024 and 2025.

Brent crude oil 1 barrel was $ 3. 9p, with $ 68. 58 (£ 52. 49 pounds) just before the end of the London market.

Others, pharmaceutical companies Astrazeneka were the weakest performance in the FTSE100.

One of the lung cancer treatments was revealed in recent clinical trials, and the pharmaceutical giant Astraizenka pulled his feet.

As a result, the company's shares fell 2. 4 %.

London's stock index ended with a lower 0. 8p.

As concerns about global economic growth have increased, the major international indicators of crude oil have been less than $ 70 per barrel for the first time since the end of 2021.

Brent crude oil fell by more than 3 %, breaking down $ 70 per barrel for the first time since December 2021.

Oil prices tumble on growth worries

Tamas Valga, an oil analyst at PvM Oil Associates, said that the OPEC oil cartel had revised down demand forecasts, but the change was very small, not the main reasons. He said:

The fact that the Chinese economy's difficulty (imported in August decreased 7 % yea r-o n-year), and the fact that the Fed will remain will be 0. 25 % next week has led to the current sale.

Swiss Auto analysts, Ipec Ozkardeskaya, said that it would not be enough to stop the falling trend, even for the approaching interest rate and the increase in production of operations.

"The bullish oil of crude oil does not try to swim against such a strong tide.

With Air Air Air, which launches 135 pounds from London to the Middle East, the cheap airline aims to attract passengers with lo w-cost and baggag e-free options. Christopher Jusper reports:

The airline has announced the details of the new night route to Saudi Arabia, which will operate from March next year.

Wizz Air launches £135 no-frills flights to the Middle East

Wiz is waiting for the new aircraft A321XLR connecting Gatwick Airport and Saudi Arabia Jedda.

Air tickets have already been sold at 134. 99 pounds and are decisively lower than premium rivals such as British Airways. Wiz will be full of XLR with 239 seats.

With this year, with a series of issues that 30 % of flights do not arrive on time this year.

Passengers who board the airplane Credit: Steve Parsons/Pa Wire

The FTSE 10 0-type stock index fell by 0. 8 %.

The rise rate was 3. 9 pc up by 3. 9pc, which provides students accommodation facilities, followed by JD sports by 3. 4pc.

FTSE 100 closes down

On the other hand, the Barclays dropped by 3. 3pc, and the air space manufacturer Melrose Industries fell 2. 9PC.

Meanwhile, the mediu m-sized stock FTSE250 rose 0. 03p. The rise rate was rising by 22. 9 pc in the gold mine center, followed by a real estate company Humerson, followed by 2. 9 pc.

The Alpha Group of the foreign exchange business has fallen by 11 pc, and Isaka Energy has fallen by 4. 9pc.

Anglo American has announced that investors will start selling Anglo American Platinum.

This is part of a plan to concentrate Anglo into growth, only a few months after a mining company refused to propose a acquisition from BHP.

Anglo American starts offloading divsion after rejecting takeover

At that time, Anglo American said that the offer was "underestimated" the group. This caused speculation that Anglo could separate the department.

Anglo American Duncan One Blood, CEO, said:

Anglo American Platinum is one of the world's leading platinum group metal primary producers, its remarkable amount of resources, attractive market structural mechanics, and its role in reduction and clean energy. It is in a good position to make a profit.

With this sale, the Company is actively working to pass some of the shares of Anglo American Platinum to a wider range of investors prior to the planned company split.

In addition, we plan to reduce net bonds with this sale in order to continue shifting to portfolios specialized in copper, luxury iron ore, and agricultural nutritional agents, and to achieve sustainable returns. 。

Anglo American Platinum in Surugui, Zimbabwe (2019) CREDIT: PHILIMON BULAWAYO/REUTERS

The dollar has risen a little to the main currency basket today and has solidified his Monday, but has fallen against the euro and pounds.

Next week, the U. S. Federal Reserve Council (Fed) is expected to decline for the first time in more than four years.

