Author: admin
Inflation, which had hit Europe's economy, eased again in February, falling to 2.6% as high interest rates, subdued oil and gas prices and slowing growth held back price increases. The European Union's statistics agency Eurostat said on Friday that the February figure for the 20 countries that use the euro currency compared with 2.8% in January. Inflation is now well below the peak of 10.6% hit in October 2022, after Russia cut most of its natural gas supplies and energy prices soared. However, recovery to the 2% inflation rate, the target set by the European Central Bank, is taking time.…
Eurozone inflation continued to ease in February, data showed on Friday, but economists warned they were unlikely to prompt the European Central Bank to cut interest rates next month.Consumer prices in the 20-nation single currency bloc rose 2.6% year-on-year in February, slowing from a 2.8% rise in January, according to the EU's statistics office. Analysts surveyed by Bloomberg and FactSet had expected inflation to fall to 2.5%. Eurozone inflation has steadily slowed since its peak in October 2022 and is moving closer to the ECB's 2% target. Advertisement – SCROLL TO CONTINUE The ECB has been under pressure to cut…
Lower inflation figures for the eurozone and its major economies will come as a relief to the ECB, which will make its next interest rate decision next week. advertisementInflation in the euro zone slowed to 2.6% in February compared to the same month last year, from 2.8% the previous month, but not as low as the 2.5% expected by analysts.Preliminary Eurostat estimates released on Friday show that consumer price inflation in the euro area is at its slowest level in three months, but remains below the European Central Bank's (ECB) target inflation rate of 2. %.Key components and trendsOf the…
The initial application period has already ended, and the number of applicants is the first indication of industry interest in Hong Kong's bid to become a global cryptocurrency hub with a new regulatory scheme, and the market is set to compete in this area. Some fear it will be too strict to maintain power. space.Tony Tong, co-founder and co-chairman of the Hong Kong Blockchain Association, said after speaking at The Economist Impact's Technology for Change Asia conference this week that “the SFC has very strong regulation. I think there are,” he said. “I think it's very good that so many…
Unlock Editor's Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.Inflation in the euro zone fell to 2.6% in February, but the figure was higher than economists expected as living costs for consumers continued to rise at a still high rate.The annual rate of increase in consumer prices in the 20 euro member countries slowed from 2.8% in January, data released by the EU's statistics office on Friday showed. The interest rate was slightly higher than the 2.5% forecast by economists polled by Reuters.The continued weakness in the cost of living for European consumers…
This article is an on-site version of the Disrupted Times newsletter.Sign up here to get our newsletter sent straight to your inbox three times a weekToday's top newsFirebrand left-wing politician George Galloway won the Rochdale by-election, claiming in his victory speech that it would be Starmer's “worst nightmare”.According to the International Energy Agency, global carbon dioxide emissions from energy reached a record high in 2023, reaching 37.4 billion tons.Germany and France have called for an international investigation into Israeli forces opening fire near an aid convoy, killing dozens of Gazans seeking humanitarian aid.Please visit our website for the latest news…
Want to jump straight to how to trade cryptocurrency? You can trade crypto on eToro (great for U.S. and Non-U.S traders), Plus500, Robinhood, Coinbase and Uphold!Many investors like to trade cryptocurrency because it’s an extremely volatile asset class. If you can time the market right, trading crypto can give you much higher returns than traditional investments. Of course this volatility also incurs significantly more risk than less volatile assets.Cryptocurrency traders often have one of two goals: to accumulate Bitcoin (BTC) and/or Ethereum (ETH) or make a profit in USD in a shorter time. In a crypto bull market, it’s pretty…
With the first application period now over, the number of applicants represents the first sign of industry interest in Hong Kong's efforts to become a global crypto hub with a new regulatory regime that some fear may be too strict for the sector to remain competitive.”I think the Hong Kong Securities Commission is very strict,” Tony Tong, co-founder and co-chairman of the Hong Kong Blockchain Association, said after speaking on a panel at the Economist Impact Technology for Change Asia conference this week. “I think it's very good that a lot of companies are coming in to apply for licenses,…
As cryptocurrency payments have become increasingly popular in recent years, many businesses are looking to open official business accounts to ensure they are on the right track. What better way to get started than with a Coinbase Business account, one of the most trusted cryptocurrency exchanges? Whatever your business objectives are, whether you want to accept cryptocurrency payments for goods and services through the Coinbase Commerce platform, invest in cryptocurrency, raise capital, or manage your business capital reserves with cryptocurrency, it all comes down to opening a Coinbase Business account. As you would expect, in today’s article, we’ll be walking…
Bitcoin is back in the headlines. Last week, it hit a two-year high, the U.S. Securities and Exchange Commission (SEC) approved the listing and trading of a specific Bitcoin ETF, and after a long slump, institutional investors and international banks are showing increased interest in the cryptocurrency.There is renewed enthusiasm for a puzzling financial product that is largely unexplained by traditional financial asset theory, and no new theoretical justification for the demand for Bitcoin and its astounding valuation.Regulators and economists have every reason to sound the alarm. The latest relevant notice was posted on the European Central Bank's (ECB) blog…