Category: Economy
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Scholz Is Failing to Engineer a Liftoff for the German Economy
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Breadcrumbs Path Links PMN Business Germany’s inability to generate real growth is casting a shadow over the economy’s long-term prospects – and over the political hopes of Chancellor Olaf Scholz’s three ruling parties. Article author: Bloomberg News Marilyn Martin Published on July 28, 2024 • Read for 4 minutes You…
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Yellen says $3T needed annually to ensure shift to low-carbon global economy (NASDAQ:ICLN)
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GetYourPic/iStock via Getty Images US Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy will It requires $3 trillion in new capital every year. By 2050, which is far beyond current funding. Speaking in Brazil after a meeting with G20 finance ministers to discuss…
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Alby: A Hub For The Bitcoin And Lightning Economy
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Company Name: Alby Founders: Michael Bowman, Moritz Kaminsky, and Rene Aron Date of Establishment: Open source project founded in December 2020 / Company founded in March 2022 Headquarter Location: Fully remote control Amount of Bitcoin in the vault: Unavailable Number of Employees: 10 website: https://getalby.com/ Public or private? private Michael…
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Alby: A Hub For The Bitcoin And Lightning Economy
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Company Name: Alby Founders: Michael Bowman, Moritz Kaminsky, and Rene Aron Date of Establishment: Open source project founded in December 2020 / Company founded in March 2022 Headquarter Location: Fully remote control Amount of Bitcoin in the vault: Unavailable Number of Employees: 10 website: https://getalby.com/ Public or private? private Michael…
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AI could be the best long-term disinflationary force in a challenging global economy
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Inflation has come down from last year’s peak, but as the latest figures show, it’s still not as low as anyone would like. The Fed has also raised interest rates 11 times and kept them at 23-year highs. Will that be enough? Perhaps, but some economists say we’re in a…
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AI could be the best long-term disinflationary force in a challenging global economy
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Inflation has come down from last year’s peak, but as the latest figures show, it’s still not as low as anyone would like. The Fed has also raised interest rates 11 times and kept them at 23-year highs. Will that be enough? Perhaps, but some economists say we’re in a…
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Trump tariffs at 60% would slam China’s economy, UBS says
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Republican presidential candidate Donald Trump has said he could impose a 60% tariff on Chinese imports if he returns to the White House, and a new analysis predicts that would significantly slow the world’s second-largest economy and push it to the brink of recession. Given the effects of Trump’s tariffs…
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6 reasons why U.S. economy may not achieve soft landing: BCA By Investing.com
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BCA Research has identified six key reasons why the U.S. economy may struggle to achieve a soft landing, as explained in its latest note, “Cold Hard Facts: Positioning for an Economic Downturn.” Here are the six factors they believe could prevent a soft landing: 1. Consumer Drainage: The company notes…
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WSJ: China’s Economy Is in Trouble – Xi Jinping leaving long-running problems to fester
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The Wall Street Journal is closed but if you can get through it you will find that it paints a bleak picture of the Chinese economy: Growth is slowing and becoming increasingly unbalanced, supported by exports and a surge in factory investment, while much of the rest of the economy…
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Saudi Arabia Crown Prince’s Transformation Stress-tests Economy and Stretches Petrowealth
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Breadcrumbs Path Links PMN Business Saudi Arabia faces the most critical moment yet in the process of reinventing its economy. Article author: Bloomberg News Abeer Abu Omar Published on July 14, 2024 • Read for 5 minutes You can save this article by registering for free here. Or log in…
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GOP’s Vision For 2024: Bitcoin Mining And Self-Custody As Catalysts For US Economy
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In a major shift led by Republican lawmakers in the United States, led by former President Donald Trump, Pro-crypto stanceThere is growing support for Bitcoin (BTC) adoption. On Monday, a committee of the Republican National Committee approved a draft of the party’s 2024 platform that includes strong support for the…
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Interest rates be damned: 3 reasons JPMorgan’s commercial banking clients are optimistic about the U.S. economy
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Federal Reserve interest rates, which influence global lending rates, are higher than they have been in 23 years. But that’s not stopping JPMorgan Chase clients from feeling optimistic. In a survey of more than 100 founders and senior business leaders at companies generating up to $2 billion each, more than…
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US economy adds 206,000 jobs in June as labour market shows signs of cooling
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The U.S. economy added 206,000 jobs in June, indicating a slight slowdown in the labor market, according to the latest data from the Bureau of Labor Statistics. The figure was closely in line with economists’ expectations and represented a modest decline from the revised 218,000 jobs added in May. The…
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UK election-winner Starmer inherits weak economy with ‘no magic wand’ By Reuters
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By William Schomberg LONDON (Reuters) – Britain’s incoming prime minister, Keir Starmer, has spent his election campaign accusing Rishi Sunak’s Conservative Party of “14 years of economic failure” but has no clear quick fix to pull the country out of its slow growth rut. Living standards have stagnated since the…
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Video: Where to camp out in a cyclical slowdown and what AI will do to the economy
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I spoke with Andy Bell at BNNBloomberg yesterday for a wide-ranging interview about the state of global markets and what will happen in a cyclical downturn. I also touched on the disruption caused by artificial intelligence and why central bankers are wrong about inflation. Some highlights: Canadian Dollar and Interest…
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Fed’ Goolsbee: I see some warning signs the real economy is weakening
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Chance of ‘Roaring ’20s’ outcome for US economy growing By Investing.com
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Despite the slowdown in the US economy, UBS believes that the chance of a ‘Roaring Twenties’ outcome is already increasing. “The hype is getting a little louder,” the bank says, with longer-term trends still in line with their criteria for such a prosperous decade. These criteria include real GDP growth…
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Sheinbaum Picks Ebrard as Economy Chief, Sparking Peso Rally
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Breadcrumb links BMN Business Mexican President-elect Claudia Sheinbaum appointed former Foreign Minister Marcelo Ebrard to lead the country’s economy ministry, a move that eased pressure on the peso as traders welcomed a choice seen as more market-friendly than potential alternatives. Article writer: Bloomberg News Maya Averbuch and Michael O’Boyle Posted…
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New Petrobras CEO says president wants firm to boost national economy By Reuters
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RIO DE JANEIRO (Reuters) – Madja Chambrillard, CEO of Brazilian oil giant Petrobras, said the country’s president has asked her to work to boost the country’s economy while maintaining the oil company’s profitability. Chamberillard, who took over as the state-run company’s top CEO after President Luiz Inacio Lula da Silva…
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Lightning Is the Common Language of the Bitcoin Economy
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One of the best parts about running Breez is the diverse group of people I get to meet and work with. We have partners from Jamaicathe United States of America, Switzerland, Germany, Canada, EstoniaAnd who knows where else. We have users in Finland, Wales, Namibia, IndiaAnd almost everywhere else. The…