US dollar moves ahead of inflation data

Monex USA's foreign exchange trader Helen Gibun says:

The market has been a bit of a fac e-t o-face appearance, with the market a little bit of a CPI (consumer price index) tomorrow, but today is a bit cracked due to the alerts of the election and the Chinese landslide.

Tomorrow's CPI (consumer price index) is expected to be slightly lower than last month's average annual average, and it is usually expected that the dollar depreciation, which has been the lead, is expected, but anxiety about the international situation and the import and export of China. Software floats a little dollar.

China imported only 0. 5 % last month, suggesting weak domestic demand. Exports have grown at the fastest pace in the past year and a half, suggesting that the manufacturer is in a hurry to raise tariffs due to the increase in trade partners.

Reuters' opinion polls show that the US Consumer Price Index (CPI) in August rose 0. 2 % yea r-o n-month, and is expected to be the same as the previous month. However, it is expected that it will only increase from 2. 9pc in July to 2. 6 pc from the same month of the previous year.

The oldest asset management company in the UK, Abadon and Schloders, have promoted former financial bosses to the highest executive as each company has continued to be confused.

Abrdn's former Financial Officer Jason Windsor was permanently given the highest executive officer. He has been working as a provisional highest executive since May, when Steven Bird retired.

Abrdn and Schoders appoint new chiefs amid falling share prices

Windsor has been successful after a significant reduction in ABRDN, which was established in Edinburgh 1999 years ago.

In January, the company announced in late 2023 that it would reduce 500 employment due to more money leakage (withdrawing more cash than investors' funds).

Aberdon's stock price has fallen by nearly 16P since 2024, and is struggling to detain investors.

Mr. Windsor said today that there is a "big room" in the entire business, "it may further improve business performance."

Meanwhile, Schloader has announced that it will be the top on November 8 with the current highest finance officer Richard Oldfield, with the retirement of the current boss, Peter Harrison.

ABRDN logo on the smartphone screen Credit: John Keeble/Getty Images

Apple's new iPhone 16 is still the AI ​​function that has been expected for a long time despite the first thre e-fold mobile phone in the Huawei industry has increased the betting betting to control the world's smartphone market. So, I couldn't excite the investors.

Apple's stock price dropped by 1. 9ps on Tuesday. The US hig h-tech giant has announced a new iPhone integrated with artificial intelligence at the hardware level, but has only changed its appearance.

Apple shares down as iPhone 16 fails to excite investors

The AI ​​function, named Apple Intelligence, is used to improve the company's voice assistant "Siri" and strengthen the camera.

Laura Martin, an analyst of NEEDHAM, US investment bank:

With a lot of words such as "Ya" in the latter half of this year, Apple's core message for the iPhone 16 will be better next year.

Apple did not announce when the test stage was over or a Chinese partner who supported AI's ambitions.

The lack of AI functions on the new iPhone has been a contempt in China, which is obliged to judge before the government public offers A I-based chatbots.

The iPhone16 Chinese version has not supported AI yet, "has gathered more than 1, 500 comments on Weibo.

Cledit: David Paul Morris/Bloomberg to see new products at an event held at the Apple headquarters in Kupachino, California yesterday

Volkswagen told German metal union IG metal that it would destroy various labor agreements, including employment guarantees up to 2029 at six factories in Germany.

Volkswagen, a Europea n-top automaker, has been struggling to compete with inexpensive Asian rivals, and has stopped employment guarantees for decades as part of cost reduction measures that cause conflicts with workers.

Volkswagen scraps decades-old German job security pact, says union

Volkswagen's movements were threatening to close the German factory for the first time in 87 years, shocking the world's automotive industry and encouraging highly German government officials.

Volkswagen's top worker council pledged intense resistance to dismissal and factory closure, accusing Volkswagen's disease because of his management.

IG Metall had previously said it might consider a move to a four-day week as an alternative to closures.

Please see below for the latest information.

