The dollar declined slightly on Wednesday as traders weighed hopes for a swift economic recovery against concerns about a resurgence in the pandemic, especially in the United States. Demand for the greenback as a safe-haven lowered as oil prices eased on oversupply fears. However, risk sentiment was also undermined after Fed officials expressed concern that …
U.S. dollar fell Wednesday. How did other currencies fare? Read More »
Cocoa has enraptured the world. It has done so since the first Europeans arrived in America. Today, the commodity is in use not only in the production of sweets but also in some beauty products. Its consumption, which reaches 4.7 million tons a year worldwide, has continued to grow. Cocoa production reaches 4.8 million tons …
African cocoa laborers earn less than a dollar a day Read More »
The purpose of “Operation Warp Speed” is to boost access to vaccines and treatments. The U.S. government allocated hundreds of millions of dollars to achieve this goal. Most importantly, the government awarded $1.6 billion as part of this program to Novavax. Authorities are ready to do whatever it takes to cope with the coronavirus pandemic …
India is a huge country in terms of population as well as potential and it is hard to imagine such as a big country without robust local production. However, at the moment, farmers in India get only 25% of the final price of sold goods. However, thanks to increased efficiency through blockchain implementation, they will …
How to Improve Transparency Thanks to Blockchain Read More »
Riskier currencies rallied on Tuesday despite the surging coronavirus cases. Rapidly spreading infection is casting doubts over the global recovery. Still, the New Zealand dollar skyrocketed by 0.3% to a one-month high of $0.6580. Imre Speizer, the FX analyst at Westpac in Auckland, noting that it could reach $0.67 if sentiment holds. On the other …
Aussie dollar was steady. What about New Zealand dollar? Read More »
The U.S. dollar nursed losses on Tuesday, while riskier currencies added a little to their gains. Better-than-expected U.S. services boosted traders’ confidence in a global economic recovery from the coronavirus pandemic. The greenback hovered near a two-week low against a basket of currencies. Meanwhile, the Chinese yuan surged forward and briefly broke past the 7 …
U.S. dollar lowered as risk sentiment improved in market Read More »
On Tuesday, the European Commission which is the European Union’s (EU) executive arm made the decision to slash its 2020 and 2021 projections. It is not surprising as the coronavirus pandemic created a lot of problems for all members of the union. According to the latest information, the institution expects the 27-member region to contract …
EU Changed its Economic Forecasts for 2020 and 2021 Read More »
Postmates is the fourth-largest U.S. food delivery service. The company has had success in specific urban areas of Los Angeles and Miami. Nevertheless, Postmates has struggled to compete nationally against DoorDash, GrubHub as well as Uber Eats. It is worth mentioning that, Uber eventually became the owner of its rival. Nevertheless, even after this deal, …
Uber Bought Postmates for $2.65 Billion in Stock Read More »
The Japanese yen declined against most major currencies on Monday. Gains in Asian share prices encouraged some risk-on trades, causing the Japanese yen’s downfall. The currency tumbled down by 0.5% against the euro to 121.56. The Japanese yen also declined roughly by 0.5% against the Australian and New Zealand dollars. However, analysts stated that …
Japanese Yen fell on Monday while Chinese Yuan soared Read More »
Travala.com continues to expand its services. Last year, the crypto travel platform reached an agreement with Booking.com. As a result, Travala.com added more than 90,000 clients to its platform. Thanks to this cooperation, the revenue of Travala.com in the last month of 2019 increased by 33%. This data once more shows that Travala.com made the …
The U.S. dollar traded steady against most currencies on Monday. Investors expected new data to show the U.S. services sector stopped contracting. That would further lift hopes for economic recovery from the pandemic. The dollar climbed up to 107.68 yen on Monday after gaining 0.3% last week. However, the dollar dipped to 0.9432 against the …
U.S. dollar edged up slightly. What about the Yen and Yuan? Read More »
The crypto industry continues to develop thanks to various projects. An American online travel shopping company Expedia Group partnered with crypto travel platform Travala.com. Thanks to their cooperation, customers have the opportunity to book more than 700,000 accommodations with cryptocurrency through the crypto travel platform. Based on the information provided by Travala.com, the firm added …
Airlines around the world are working hard to adapt to the new reality. However, for some of them, it is hard to adjust to this everchanging environment. This is not surprising, as governments implemented travel restrictions. As a result, companies lost a lot of money. Hopefully, authorities will have already removed some of the restrictions. …
Aeromexico Files for Bankruptcy Protection in the U.S. Read More »
Silver mining production increased by 2% in 2015. This year, the silver mining supply was led by Mexico and Peru. Here are the Top 10 silver mining countries: Mexico Peru has the most significant silver mining reserves in the world. However, Mexico has been a leader in metal production. The country’s silver mining output increased by …
Top 10 silver mining countries and sources of demand Read More »
The Chinese yuan changed lower at 7.0732 per dollar in the offshore market on Friday. The Australian dollar was also steady at $0.6917 as analysts expect new data to show a swift rebound in retail sales in May. The New Zealand dollar traded at $0.6509. The U.S. continues to reprimand China for implementing Beijing’s new …
Chinese Yuan traded little changed despite rising tensions Read More »
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