Economy

The People’s Bank of China has asked banks and payment companies to ban crypto trading and mining operations in the country. The cryptocurrency market in China has come under heavy pressure in recent weeks, and the government is now working harder to crack down on…

OSLO (Reuters) – Norwegian budget airline Norwegian Air has appointed its chief financial officer Geir Karlsen as new chief executive with immediate effect, succeeding Jacob Schram, it announced on Monday. “Karlsen has successfully led the financial reconstruction of Norwegian and has the competencies, focus, trust…

Meanwhile, Bitcoin declined towards the support at $32,000 amid strong sell-off in crypto markets. Traders Buy Stocks After Sell-Off S&P 500 futures are gaining ground in premarket trading as traders rush to buy stocks after the recent sell-off. The yield of 10-year Treasuries has recently…

(Reuters) – IKEA Foundation, the charitable arm of the world’s biggest furniture retailer, and the Rockefeller Foundation said on Monday they plan to set up a $1-billion fund to support renewable energy programs in developing nations. The fund, which will be launched this year, aims…

MELBOURNE/TOKYO (Reuters) -Oil prices fell for a second straight session on Friday as the U.S. dollar soared on the prospect of interest rate hikes in the United States, but they were on track to finish the week little changed and only slightly off multi-year highs.…

SHANGHAI (Reuters) – Asian shares extended losses and the dollar crept up to near two-month highs on Friday after the U.S. Federal Reserve this week projected higher interest rates in 2023. While the Fed indicated no clear end to supportive policy measures such as bond…

The Crypto economy is continuously changing the face of humanity for the better as NFTs (Non- Fungible Tokens) a new asset class fast becomes the next big buzz among collectors and investors. NFTs are a form of a Crypto asset like bitcoin, only that they…

Is the Fed moving too quickly? Can the equity markets handle a Fed taper without the tantrum? What about inflation? Yesterday’s FOMC statement creates more questions than answers. So, we now know that the Fed expects to hike interest rates in 2023. That could be…

Bank of England Governor Andrew Bailey has warned that central bank digital currencies risk attracting cybercriminals and money launderers. Central bank digital currencies (CBDCs) are becoming increasingly popular globally, and the Bank of England Governor warned that they could attract money launders and cybercriminals. CBDCs…

While inflation figures provided EUR support, trade data for the Eurozone failed to impress, leading to a pullback from current day highs… It was a busier morning on the economic calendar, with finalized inflation figures for France, Germany, and Italy in focus. Trade data from…