Volkswagen's predicament comes at a time of economic uncertainty, with sluggish growth, rising energy prices and questions over trade ties with the lucrative Chinese market.

Volkswagen executive board member Gunnar Kilian said:

We must reduce costs to a level that makes Volkswagen AG competitive in Germany and enable it to invest independently in new technologies and products. Given the competition and our location in Germany, this is now crucial. We must act decisively and secure a successful future.

Workers finish the body of the Volkswagen ID. 3 electric car on an assembly line in Zwickau in 2020. Credit: Jens Meyer/AP Photo

The S& P 500 and Nasdaq rose on Tuesday, with most large caps rising. The focus now shifts to key inflation data due this weekend, which may provide more clarity on the size of the Federal Reserve's expected rate cut on September 18.

The Nasdaq was up 0. 5pc and the S& P was up 0. 1pc, while the Dow Jones Industrial Average was down 0. 5pc.

Nasdaq and the S&P gain on megacap boost

Apple was down 0. 6pc after losing its battle with EU competition regulators and launching new products.

EV maker Tesla, however, rose 3pc, leading the gains in mega and growth stocks.

Traders on the New York Stock Exchange yesterday Credit: Spencer Platt/Getty Images

Oil prices fell below $70 a barrel for the first time in three years amid growing concerns about a slowdown in the US and Chinese economies.

The international benchmark Brent crude fell as much as 2. 9pc today to $69. 78 as traders worried about oversupply.

Oil falls below $70 a barrel for first time in three years

Before rising on Monday, oil prices had been falling for six consecutive trading sessions.

Julius Baer analyst Norbert Luecker says:

The underlying trend in the oil market remains to the downside.

Fundamental headwinds will persist. With demand partially stagnant and production rising in the Americas, the oil market is likely to be in oversupply next year.

Thank you for joining us for today's Market Blog. Alex Singleton will take over and keep you posted through the evening.

Apple's shares have fallen after the European judicial court has decided to pay an Ireland of 13 billion euros (about 11 billion yen) to the Ireland.

With the US presidential election debate, Wall Street stock prices have risen for two consecutive sessions.

Apple shares drop after it loses legal battle over €13bn Irish taxes

The Nasdaq Comprehensive Stock Index was 0. 6 points, and the S & Amp; P500 stock index rose 0. 3 points, but the 30 Dow Industrial shares had fallen by 0. 4 points.

LBBW's Karl Hailing says: "The investor seems to be bullish.

The first and probably the only debate by Vice President Kamara Harris and former President Donald Trump will be held in Philadelphia tonight.

The market is also paying attention to consumer inflation data announced on Wednesday. The Fed is expected to reduce interest rates at the end of this month.

The BMW recalls about 150, 000 units due to the brakes, reducing the value of German automakers by 4. 3 billion euros (about 3. 7 billion yen).

The company, which also manufactures Rolls Lois and Mini, said that product recalls have a negative impact on global sales in the second half.

BMW product recall over braking issues wipes £3.7bn off carmaker

As a result, the stock price has plummeted by 9. 6 %, saying that the thre e-mont h-mont h-th e-th e-day hit will receive a " 3-digit hill."

In addition, profit guidance has been reduced, and this year's profit margin is expected to be from 8-10 % to 6-7 %.

Luxury car brands are already struggling with declining demand from China, which suffer from the German automotive industry.

In the second quarter, net income fell 8. 6 % to 2. 7 billion euros, and sales decreased by 0. 7 % to less than 37 billion euros.

This is due to the fact that Volkswagen would destroy the German Metal Labor Union IG Metal that it would destroy various labor agreements, including employment guarantees up to 2029 at six factories in Germany.

Volkswagen stopped employment guarantees for decades as part of cost reductions, causing conflict with workers.

The Wall Street's major stock index began high, ahead of the important inflation indicators announced this weekend.

The Dow average rose 86. 9 points (0. 2 %) to $ 40, 916. 5.

