UK government must give direct support to manufacturing, says Make UK By Reuters


© Reuters. FILE PHOTO: Workers are seen on the production line at Nissan’s car plant in Sunderland Britain

LONDON (Reuters) – Britain’s government should provide direct support to strategic manufacturing sectors and companies, particularly in aerospace, automotive and steel production, to help them through the coronavirus crisis, trade body Make UK said on Monday.

Make UK said as Britain moved into the recovery phase, the government should adopt a “more radical approach” to protect those sectors and companies by ensuring firms are able to access capital to service debt.

“These companies are in key strategic sectors for the UK internationally and provide substantial numbers of highly skilled jobs across the UK and down through their supply chains,” said Make UK Chief Executive Stephen Phipson.

“Many are also in regions which would suffer disproportionate economic harm if they did not survive. Government should therefore intervene directly to provide support and ensure their survival,” Phipson said in a statement.

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Hodler’s Digest, May 25–31 By Cointelegraph


Goldman Scandal, BTC Bull Trap Fears, How Libra Will Make Money: Hodler’s Digest, May 25–31

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.

One of the world’s biggest investment banks caused a stink this week when it declared cryptocurrencies are not an asset class. In a leaked PowerPoint presentation, Goldman Sachs (NYSE:) warned doesn’t provide diversification benefits, dampen volatility in a portfolio or show evidence of hedging inflation. One damning line read: “We believe that a security whose appreciation is primarily dependent on whether someone else is willing to pay a higher price for it is not a suitable investment for our clients.” Goldman’s view is directly at odds with Michael Bloomberg, whose financial reform plan unequivocally called BTC an asset class. As you’d expect, the crypto community reacted furiously. D-TAP Capital founder Dan Tapeiro argued Goldman Sachs was simply worried about protecting revenues, as it doesn’t make fees when a client buys BTC. Tyler Winklevoss also criticized the quality of Goldman’s research, writing: “Crypto used to be where you ended up when you couldn’t make it on Wall Street […] Today, Wall Street is where you end up when you can’t make it in crypto.”

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Trading Bitcoin Vs. BTC Futures — Which Is Best for You? By Cointelegraph


Trading Bitcoin Vs. BTC Futures — Which Is Best for You?

There’s an increasing number of exchanges offering futures contracts trading. So far there’s Binance, FTX, Bitfinex, Bybit, and Kraken, to name just a few. Volumes are also picking up across the board and it appears that retail traders are growing more interested in experimenting with these complex instruments.

As recently reported by Cointelegraph, there are multiple benefits to using futures trading. Traders using them can hedge and maintain peace of mind during periods of high volatility. Futures contracts can be used to reduce risk and leverage bets when the appropriate strategies are deployed.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Regulator and Industry Coordination Key to Swift Implementation By Cointelegraph


Advancing Policy: Regulator and Industry Coordination Key to Swift Implementation

“Coming together is a beginning, staying together is progress, and working together is success” — the words of Henry Ford give expression to the spirit of collaboration that defines human progress. His ethos around unity extends to many societal strands, including endeavors of profit, community initiatives and far-reaching government policies. When navigating uncharted territory, such as the handling of technological innovation from a regulatory perspective, different stakeholder groups must resist the urge to remain siloed in their strategies and lean into Ford’s vision for shared success.

The art of enacting legislation requires strong cooperation and delicate management of stakeholder interests, with external forces invariably impacting implementation efforts. We must prioritize substance over speed, as opposed to rushed policy action that doesn’t thoroughly take into consideration the needs of industry, relevant sector groups or citizens. The variables that can be controlled by regulators, however, should be.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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BTC, BNB, XLM, XMR, TRX By Cointelegraph


Top 5 Cryptocurrencies to Watch This Week: BTC, BNB, XLM, XMR, TRX

Although the (BTC) halving generated a lot of interest proceeding the event, it has failed to kickstart a trending move after completion of the event. This suggests in hindsight that the event was priced in.

However, the top-ranked cryptocurrency on CoinMarketCap has not given up much ground following the event, which suggests that traders who purchased before halving are confident that the path of least resistance is to the upside.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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John McAfee Calls His Own 1$M Bitcoin Price Prediction ‘Nonsense’ By Cointelegraph


John McAfee Calls His Own 1$M Bitcoin Price Prediction ‘Nonsense’

John McAfee, an eccentric cryptocurrency advocate and British-American entrepreneur, in a tweet called his own previous prediction of price hitting $1 million a total “nonsense” adding that people who believed his “absurd” forecast should “wake up”.

McAfee used the whole North America continent GDP as a comparison reference to explain why his call was just a joke, stating that: ..

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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For the Blockchain Industry, the COVID-19 Clock Is Ticking By Cointelegraph


For the Blockchain Industry, the COVID-19 Clock Is Ticking

Blockchains reached a feverish level of hype following the ICO mania of 2017.

