The yen rose against the U.S. dollar recently. The greenback reached a five-month low versus the Japanese currency, last trading lower by 0.7% at 106.81. Meanwhile, China reported a rise in new infections on Thursday. Italy closed its schools and restricted the rules to prevent the disease. California also declared a state of emergency as …
Yen gained against the U.S. Dollar, while Sterling soared Read More »
Investors, as well as analysts, are working around the clock to collect information regarding the economic impact. Unfortunately, the situation is quite difficult, based on several sources. It won’t be easy to mitigate the problems caused by the virus outbreak, especially when it comes to stocks. Moreover, the S&P Global Ratings downgraded its economic outlook …
Crypto-related crimes are rising, and companies should pay more attention to this threat. Moreover, not only individuals but even countries started to use such methods to steal money. One example of how the government turned to crypto comes from the most isolated country in the world. It is not hard to guess the name of …
Coronavirus outbreak continues to dominate the headlines. Global markets fell on Friday due to the ongoing situation. According to Bank of America, coronavirus crash wiped about $9 trillion off stocks as of Thursday. On March 6, the Nikkei 225 dropped 2.72% to close at 20,749.75. Shares of index heavyweight and conglomerate Softbank Group declined 6.07%. …
The first South African bank, which issued policy toward the funding of thermal coal mining and power projects, has become Standard Bank Group, Africa’s biggest bank by assets. The policy pressures financial institutions to cut lending to fossil fuel projects. These projects generate a massive amount of carbon emissions, which is contributing to global warming. …
Africa’s biggest bank issues funding policy on coal projects Read More »
North Korea is the most isolated country in the world, and it retains this status for decades. Recently, the U.S. Department of Justice charged two Chinese nationals. According to the U.S. authorities, Tian Yinyin and Li Jiadong allegedly conspired with North Korean state-sponsored hackers to steal more than $100 million worth of cryptocurrency. Crimes related …
Department of Justice, North Korea, and Crypto Crimes Read More »
On Thursday, the largest independent regional airline in Europe, Flybe, filed for administration and ceased all operations. Falling demand, as well as the coronavirus outbreak, dealt the final blow to the carrier. It is worth mentioning that Flybe grounded all flights as it enters administration. Moreover, the once-thriving carrier informed the passengers; it does not …
Europe’s Largest Regional Airline Flybe Ceased to Exist Read More »
The U.S. dollar declined on Thursday after the short rebound on Wednesday. The traders expect that the Federal Reserve will cut interest rates further, which caused the currency’s downfall. The Fed has already cut rates by 50 basis points this week in an emergency move to save the economy from the effects of coronavirus. The …
U.S. dollar falls after the short rebound. What about Yen? Read More »
Now full-fledged remake of the legendary Half-Life game, Black Mesa, was just published on Steam Early Access. Developer Crowbar Collective launched its first version with updates the game with smarter enemies, new levels, and outstanding detail. The game has long been playable as a mod for Half-Life 2 in 2012, which earned massively positive reviews. …
Half-Life Fan Project Black Mesa, Released on Steam Read More »
The euro dropped by 0.31% at $1.1136 on Wednesday after its recent rally. According to Stephen Innes, the chief market strategist at AxiCorp, the ECB’s imminent cut caused the currency’s downfall. Forex markets in the eurozone are pricing a 90% chance that the European Central Bank will cut its deposit rate, now minus 0.50%, by …
Euro fell after the last weeks’ rally; The U.S. dollar soars Read More »
Ongoing virus outbreak created additional pressure on the stocks around the world. Two days ago, the International Monetary Fund (IMF) made an important announcement. The IMF allocated $50 billion to tackle the impact of the coronavirus. The IMF plans to provide financial support for low-income and emerging market countries. International organizations should join forces to …
Global Stocks and the Battle to Counter the Outbreak Read More »
Crypto regulations are one of the most debated topics as there is no unique approach when it comes to cryptocurrencies. Nevertheless, the crypto industry continues to evolve, and the topic of crypto regulations will become even more important in the future. One example of how to deal with cryptocurrencies comes from South Korea, one of …
The U.S. dollar increased again after the turbulent last weeks. Before it rose against a basket of currencies on Wednesday, the dollar fell to an eight-week low after the U.S. Federal Reserve cut an emergency interest rate in the previous session. However, the dollar index increased by 0.24% at 97.365. It lowered to its weakest …
The U.S. dollar gains after eight-week low while Euro falls Read More »
Recently, the parliament of South Korea passed a new amendment. As a result, digital assets are entirely legal in the East Asian country. The National Assembly amended the act on Reporting and Use of Specific Financial Information. The country’s parliament approved a landmark cryptocurrency bill. Thus, cryptocurrency trading is now entirely into the legal system …
The world’s second-largest economy is struggling to deal with the coronavirus outbreak. Moreover, China’s economy could plunge into its first contraction in decades. Last month, companies had to cope with various problems. They struggled to reopen their factories, shops, etc. Furthermore, it was hard to hire workers as Chinese authorities-imposed travel restrictions and closed factories …
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