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Economy

UK Cash Crisis Looms: ATMs Dry Up as Banks Slash Access

QuickPost News | March 8, 2025 | London LONDON—Britain’s cash lifeline is snapping—ATMs are vanishing, banks are bolting branches, and millions face a cashless nightmare as 2025 kicks off with a financial gut punch. With 500 ATMs axed in Q1 and 200 bank closures since...

Bangladesh Economy Teeters as Swiss Aid Cut Fuels Downward Spiral

QuickPost News | March 4, 2025 | Dhaka DHAKA—Bangladesh’s economy faced a fresh blow this week as Switzerland suspended its humanitarian aid package, a move that threatens to exacerbate an already dire financial situation. The decision, confirmed Monday by the Swiss Agency for Development and...

Bitcoin Plunges as Fold’s Nasdaq Flop Sparks Panic

QuickPost News | March 4, 2025 Bitcoin took a nosedive Tuesday, shedding 8% in hours, after Fold—the crypto rewards app that debuted on Nasdaq last month—saw its stock crater 15%. The app, armed with 1,000 BTC, was hailed as a fintech darling, but its shaky...

Eurozone Inflation Drops below Zero as Prices Fall by 0.1%

QuickPost News | Brussels BRUSSELS—Eurozone inflation slipped below zero in February 2025, with consumer prices falling 0.1% year-on-year, Eurostat reported Tuesday, marking the region’s first deflationary dip since mid-2021. Driven by a 7.8% plunge in energy costs and stagnant demand, the price drop has reignited fears...

Bank Closures Taking their Toll on Businesses Across Greece

QuickPost News | Athens ATHENS—Greek businesses are buckling under the strain of a second wave of bank closures this week, as a cash-strapped government shutters 30 branches of Piraeus Bank and Alpha Bank amid a €2 billion bailout shortfall. The move, announced Monday by the Bank...

European Markets Close Lower as Oil Slides Again

LONDON—European stock markets took a nosedive on Tuesday, closing sharply lower as oil prices hit a six-month low, sparking widespread sell-offs and fueling fears of an economic slowdown. The STOXX 600 index plunged 2.14% to 551.07—its worst day since August 2024—while major indices like...