Russia’s Putin says crypto has ‘worth’ — however perhaps not for buying and selling oil

Russia's Putin says crypto has 'worth' — however perhaps not for buying and selling oil

[ad_1] Russian President Vladimir Putin delivers a speech in the course of the Russian Power Week occasion on October 13, 2021 in Moscow, Russia. Mikhail Svetlov | Getty Pictures Russian President Vladimir Putin thinks cryptocurrencies have worth — however he is not satisfied they will exchange the U.S. greenback in settling oil trades. Some months … Read more

Singapore’s economic system grows 6.5% on yr within the third quarter, lacking estimates

Singapore's economic system grows 6.5% on yr within the third quarter, lacking estimates

[ad_1] A bicycle owner rides on Esplanade bridge as buildings stand within the Central Enterprise District in Singapore on Monday, July 6, 2020. Wei Leng Tay | Bloomberg | Getty Photos SINGAPORE — Singapore’s economic system grew 6.5% within the third quarter of 2021 in comparison with a yr in the past, official advance estimates … Read more

IMF cuts its international progress forecast, citing provide disruptions and the pandemic

IMF cuts its international progress forecast, citing provide disruptions and the pandemic

[ad_1] A person passes by a poster of the annual World Financial institution Group and Worldwide Financial Fund conferences October 11, 2021 in Washington, DC. Alex Wong | Getty Photographs Information | Getty Photographs The Worldwide Financial Fund is now much less optimistic concerning the international economic system for 2021, however nonetheless sees cheap progress … Read more

‘This isn’t 1973’: Economist guidelines out ‘stagflation’ and protracted worth pressures

'This isn't 1973': Economist guidelines out 'stagflation' and protracted worth pressures

[ad_1] Fuel costs are seen after U.S. shopper costs surged in April, with a measure of underlying inflation blowing previous the Federal Reserve’s 2% goal, in Beverly Hills, California, June 2, 2021. Lucy Nicholson | Reuters Inflation expectations are nonetheless being pushed by a “non permanent spate of provide points” and there’s no signal of … Read more

Bitcoin and ether slide as China intensifies crackdown on cryptocurrencies

Bitcoin and ether slide as China intensifies crackdown on cryptocurrencies

[ad_1] Bitcoin and ether tumbled Friday, with merchants rattled by robust speak out of China. The value of bitcoin fell about 5% to $42,496.12, in line with Coin Metrics information. Ether, the second-largest digital foreign money, dropped 7% to $2,921.53. It comes after the Folks’s Financial institution of China said in a Q&A that all … Read more