China has long been home to more than half of the bitcoin miners globally. However, now, Beijing wants them to leave as soon as possible. In May of this year, the government called for a severe crackdown on the mining and trading of Bitcoin. As a result, it set off an event called the “Mining …
China dismisses the bitcoin miners: where will they end up? Read More »
On June 15, the U.K. and Australia announced a free trade deal. The British government hailed it as an essential step in building new trade relationships following its exit from the E.U. According to the U.K. government, the free trade agreement suggests it will cost less for British businesses to sell products such as cars, …
A contract for a five-year ceasefire in a U.S. and E.U. debate over aircraft support on Tuesday had achieved progress. However, the underlying trade relationship remains delicate, with many unresolved conflicts, diplomats and trade experts stated. The two economic powers allowed to set aside tariffs on $11.5 billion in U.S. and E.U. goods run during …
Downside risk plays an important role in every investor’s life, as it is an estimation of a security’s potential loss in value if the market conditions precipitate in that security’s price. Depending on the measure used, it explains the worst outcome for investment as well as indicates how much the investor stands to lose. Interestingly, …
Google announced today that its Workspace services are now available to everyone for free. The service was formerly known as G Suite. Now it is presented with several new capabilities. This powerful online tool aims to enable deeper collaboration between users. Workspace hosts secure, high-quality video meetings. It uses the same Google productivity apps like …
US stock futures increased ahead of retail sales data and producer prices, suggesting whether recent inflationary pressures will remain. S&P 500 futures increased by 0.2%, and the Dow Jones futures gained 0.2%. The expected meeting of the Federal Reserve takes on a greater significance after the latest inflation in the US. Several macroeconomic indicators will …
US stock futures rose ahead of the economic data Read More »
The oil market closed with little changes yesterday, with ICE Brent eking out a modest gain. Despite it looking increasingly doubtful, we will see the US re-join the Iranian nuclear deal before the Iranian Presidential Elections following this week. While Iran has stated a general agreement with the US on raising sanctions, some issues need …
The U.S. dollar edged higher to a one-month high versus a basket of currencies on June 15. Inflation data helped to boost the world’s reserve currency. The greenback kept firm as another hot reading on inflation overshadowed a chilly consumer price index. Another factor also helped the greenback. Traders are waiting for the Federal Reserve’s …
U.S. Dollar Strengthened its Position Against Main Rivals Read More »
Oil prices settled primarily unchanged on Monday, after scoring their highest levels in more than two years. Rising U.S. crude production and Britain’s slowed coronavirus reopening discouraged expectations for fuel demand growth and tighter supplies. The market responded negatively to a U.S. Energy Information Administration (EIA) estimate that shale oil production, which values more than …
Google declared that it had developed AI software that can design computer chips faster than humans. On Wednesday, the company’s researchers published a new paper in Nature. They stated that an edge graph convolutional neural network architecture learned how to create the physical layout. As a result, it allows artificial agents to perform chip design, …
The Group of 20 economies witnessed gross domestic product return to pre-COVID levels in the first quarter of the year. However, with large differences emerging between nations. According to the latest data from the Organization for Economic Cooperation and Development published Thursday, GDP of the G-20 area increased by 0.8% in the first quarter, compared with …
G-20 GDP returns to pre-COVID level, recovering 3.4% YoY Read More »
The Chinese firm Didi, one of the largest private transport companies globally, presented the documents for its IPO in New York on Thursday. It could obtain a valuation of more than $70 billion by some estimates. Didi is something like the Chinese equivalent of Uber. According to analysts, it may become one of the biggest …
Chinese transport giant Didi prepares to go public in NY Read More »
Markets digested the high U.S. inflation number and moved on- leaving the world’s reserve currency under pressure as well as most majors stuck in ranges. Early in the Asia session, the dollar nursed small losses, as traders figured there were enough one-offs in May’s 0.6% rise in consumer prices to support the central bank’s position …
Crude oil prices trimmed higher Thursday, supported by continued confidence by a group of top producers in growing oil demand in the second half of the year. By 9:35 AM ET (1335 GMT), U.S. crude was higher 0.8% at $70.53 a barrel, extending to the firm after finishing over $70 earlier this week for the …
The Bitcoin Mining Council (BMC) made its official debut on Thursday. They gathered as the debate over the amount of energy used by cryptocurrencies became increasingly intense. The Bitcoin Mining Council describes itself as a volunteer and open forum for Bitcoin miners dedicated to the network and its core principles. According to its official website, …
BMC makes debut as crypto mining energy usage gets intense Read More »
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