Business

Volkswagen faces EU fine for missing 2020 emissions targets

Volkswagen faces a fine of more than 100 million euros ($121 million) for missing EU targets on carbon dioxide (CO2) emissions from its 2020 passenger car fleet, the world’s largest carmaker said on Thursday. It cut average CO2 emissions in the fleet in the European Union by around 20% to 99.8 g/km, but that was […]

Business

When to trade bitcoin? When Saturn crosses Mercury, of course

Bitcoin seems so flighty, some might argue you may as well consult a crystal ball, read the runes or stare at the stars to divine the direction of the capricious cryptocurrency. Enter Maren Altman, bitcoin investor and astrologer. The New Yorker has been following the movements of celestial objects to predict bitcoin price fluctuations since […]

Business

BlackRock CEO says U.S. must roll out vaccines aggressively

The best measure of success for the new U.S. government of President Joe Biden will be the speed at which it rolls out COVID-19 vaccines, BlackRock Chief Executive Larry Fink said on Thursday. Speaking at online event organized by a business forum linked to Italy’s G20 presidency, Fink said he was confident the new administration […]

Business

Sequoia Holdings says employees can draw part of salary in cryptocurrencies

Software development services provider Sequoia Holdings LLC said on Thursday its employees can now receive a part of their salary in cryptocurrencies, should they choose to. Under the new program, employees can elect to defer a portion of their salary into bitcoin, bitcoin cash, or the Ethereum platform’s ether, Sequoia Holdings said. Earlier this month, […]

Business

Biden appoints U.S. consumer watchdog veteran as acting director after Trump appointee resigns

The White House announced President Joe Biden would appoint Dave Uejio to run the Consumer Financial Protection Bureau (CFPB) on an acting basis after its director, Kathy Kraninger, resigned at the new administration’s request. Uejio, whose appointment was announced late Wednesday, will run the watchdog agency pending Senate confirmation of Federal Trade Commission member Rohit […]

Business

Kinder Morgan beats estimates, flags concerns on spending by shale producers

Pipeline operator Kinder Morgan Inc on Wednesday raised concerns over the pace of ramp-up in spending in top U.S. shale basins following a rebound in oil prices after beating Wall Street estimates for quarterly results. Oil prices are now hovering around $55 a barrel on vaccine rollouts, and in the week to Jan. 15, U.S. […]