Category: Business

Climate activists targeted 15 Amazon depots across Europe on “Black Friday” and the world’s biggest e-commerce company also faced protests by workers and delivery drivers in Germany, France, and Italy. Amazon, based in Seattle, is facing criticism from climate activists who say excessive consumption harms the environment while an alliance of trade unions say the company does not pay workers enough nor enough tax to governments. “Black Friday epitomises an obsession with overconsumption that is not consistent with a liveable planet,” the Extinction Rebellion group said after blocking 13 Amazon…

Norway’s revenues from oil and gas production hit a record high this year and are showing no signs of slowing down.While Norway is a major supporter of clean energies, it is also a firm believer that the energy transition can only be achieved by using the profits from oil and gas production. The future is bright for Norway’s energy giant Equinor, which will be able to take advantage of growing energy demand and play a leading role in the coming energy transition. Norway’s oil and gas production is at an…

The directors general of Sweden’s Financial Supervisory Authority and Environmental Protection Agency have called upon both the EU and Sweden’s government to ban cryptocurrency mining. Since China banned Bitcoin ,wannabe get-rich-quick artists have been looking for somewhere else to squander squillions of megawatt-hours minting imaginary internet money. Cheap hydroelectric power makes the Nordics tempting, with Sweden alone using 1TWh on it last year, but they would rather keep it for other uses than ransoming encrypted files and buying illegal drugs. Some will doubtless call that selfish and short-sighted of them….

The plunge occurred at 7:34 a.m. New York time, according to Binance’s website The price of Bitcoin appeared to rapidly — and only temporarily — plunge about 87% on Binance’s U.S. exchange Thursday morning, sinking to as low as $8,200 from around $65,000. The price did nothing like that on other venues, and on Binance the level almost immediately snapped back to where it had been. The plunge occurred at 7:34 a.m. New York time, according to Binance’s website. Volume on the exchange in that minute was 592.8 Bitcoins, which…

Norway’s central bank raised its benchmark interest rate on Thursday and said it expects to hike again in December, as it joins a short but growing list of nations moving away from emergency-level borrowing costs. Norges Bank’s monetary policy committee raised the sight deposit rate to 0.25% from a record low of zero, as forecast unanimously in a Reuters poll of analysts and in line with the central bank’s own plan. “There is a strong recovery in the Norwegian economy,” Norges Bank Governor Oeystein Olsen told a news conference. “It’s…