Peddled as the panacea to the world’s ills, many of such promises ill-intentioned, initial coin offerings raised enormous sums of funds within minutes as the public’s focus shifted to the wild world of cryptocurrencies. Once the hype faded, the emerging narrative surrounded enterprise blockchains and the vast potential of the nascent technology to lead businesses into the next generation of the internet.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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German ministry proposes 5 billion euro car bonus scheme -sources By Reuters


© Reuters. 70 Years of Social Market Economy festivities with Chancellor Angela Merkel

By Markus Wacket

FRANKFURT (Reuters) – Germany’s Ministry of Economics has proposed a 5 billion euro ($5.6 billion) buyer bonus scheme as part of an impending stimulus package in an effort to boost car sales, two people close to the matter said on Sunday.

Global car sales have slumped as production lines and showrooms shut in response to the coronavirus pandemic and a business sentiment survey by the Ifo institute this month showed the German auto sector at its lowest ebb since 1991.

The heads of the co-governing Social Democrats (SPD) and Angela Merkel’s Christian Democrats (CDU) are expected to present the overall stimulus package on Tuesday, which could total up to 80 billion euros, according to one media report.

The economy ministry’s proposal is for purchase premiums to be paid to buyers of electric vehicles and conventionally powered cars worth less than 77,350 euros each, with the scheme expiring at the end of the year, the sources said.

The ministry declined to comment.

The plans foresee a basic premium of 2,500 euros per car, which would be topped up by 500 euros for fuel-efficient vehicles. Existing incentive programs would be increased by 1,500 euros for electric cars and 750 euros for hybrids.

A slew of policymakers and industry groups have spoken out against premiums for car purchases, arguing that the stimulus program should adhere to climate change policies and not favor a single industry.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Mexican broadcaster Televisa to launch mobile phone service, challenging Slim By Reuters


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© Reuters. FILE PHOTO: JFK Presidential Library celebrates the 50th anniversary of the Moon landing

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By Julia Love

MEXICO CITY (Reuters) – Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim’s America Movil (NYSE:), which has long dominated the country’s telecommunications market.

Rather than building infrastructure, Televisa will operate as a mobile virtual network operator, or MVNO, and begin by offering service to existing customers of its cable and home internet packages, sold under its Izzi brand. The broadcaster will rent space on Mexico’s wholesale telecom network, operated by Altan Redes.

Televisa originally planned to roll out the service in September, Izzi Chief Executive Salvi Folch said in an interview. But as cases of the coronavirus began climbing, executives sensed the economic turmoil stemming from the virus would create more demand for low-price phone packages and will now launch the service on Monday.

“The pandemic made us accelerate our plans,” Folch said. “People will have to spend less on some services. … We view it as an opportunity.”

Televisa follows in the footsteps of U.S. cable companies such as Comcast Corp (NASDAQ:) and Charter Communications Inc (NASDAQ:) that have ventured into the mobile market as MVNOs in recent years.

Mexico has long fought to promote competition in telecommunications, even passing a constitutional reform in 2013 aimed at loosening Slim’s grip on the market. Yet global telecoms titans such as AT&T and Telefonica (NYSE:) have failed to meaningfully erode Slim’s market share and America Movil still holds about two-thirds of mobile phone lines, according to statistics from Mexican telecom regulator IFT.

Some telecom experts argue the key to boosting competition is to pit America Movil and Televisa, the king of Mexican broadcasting, against each other.

Televisa’s cellular service will be priced at 250 pesos a month per line with unlimited data, about 80% cheaper than comparable packages from America Movil, the broadcaster said. The company will offer the phone plans to roughly 3 million households in 17 Mexican cities.

Televisa may consider expanding the service beyond its own clients in the future, Folch said, but starting with existing customers enabled the company to capitalize on economies of scale. The broadcaster will also save by directing customers to purchase phones from other vendors, rather than financing devices.

Televisa has struggled in recent years as broadcasters worldwide grapple with declining viewership. The new offering will strengthen the company’s telecom units, which have become its biggest moneymaker, driving close to 70% of net sales in the first quarter.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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Embraer negotiating $600 million bank financing for exports By Reuters


© Reuters. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos

RIO DE JANEIRO (Reuters) – Brazilian planemaker Embraer SA (SA:), the world’s third largest commercial jet builder, should obtain $600 million in credit lines from Brazil’s state development bank BNDES and private banks in June, government sources said on Sunday.

The loans will finance production to meet demand for passenger planes and executive jets, they said speaking on condition they were not named.

A spokesman for Embraer confirmed that the company is in talks on financing proposals from the BNDES and private bank in Brazil and abroad to aimed mainly at providing working capital to cover plane exports.

Embraer said it has firm orders for the years ahead worth $16 billion on March 31.

“This shows how sound and balanced the company is in the midst of the crisis hitting the aviation sector,” one of the sources said.

“No one knows what the future holds in store for commercial aviation, but with less people flying it could well be an era of smaller planes and private aircraft,” the source added, pointing to Embraer’s forte as a leading maker of regional jets.

The Brazilian government has been negotiating a financial bailout for Brazil’s airlines to help them cope with the dramatic loss of business during the coronavirus pandemic.

The bailout involving BNDES should be decided by the start of July, and Embraer could receive some $400 million of that aid package that is expected to include bond issues, the sources said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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