Tuesday, 11 May 2021 07:46 AM MYT
Ethereum has soared this year, fuelled by the boom in DeFi, which are platforms that facilitate crypto-denominated lending outside traditional banking. Many DeFi applications are embedded in the ethereum blockchain. Picture by Omar Marques / SOPA Images/Sipa USA via Reuters
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NEW YORK, May 11 Cryptocurrency ethereum climbed to a new peak for a third straight day yesterday on continued optimism about further growth in decentralised finance or “DeFi”, although some analysts said it was overvalued at current levels.
Ethereum has soared this year, fuelled by the boom in DeFi, which are platforms that facilitate crypto-denominated lending outside traditional banking. Many DeFi applications are embedded in the ethereum blockchain.
High Court approves survival scheme for troubled airline group Norwegian
The group, the court heard had accumulated debts of US$5.2Bn. By Aodhan O Faolain Thursday 22 Apr 2021, 7:15 PM 3 hours ago 8,045 Views 2 Comments
Image: Omar Marques/PA
Image: Omar Marques/PA
THE HIGH COURT has approved a survival plan for the troubled Norwegian Air airline and related companies.
In a written decision Justice Michael Quinn said he was satisfied to approve the scheme put together by the airline’s examiner Kieran Wallace of KPMG.
The airline’s Oslo-based parent company and several of its Irish registered subsidiaries had sought the protection of the Irish courts due to factors including the devastating impact that the Covid-19 pandemic has had on the airline industry and international travel.
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COVID-19 pandemic tears through Eastern Europe, making it one of the worst global hot spots
Hungary, Poland and neighbouring countries are struggling to keep variants under control as governments face criticism for mixed messages and inconsistent lockdowns Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
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Bernadett Szabo/Reuters
The pandemic in Eastern Europe has never been worse.
The region went through the first wave, a year ago, with relatively minor damage compared with Western Europe. But the second and third waves have proved much crueller, with ICUs in some countries, including Hungary and Poland, near breaking point.
European countries scramble to tamp down latest COVID-19 surge msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.