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The International Monetary Fund (IMF) has cut its growth forecast for the euro zone this year, as the continuing impact of the energy crisis and weak consumer demand raise concerns about the monetary union's economic resilience. in report The IMF, released on Tuesday (January 30), predicted that the euro area would grow by just 0.9% in 2024, 0.3 percentage points lower than its October forecast. The downgrade was mainly due to revised growth forecasts for the Eurozone's two largest economies, with Germany and France going from 0.9% to 0.5% and 1.3% to 1.0%, respectively. It was lowered. This negative revision…
Unlock Editor's Digest for freeFT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter.Inflation in the euro zone slowed to 2.8% in January, but the decline in the underlying price index was smaller than economists expected after accounting for more volatile energy and food costs.Headline inflation in the euro zone has fallen again after briefly rising to 2.9% in December, confirming investor expectations that the European Central Bank could cut interest rates as early as this spring. become.But the unchanged rate of growth in prices for labor-intensive services could prompt a cautious approach from some ECB rate-setters,…
JAKARTA – Monero (XMR) is one of the cryptocurrencies best known for its privacy features. Monero allows the identity of the sender, receiver and the number of transactions to be hidden on the blockchain, making it difficult to be traced by unauthorized third parties.Monero is a cryptocurrency that was launched in 2014 as a result of a fork from Bytecoin, the first cryptocurrency to use the CryptoNote protocol. Monero also uses a proof-of-work algorithm called RandomX, which is designed to prevent mining using specialized hardware such as ASICs.The goal is to keep the Monero network decentralized and fair. Additionally, Monero…
Europe is home to many languages, diverse geographies, and different cultures. And it's also where, until recently, almost every country had its own currency. The arrival of a common currency in 1999 changed everything. Currently, 344 million citizens of 20 of the 27 EU member countries use the euro, making it the second most used international currency in the world after the US dollar. Masu. One of the purposes of the euro is to simplify cross-border payment transfers between euro area member states. This will be achieved using a system called “Target 2” (T2), which settles private sector interbank transactions…
As crypto networks and protocols mature, market participants will be provided with reliable, real-time, on-chain data on cash flows, active users, user retention, value lock, trading volumes, and developers across a growing set of crypto protocols and crypto protocols. You can now understand the activities of application.This has led to the emergence of new ways to research and invest in crypto assets by leveraging fundamental analysis (i.e., measuring the value of a stock by examining relevant economic and financial factors) . If the past is any indication of the future, we should expect the cryptocurrency market to mature in the…
madrid: Spain and Portugal will outperform major European countries in 2023, helping to avoid last year's euro zone recession, official data showed on Tuesday (30 January). Spain's economy expanded by 2.5% last year as the country's main tourism sector recovered strongly from years of disruption caused by the pandemic, according to preliminary data from national statistics agency INE. Neighboring Portugal, which has also experienced a recovery in tourism, accelerated its gross domestic product (GDP) growth at the end of last year, with the economy growing by 2.3%. In contrast, sales in France increased by 0.9% and in Italy by 0.7%.…
Pre-Budget 2024 Live Updates: When Finance Minister Nirmala Sitharaman announced the much-awaited Indian Budget 2024 on February 1, expectations rose across various sectors including crypto, finance, and technology. In a unique development, India's crypto community has recently been pushing for changes to crypto tax regulations on social media with the hashtag #ReduceCryptoTax.Despite persistent appeals over the past two years, the government has yet to reconsider these laws, raising concerns that they could hinder the growth of cryptocurrencies and cause a talent exodus. The crypto sector has called on social media for a more flexible tax regime, a reduction in tax…
recently, National Bureau of Investigation The Finnish National Police Agency (NBI) has announced that it has discovered a way to track cryptocurrencies. Monerois known for its privacy. However, the currency's privacy enthusiasts rejected the authorities' claims, stressing that Monero remains untraceable. Let's find out more below. Cryptoprivacy controversy: Monero’s resistance to traceability in Finland As expected, Finland's law enforcement agency, the National Bureau of Investigation (NBI), recently announced that it had discovered a way to identify individuals using the cryptocurrency Monero (XMR). launder money. This statement was made in connection with the following incident. Julius Alexanteli Kivimaki He is suspected…
Updates ahead of Budget 2024: The much-awaited Indian Budget 2024, announced by Finance Minister Nirmala Sitharaman on February 1, has generated excitement across sectors including cryptocurrency, finance and technology. In a unique development, the Indian cryptocurrency community has recently taken to social media with the hashtag #ReduceCryptoTax, calling for changes to the tax regime for cryptocurrencies. Despite persistent appeals over the past two years, the government has yet to review these laws, raising concerns that they may stifle the growth of cryptocurrencies and cause a talent drain. The crypto industry has taken to social media to demand more flexible tax…
This week's economic calendar is also busy, with the Federal Reserve's interest rate decision set to determine the direction of future rate cuts. Additionally, the crypto market has been recovering recently, but will this week's economic events halt that progress? The biggest event on this week's economic calendar is the U.S. central bank's interest rate policy meeting on January 31st. Impact on interest rates The Consumer Confidence Report is scheduled to be released on Tuesday, January 30th, and is expected to improve slightly from last month. Because consumer spending accounts for about 70% of economic activity in the United States,…