Category: Business

The Sippd app uses AI to help drinkers find wines they’d really like Artificial intelligence (AI) can’t taste or smell – at least not yet – but it’s now increasingly helping people buy a decent bottle of wine. Blake Hershey says the inspiration for his AI-based wine recommendation app Sippd came from his wife. One...

The cryptocurrency market is currently experiencing a short-term uptrend, mainly driven by Bitcoin (BTC), which recently hit a new 2023 high above $30,000. As a result of this rally in Bitcoin, the leading cryptocurrency has regained 50% market dominance, prompting investors to turn their attention to other digital assets that may also join the rally....

The prospect of a new battery factory in Northumberland has suffered a setback after Britishvolt’s buyer was raided by Australian police. Investigators went to the offices of Scale Facilitation and SaniteX, owned by Australian entrepreneur David Collard, over alleged tax fraud. Recharge Industries, a subsidiary of Scale Facilitation, bought Britishvolt this year after it collapsed....

Bloomberg Senior Macro Strategist Mike McGlone has warned that Bitcoin could be further down, despite BlackRock’s recent filing for a Bitcoin Exchange Traded Fund (ETF) boosting the price of BTC. In the latest monthly report shared on Friday, McGlone highlighted the potential challenges bitcoin could face, including a possible bear market in stocks and the...

Shares in Siemens Energy, one of the world’s biggest wind turbine makers, plunged 30 percent on Friday after the company warned it may have to spend more than 1 billion euros to fix a series of technical faults. As a result of mounting challenges in its wind turbine business, Siemens Energy cut its profit forecast...

Ahead of this week’s shock rate rise, BBC News spoke to dozens of people facing unimaginable rises in mortgage costs. There is no shortage of volunteers who tell their stories. “My monthly mortgage payments have increased by £270 a month.” “It’s scary. Petrifying.” “A few hundred pounds.” “I don’t sleep well at night. I’m upset....

US Treasuries were under selling pressure on Thursday as the Federal Reserve chairman warned that interest rates would need to rise further for inflation to slow to its 2 percent target. The yield on two-year government bonds, which is sensitive to changes in interest rate expectations, rose as much as 0.1 percentage point to 4.8%,...

LONDON — The ‘Tory mortgage penalty’, a high-profile banker or Vladimir Putin – take your pick on who is to blame for Britain’s growing economic crisis. Britain’s ruling Conservative Party is increasingly nervous in the face of persistently high inflation, which on Thursday prompted the Bank of England to raise interest rates for the 13th...

Mike Powell says homeowners need to make their biggest financial decisions of a decade in minutes Homeowners due to renew their mortgages are given just 20 minutes to make a decision or risk losing deals, according to a broker. Many lenders are pulling deals off the market this week ahead of an expected rate hike....

LONDON — Christopher Kane, one of London’s most famous and talented designers, has gone into administration and put up a for sale sign, the company confirmed on Wednesday. The company said the board of Christopher Kane Ltd. has recently decided to file a notice of intention to appoint FTS Recovery as administrators to work out...