The first cryptocurrency actually acts as an alternative to gold for the younger generation. Blockchain revolution is inevitable, but some governments may outlaw it. This was stated by billionaire Ray Dalio, writes Forklog. In an interview with MarketWatch, the founder of Bridgewater Associates urged not to keep only cash, which is “eaten up by inflation,” […]

The Hong Kong Stock Exchange will allow specialized mergers and acquisitions companies (SPACs) to list securities on its floor from January 1, 2022, according to the exchange’s new rules published on Friday. These companies will be subject to rules similar to the requirements for initial public offerings (IPOs). A number of investors and investment banks […]

Chinese Internet giant Alibaba Group Holding Ltd. plans to achieve carbon neutrality in its own operations by 2030. In addition, Alibaba aims to cut its supply chain emissions in half by the same time, Chief Executive Officer Daniel Zhang said. Among the steps Alibaba plans to take to implement its plan are increased use of […]

US bank Goldman Sachs has again worsened its growth forecast for the US economy in the wake of Democratic Senator Joe Manchin’s statement that he would not support US President Joe Biden’s proposed $2 trillion spending plan. “The Build Back Better initiative was already in the balance, and in light of Manchin’s comments, we are […]

The World Economic Forum (WEF) in Davos, scheduled for January 17-21, 2022, will be postponed until early summer due to the uncertainty caused by the spread of the new COVID-19 strain “omicron.” “In the current context of the coronavirus pandemic, global face-to-face events are exceptionally challenging,” the WEF said in a statement. – “Although strict […]

Joachim Nagel will become the new president of the Bundesbank, succeeding Jens Weidmann, German Finance Minister Christian Lindner said today on his Twitter account. “Chancellor Olaf Scholz and I are nominating Joachim Nagel to head the Bundesbank,” Lindner wrote. “Given the risks of inflation, the importance of a stability-oriented monetary policy is growing … He […]

French bank BNP Paribas has reached an agreement with Canada’s Bank of Montreal (BMO) to sell its U.S. unit Bank of the West for $16.3 billion, BNP Paribas said in a statement. The deal is expected to be finalized during 2022, with the banks needing regulatory approval. The agreement will provide a one-time capital increase […]

In 2021, the cryptocurrency industry attracted venture capital investments of $30 billion, Bloomberg writes. This is more than was invested for all the years of the sector’s existence. How the market has changed Previously, 2018 was considered a record year, for which the crypto industry attracted about $8 billion of investment. Blockchain Capital general partner […]

Ilon Musk, who was recently named Time magazine’s man of the year, tweeted that he would pay $11 billion in taxes. Previously, the billionaire was accused of evading their payment. Bloomberg reports that Musk will pay such a huge sum after he used almost 15 million options and sold Tesla shares, buying them at $6 […]

The number of reported cases of COVID-19 coronavirus infection in the world rose to 276 million 243 thousand 89 as of Wednesday morning, data from the American Johns Hopkins University showed. Since the virus began spreading, 5 million 369,175 people have died worldwide after contracting COVID-19. Countries with more than 20 million cases of COVID-19 […]

The global bond market shows negative dynamics this year. The result may reach a 22-year low. About it writes the Financial Times. The index of debt securities record fallThe index of debt securities Barclays, which includes issues of government and corporate bonds of different countries, since the beginning of 2021 shows negative dynamics – 4.8%. […]

The European Commission (EC) has approved the deal on the purchase of American Microsoft Corp. company Nuance Communications Inc. specializing in voice recognition for $16 billion. The European regulator approved the deal without any conditions. The EC said in a statement that the deal between Microsoft and Nuance will not reduce competition and does not […]

If you want to know how long the current energy crisis will last, just look at the European natural gas market, Bloomberg writes. Forward prices have nearly doubled in the past month, and traders expect the shortage to last until early 2023. Gas will be expensive even in hot weather – prices have topped $113 […]

The amount of credit card debt owed by Americans rose by $17 billion in the third quarter of 2021, according to the latest data from the Federal Reserve Bank of New York. The figure continued to rise rapidly in the fourth quarter amid the holiday season. Debt levels are expected to increase by $70 billion […]