Author Archives
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Lagarde Downplays Recession Worries, Saying The ECB Is Ready To’move Faster’ On Interest Rates If Necessary
European Central Bank President Christine Lagarde downplayed fears of a eurozone recession on Tuesday, saying her staff is ready to raise rates more quickly if inflation continues to rise. The annual conference of central bank officials is taking place in… Read More ›
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Cathie Wood Of ARK Invest Believes The United States Is Already In A Recession
Cathie Wood, CEO of Ark Invest, stated on Tuesday that the United States is already in an economic slowdown, and she conceded that she overestimated the severity and long-term impact of inflation. “We think we are in a recession,” Wood… Read More ›
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European Fund Managers Are Going All In On ESG, According To A Poll
According to a PwC Luxembourg poll released on Monday, more than two-thirds of European asset managers and distributors are considering delaying the launch or distribution of products that do not meet environmental, social, and governance (ESG) requirements. Flows into ESG… Read More ›
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Despite Relaxing COVID Regulations, China’s Industrial Profits Fell Again In May
Profits for China’s industrial enterprises fell at a slower rate in May, following a dramatic drop in April, as activity in major manufacturing centres rebounded, while COVID-19 limitations continued to weigh on factory output and squeeze factory margins. Profits decreased… Read More ›
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Falling Price Of Copper Is Another Warning Of An Impending Recession
Some investors view copper prices as a leading indicator of the world economy. If you are one of them, you have reason to be concerned. What’s going on: On Thursday, copper prices fell to a 16-month low as traders unloaded… Read More ›
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Another ‘Algorithmic’ Stablecoin Has Gone Below The $1 Mark, But Experts Claim It Is Not ‘Terra 2.0’
A contentious stablecoin issued shortly before the demise of a similar cryptocurrency named terraUSD is battling to keep its peg to the US dollar. USDD, a “algorithmic” stablecoin that is supposed to always be worth $1, fell to as low… Read More ›
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McDonald’s Streamlines Franchise Policies In Order To Attract More Diverse Candidates
McDonald’s is changing how franchises are awarded in order to attract more diverse candidates, the latest adjustment in how the burger chain’s management controls its franchisees. Beginning in 2023, the fast-food behemoth will consider each potential new operator on an… Read More ›
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Another Significant Hack Has Resulted In The Theft Of $100 Million In Cryptocurrency
In the latest major crime in the world of decentralised finance, hackers took $100 million in cryptocurrencies from Horizon, a so-called blockchain bridge. The details of the attack are still sketchy, but Harmony, the creators behind Horizon, claimed Wednesday morning… Read More ›
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Germany Close To Imposing Gas Rationing
Following a decline in Russian supply, Germany has moved one step closer to gas rationing. According to Germany’s economy ministry, the government has activated the “alert” level of its emergency gas plan to deal with shortages. It is the latest… Read More ›
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Putin Claims That Russia Is Redirecting Trade To China And India
As the West strives to cut economic connections, Russian President Vladimir Putin said Wednesday that Russia is rerouting commerce to “trusted international partners” such as Brazil, India, China, and South Africa. “We are actively engaged in reorienting our trade flows… Read More ›
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