Sweden

ECB Wants Digital Cash for Banks to Keep up With Bitcoin

3 months ago adcity Comments Off on ECB Wants Digital Cash for Banks to Keep up With Bitcoin
Economics While American central bankers are still just monitoring the risks bitcoin poses to the established banking system, their counterparts across the Atlantic are already preparing to compete with the popular cryptocurrency. A member of the European Central Bank (ECB) executive board has called on commercial banks to implement new solutions that, in his view, will Read More

A Swedish power plant is burning discarded H&M clothes for fuel

3 months ago adcity Comments Off on A Swedish power plant is burning discarded H&M clothes for fuel
A Swedish power plant that aims to eliminate the use of fossil fuels by 2020 has taken to burning recycled wood and garbage—including clothes from H&M’s central warehouse, as first reported on Swedish public television. “For us it’s a burnable material,” said Jens Neren, head of fuel supplies at Malarenergi AB, which owns and operates Read More