Category: Global
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UK at ‘massive global disadvantage’ over tourist tax, retail bosses warn Rachel Reeves
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Retailers have called on Chancellor Rachel Reeves to scrap the so-called “tourist tax”, warning that Britain is losing billions in economic growth as tourists choose to shop elsewhere in Europe. In a letter signed by more than 300 chief executives, including leaders from John Lewis, British Airways, Fortnum & Mason…
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Charting the Global Economy: ECB Lowers Rates as Inflation Wanes
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Breadcrumb links BMN Business The European Central Bank has cut interest rates for the third time this year as a rapid decline in inflation allows policymakers to provide support to the region’s faltering economy. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted on October 19, 2024 • 3…
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Global Market Weekly Recap: October 14 – 18, 2024
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Typical market correlations appear to have been out of sync throughout the week, with asset classes driven more by individual catalysts than broad market themes. However, some risk-off reactions were seen due to the lackluster reaction to China’s stimulus announcement at the beginning of the week and ongoing geopolitical tensions.…
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Global Adoption Of Stablecoins Leaves US In The Dust—Report
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Adoption of stablecoins by US-based consumers is facing a problem Slowdown in 2024 Even as there is increased activity in Bitcoin which rose in popularity after the launch of Bitcoin exchange-traded funds. The chart below shows a decline in transactions made by US-regulated platforms in just under a year. This…
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Global Adoption Of Stablecoins Leaves US In The Dust—Report
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Adoption of stablecoins by US-based consumers is facing a problem Slowdown in 2024 Even as there is increased activity in Bitcoin which rose in popularity after the launch of Bitcoin exchange-traded funds. The chart below shows a decline in transactions made by US-regulated platforms in just under a year. This…
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Bitcoin Trades Below Global Prices In South Korea, Erasing Long-Standing ‘Kimchi Premium’
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This article is also available in Spanish. Bitcoin (BTC) is trading slightly lower in South Korea compared to global cryptocurrency markets due to a reverse “kimchi premium,” which has not been seen. since October 2023. Reverse ‘Kimchi Premium’ Makes Bitcoin Cheaper in South Korea According to A a report By…
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Thousands of UK Boeing jobs at risk as manufacturer plans global cuts
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More than 4,000 Boeing employees in the UK face uncertainty, as the US aerospace giant prepares to cut 17,000 jobs globally, nearly 10% of its workforce. Boeing’s UK operations, including its only European manufacturing facility in Sheffield, may be affected by significant job cuts, as the company faces financial challenges.…
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ECB Is Set to Deepen Global Easing With Rate Cut It Didn’t Expect
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Breadcrumb Trail Links PMN Business The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago. Author of the article: Bloomberg News Craig Stirling Published Oct 12, 2024 • …
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ECB Is Set to Deepen Global Easing With Rate Cut It Didn’t Expect
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Breadcrumb Trail Links PMN Business The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago. Author of the article: Bloomberg News Craig Stirling Published Oct 12, 2024 • …
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Adam Neumann invests in Israeli real estate co Canada Global
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US residential real estate company Flow, controlled by Adam Neumann and US venture capital firm Andreessen Horowitz, has been allocated 30% of the shares of income-producing Israeli real estate company Canada Global (TASE: CNGL), controlled by Israel Canada (TASE: ISCN). Controlling shareholders Assaf Toshmir and Barak Rosen. Neumann, who founded…
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Analysis-Dollar bears eye shifts in global yields, growth to play further weakness By Reuters
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Written by Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders gauging how to play with further declines in the U.S. dollar are looking to the relative strength of economies around the world, as interest rate shifts from global central banks rattle currency markets. The index fell 4.8% against a basket…
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Global Market Weekly Recap: September 30 – October 4, 2024
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Geopolitical headlines took center stage most days of the week, driving crude oil prices and even impacting overall market sentiment. Investors appeared concerned about infection risks and restrictions on oil production caused by worsening tensions in the Middle East, which led to a flight to safe havens such as gold…
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UBS sees limited USD gains amid global events By Investing.com
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Growth-supporting currencies have struggled recently, but upcoming economic data and central bank meetings are expected to cap further gains in the US dollar, UBS noted while providing insight into recent currency market movements. UBS’s observation came after the US dollar (DXY index) rebounded after failing to break the 100 level.…
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Bank of England says global asset prices remain ‘stretched’ By Reuters
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By David Milliken and Suban Abdullah LONDON (Reuters) – Global asset prices remain under pressure and are vulnerable to a significant decline as investors become more concerned about geopolitical risks, the Bank of England said on Wednesday. The Bank of England said overall risks to British financial stability were unchanged…
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Bank of England says global asset prices remain ‘stretched’ By Reuters
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By David Milliken and Suban Abdullah LONDON (Reuters) – Global asset prices remain under pressure and are vulnerable to a significant decline as investors become more concerned about geopolitical risks, the Bank of England said on Wednesday. The Bank of England said overall risks to British financial stability were unchanged…
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Vivek: Unsurprisingly, The Bitcoin Price Follows Global Liquidity
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What we read: Bitcoin: a measure of global liquidity I’m fascinated by the dramatic increase in global liquidity during 2024, driven by widespread money printing and debt expansion, and how this affects the price of Bitcoin. Bitcoin is an expression against the government’s expansionary monetary policies, so its price follows…
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Vivek: Unsurprisingly, The Bitcoin Price Follows Global Liquidity
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What we read: Bitcoin: a measure of global liquidity I’m fascinated by the dramatic increase in global liquidity during 2024, driven by widespread money printing and debt expansion, and how this affects the price of Bitcoin. Bitcoin is an expression against the government’s expansionary monetary policies, so its price follows…
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European shares defy global slump amid Mideast tensions, energy stocks jump By Reuters
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Written by Pranav Kashyap (Reuters) – European stocks rose on Wednesday, led by gains in energy and defense shares, defying declines in Asia and Wall Street after an Iranian missile attack on Israel exacerbated fears of a broader regional conflict. The European index rose 0.3 percent to 522.37 points. The…
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ICYMI – J.P. Morgan Global Manufacturing PMI signals contraction for 3rd consecutive month
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The JPMorgan/S&P Global Market Global Manufacturing PMI was published Tuesday night, reaching 48.8 in September. Output, new orders, employment and inventories of purchases declined, contributing to the contraction. Suppliers’ delivery times were the only element that made a positive contribution. Manufacturing output fell for the first time in 2024 due…