US stocks rise ahead of inflation data

The S & amp; P500 stock index was 19. 5 points (0. 4pc), 5, 490. 51, and the Nasdaq Comprehensive Stock Index was 65. 0 points (0. 4pc), 16, 949. 641.

Before the numbers indicating the economic growth rate under the Labor Party administration, Stirling stopped rising in ant i-dollars and Euro.

Investors will carefully watch the numbers of Gross Domestic Product (GDP) announced on Wednesday before the next interest rate decide meeting of England.

Pound flat ahead of GDP figures

German bank Senior Economist, Sangii Raja, said that the British economy would be more likely to increase 0. 3 pc from the previous month after the British economy remained flat.

The British pound fluctuated to $ 1. 307 after reaching $ 1. 311.

The euro is flat at 84. 4p.

One of the Deputy Governor said that the bank should consider the easing of financial regulations to promote economic growth.

Deputy Governor Sarah Bleeden's statement was made before the UK announced a plan to introduce the latest global bank capital regulations.

Relax financial rules to boost growth, says Bank of England official

Many of the industry fear that this regulation is disadvantageous to international rivals.

"If the policy proprietor can implement the financial stability in a way that does not impair the financial stability, it should take any opportunity to increase the contribution of banks.

Deputy Governor Bleeden stated that by changing British pension rules, "the best balance of pensioners protection, economic growth, and financial stability" could be revitalized. 。

Sarah Bleeden is the Deputy Governor of England Bank.

British financial monitoring authorities have first prosecuted a man who operated a network of cryptocurrency ATM.

Olumide OSUNKOYA (45 years old) will be in the Westmin Star Security Court on September 30, allegedly operating multiple cipher ATMs without registering with regulatory authorities.

Man charged with running network of crypto ATMs

Cryptographic ATM is a machine that can buy and sell cryptocurrencies (digital money such as bitcoin and Ethereum) in exchange for cash.

According to COIN ATM Radar, it is legal in the United States, and thousands of machines provide various drawings for various encryption tokens.

However, in the UK, it is necessary to register with the Financial Action Survival Organization (FCA). Currently, there is no registered place.

FCA accused OSUNKOYA in London that it operates a machine network of 2. 6 million pounds between December 2021 and September 2023.

The price of one bitcoin has doubled in the last 12 months from last year's £ 20, 600, exceeding £ 43, 600.

According to experts, the slowdown in British wages will help to suppress inflation and will help to open further ways to further lower interests this year.

Official data released today showed that average earnings growth fell to a two-year low of 5. 1pc in the three months to July, while total pay growth, including bonuses, fell to 4pc, the lowest in nearly four years.

Slowing wage growth will smooth path for interest rate cuts, say economists

Bank of England rate cutters are closely monitoring wage data to keep inflation in check, and financial markets are expecting at least one more rate cut this year.

Rob Wood, chief economist at Pantheon Macroeconomics, said: "The MPC will be encouraged by the slowing in private pay growth amid signs that the labour market continues to ease gradually without collapsing.

Monica George-Michael, associate economist at NIESR, said: "This is positive news for inflation and may give the Bank of England confidence to cut rates.

Indeed senior economist Jack Kennedy added: "The gradual easing in wage growth paves the way for further rate cuts from the Bank of England this year."

Financial markets indicate the Bank of England will cut rates at least one more time this year Credit: DANIEL LEAL/AFP via Getty Images

Shares in shopping centre owner Capital & Regional fell after a property company that had been thought to be a potential buyer said it was not interested.

Praxis Group said it had "no intention to make an offer" for Capital & Regional, which runs shopping centres in Edinburgh, Hemel Hempstead, Ilford, Maidstone, Walthamstow and Wood Green.

Shopping centre owner’s shares plunge as bidder pulls out

Praxis said it was interested in taking over in July and had set a September 12 deadline for making a formal offer, along with NewRiver REIT, which had also expressed an interest.

Capital & Regional shares fell 7. 5pc after Praxis' statement.

Capital & Regional had been looking for a buyer since May.

