Bitcoin galloped past $45,000 on Tuesday, for the first time since April 2022, as the world’s biggest cryptocurrency started the new year with a bang, buoyed by optimism around the possible approval of exchange-traded spot bitcoin funds. Bitcoin touched a 21-month peak of $45,922, having gained 156 per cent last year in its strongest yearly performance since 2020. It was last up 3.1pc at $45,50
The first half of FY24 ended on a dismal note for the petroleum sector due to a 15 per cent drop in sales of petroleum products to 7.686 million tonnes from nine million tonnes in the same period last fiscal year. Petrol sales posted a drop of 7pc to 3.57m tonnes during the July-December period from 3.83m tonnes in the same period of FY23 despite a price drop to Rs267.34 from Rs331.38 per litre
Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to China’s BYD. Tesla delivered 484,507 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed over — mostly in China — suggesting that car buyers were looking
Turkiye’s annual inflation rate approached 65 per cent in December, reaching a new high for 2023 and putting the country on course to meet an expected peak of 70-75pc in May. President Recep Tayyip Erdogan’s new team of market-friendly economists expects inflation to start falling from near-record highs within four months. The rate reached a decades-long high of 85pc in October of 2022 and then
The agriculture and food exports jumped by 64 per cent during the first half of the current fiscal year, helping the country to narrow down its trade deficit. The official data showed the country’s total agriculture and food exports reached $3.847 billion during July-December 2023-24 against $2.345bn in the same period last year, an increase of $1.502bn in absolute terms. The overall merchan