Recently, Bitcoin’s price witnessed a significant drop to around $57,000 apiece following the release of minutes from the U.S. Federal Reserve’s June meeting. The central bank’s indication that it is not yet ready to cut interest rates led to a bearish sentiment in the cryptocurrency market. This resulted in Bitcoin falling below the $57,000 mark
World
Hurricane Beryl, the strongest-ever hurricane in July, has wreaked havoc in the Caribbean, leaving a trail of destruction in its path. Not only has it set numerous records for its intensity and rapid development, but it has also highlighted the devastating impact of climate change on natural disasters. The tropical cyclone has shattered records by
Federal Reserve Chair Jerome Powell recently shared his satisfaction with the progress made in controlling inflation over the past year. He highlighted that inflation rates have been brought down close to the targeted 2%. Despite this progress, Powell emphasized the need for more sustainable movement towards the 2% goal before considering any interest rate cuts.
Facebook parent company Meta, formerly known as Facebook, is facing accusations from EU regulators for not complying with the bloc’s antitrust rules regarding its ad-supported social networking service. The European Commission has criticized Meta for offering a “pay or consent” model, where users are required to either pay for an ad-free experience on Meta’s platforms
As French voters prepare to cast their ballots in a snap parliamentary election, polls suggest that the far-right National Rally group could emerge as the largest party in the National Assembly. This scenario would mark a significant shift in French politics, with President Emmanuel Macron’s Renaissance party facing a tough challenge from the National Rally,
In the recent snap presidential elections in Iran, voter apathy was evident due to economic hardships and social restrictions. The turnout of around 40% fell short of expectations set by the clerical rulers of Iran. The two leading candidates, Massoud Pezeshkian and Saeed Jalili, are running a close race with Pezeshkian receiving over 5.9 million
The recent parliamentary election in France has already caused concern among investors due to the rising risk premium in the country. However, according to Citi, there are two possible scenarios that have not yet been fully priced in by the markets and could have a significant impact on stocks in the wider European region. Beata
Following the release of H&M’s second-quarter results, the company experienced a significant drop in share prices. The stock plummeted over 14% in response to the news, causing concern among investors. The company reported an operating profit that fell short of analyst expectations, leading to a lack of confidence in H&M’s ability to meet its targets
Despite the growing concerns surrounding U.S.-China relations and the overall business environment, a recent survey conducted by the China General Chamber of Commerce in the U.S. revealed that a majority of Chinese enterprises remain bullish on the market in the long term. The survey, which polled nearly 100 Chinese companies across various industries, found that
The remarks made by Chinese Premier Li Qiang at the World Economic Forum’s “Summer Davos” meeting in Dalian, China, highlighted the country’s advancements in technology while criticizing efforts to restrict global cooperation. His defense of China’s technological development comes at a time when tensions are rising with the EU over imports of Chinese electric cars.