Category: Global
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Bitcoin 2.0? Craig Wright’s TerraNode Pitches A Global Payment Future For BTC
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An Australian entrepreneur could become a major contributor to Bitcoin’s future by turning the currency into a tool that will drive economic inclusion around the world. Craig Wright It is looking to build a global payment system based on cryptocurrency, turning Bitcoin into a means of international transactions. Harnessing Bitcoin…
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Bitcoin 2.0? Craig Wright’s TerraNode Pitches A Global Payment Future For BTC
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An Australian entrepreneur could become a major contributor to Bitcoin’s future by turning the currency into a tool that will drive economic inclusion around the world. Craig Wright It is looking to build a global payment system based on cryptocurrency, turning Bitcoin into a means of international transactions. Harnessing Bitcoin…
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Bitcoin 2.0? Craig Wright’s TerraNode Pitches A Global Payment Future For BTC
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An Australian entrepreneur could become a major contributor to Bitcoin’s future by turning the currency into a tool that will drive economic inclusion around the world. Craig Wright It is looking to build a global payment system based on cryptocurrency, turning Bitcoin into a means of international transactions. Harnessing Bitcoin…
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How collaboration, AI, and finance can bridge the Global North-South clean energy gap
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The International Energy Agency’s recent finding that investment in clean energy in 2024 will be double that in hydrocarbon projects comes with both good and bad news. The good news is that investment in clean energy is expected to exceed US$2 trillion for the first time ever, but unfortunately, most…
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Global Market Weekly Recap: October 28 – November 1, 2024
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Market correlations were chaos for most of the week, with stocks and commodities moving according to their individual catalysts. Geopolitical tensions were still at the forefront, although OPEC+ updates and US inventory data also pushed crude oil prices. Meanwhile, gold and Bitcoin rose to all-time highs, while the US dollar…
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VanEck Sees Bitcoin As Key Global Reserve Asset, Projecting $3 Million Price Tag By 2050
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This article is also available in Spanish. As Bitcoin rebounds from its brief correction and approaches the $70,000 mark, Matthew Siegel, head of digital asset research at asset manager and exchange-traded cryptocurrency issuer VanEck, shared his thoughts on the potential path for the cryptocurrency in light of the upcoming US…
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Week Ahead in FX (Oct. 28 – Nov. 1): Global GDP and Inflation Reports, Plus BOJ and U.S. Jobs Updates
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With a full slate of GDP, inflation, and central bank updates, markets are bracing for a whirlwind of economic insights this week. With the Bank of Japan, global data and US jobs numbers coming in, traders will be studying each report for clues about future interest rate paths and growth…
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Indonesian forests pay the price for the growing global biomass energy demand
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Breadcrumb links PMN BMN Business Article writer: Associated Press Victoria Milko Posted on October 26, 2024 • Last updated 4 hours ago • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content JAKARTA, Indonesia (AP) —…
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Global Market Weekly Recap: October 21 – 25, 2024
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This week’s market action highlighted the tug of war between rising US Treasury yields and safe-haven flows, as investors digested mixed economic data, inflation, geopolitical concerns and uncertainties related to the US and Japanese elections. While gold and the dollar moved in tandem with geopolitical tensions and Fed forecast changes,…
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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…