Attendance at Capital & Regional-owned shopping centres rose 1. 5% last year to 44. 5 million, the company said.

Russia's oil revenues fell to their lowest since February as oil prices slumped.

Russia's main crude, Urals crude, fell towards the $60 a barrel cap imposed by the G7 after Putin's decision to invade Ukraine.

Russian oil revenues hit seven-month low

Urals crude shipped from ports on Russia's Baltic coast traded at an average of $60. 12 on Friday, according to Argus Media data.

The price of the international indicators, Brent Kojiri Price, has fallen to the lowest level in the last three years, due to concerns about the United States and China's demand.

The pain for Kremlin is that the Oppec has decided to postpone the increase in the plan to increase the production plan until December, so Moscow must decrease in October and November in order to pump more crude oil that exceeds the target of the year. It's gone.

Brent crude oil was 1. 3 % lower than $ 71 per barrel, and US West Texas Interchange was 1. 4 % below $ 68 %.

A major British oil and gas producer stated that it would abandon investment in the North Sea unless Rachel Reeves withdrew the tax on the North Sea.

Jonathan Leak, the editor in charge of energy, tells the details:

We will abandon the North Sea unless Reeves reverses tax raid, says UK oil boss

Celica Energy, which produces 5 % of British gas and has 1, 000 employees, will not be able to invest in new investments, as the British Prime Minister has promised, if tax incentives are deprived. I mentioned.

Chris Cox, CEO, said in the company's latest financial statements that the development plan of the best gas, the best gas remaining in the UK, could end the development plan.

His warning is one of the many warnings for "excessive" taxation from the offshore industry, overlapping with the severe September threat to the British industry, which is reduced by 6, 000 employment in the petroleum refinement and the steel industry. 。

Cox stated in Celica's comments on the first half of the 2024 financial results. "How the capital allowance is determined by the fall budget is extremely important for our future projects in our portfolio, such as the Vun Horest Project and various Infile wells.

"It is certain that the allowance for capital investment has been fully maintained, the energy profit taxation (the light tax in front of the wind) has been abolished, and it is certain that it will be replaced with a lon g-term sustainable financial system by 2030 at the latest. Such an investment is extremely important for the future of investment in the gas category, not only for new mining districts, but also for the life line of the city throughout the United Kingdom. It is.

"Celica has spent more than £ 1 billion in British supply chains for the past five years, but if taxation is no longer economical, similar expenditures will be lost in the future.

Credit: Llumescripta/Istock Photo states that Rachel Reeves will abandon the North Sea unless Rachel Reeves withdraws the industry.

Prime Minister Keer Starmar argued that no boss would "knock on my door to destroy employees' rights," he said to defend his plan to work on malicious labor practices.

Rewriting the rules of the economy and pledging to build a new partnership between governments, companies, and workers, the Eastern Party refused to criticize his plan, which was called the French Calide.

Bosses do not want to rip up employee rights, Starmer tells TUC Congress

The Board of Directors (IOD) warns that the government's planned employment rights will reduce the possibility of hiring new workers.

In the latest official announcement, the unemployment rate between the ages of 18 and 24, which is important for customer service and retail, is the highest in the last three years.

In a speech in the TUC tournament since 2009, Lord Kia told the union that the business world has a "modification mood." He told the labor union:

Business leaders do not knock on my doors to destroy employee rights. They do not say that the problems they face are solved by coming for the union.

What they are looking for is lon g-term stability for fair tax system, high skills, and investment. And it accurately agrees with unions all over the country saying they are looking for me. < SPAN> Prime Minister Keer Starmar argued that no boss would "knock on my door to destroy the employee's rights," to defend his plan to work on malicious labor practices.

Rewriting the rules of the economy and pledging to build a new partnership between governments, companies, and workers, the Eastern Party refused to criticize his plan, which was called the French Calide.

The Board of Directors (IOD) warns that the government's planned employment rights will reduce the possibility of hiring new workers.