The writer is chair of Rockefeller International Today commentators overwhelmingly agree that a weakening US dollar cannot possibly lose its status as the world’s dominant currency because there is “no alternative” on the visible horizon. Perhaps, but don’t tell that to the many countries racing to find an alternative, and such complacency will only accelerate their
admin
European governments have reacted with anger and dismay to comments by a Chinese diplomat questioning the legal status of former Soviet states and Ukraine’s sovereignty over Crimea. Estonia, Latvia and Lithuania, who regained their independence from the Soviet Union in the early 1990s, have said they will summon Chinese diplomats on Monday to complain about
The steady stream of European leaders visiting Beijing recently comes with a risk. Europe’s eagerness must make it look increasingly in China’s eyes like a demandeur — the party in diplomatic relations that cannot wait for the other to propose something, but has to come asking. But what exactly is Europe asking for? It is
Bitcoin proponents eyeing fiat failures are in no shortage of news on the topic as of late, as multiple officials, economists, authors, and analysts from around the world have been weighing in on “de-dollarization” in a prolific fashion. Author and libertarian Jeffrey Tucker said recently: “The dollar’s just not going to be king,” and Russia’s
The UK state-backed insurance scheme designed to help keep the live events sector going through the coronavirus pandemic paid out just one claim of £180,500, while generating almost £6mn in premiums, according to official data. The “live events reinsurance scheme”, which was set up in September 2021 and wound up a year later, paid out
The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Nvidia | via Reuters TipRanks is celebrating a decade of simplifying investment decisions through its data-driven research tools: Here is a list of the 10 best analysts on Wall Street. To come up with this list, TipRanks
Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place. $26,600 becomes popular BTC price target Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing. Up around 2.5% from the lows set the day prior, the pair
Officials have revealed that Ukraine intends to implement the crypto market rules approved by the European Parliament. While the government is already moving in that direction, the tax service has issued a clarification regarding the taxation of income resulting from cryptocurrency transactions. Ukraine Set to Incorporate EU Crypto Regulations Into National Law A regional leader
The US military evacuated embassy officials from the Sudanese capital of Khartoum on Saturday as nations moved to extract their citizens after a week of battles. Late on Saturday, the White House said it was temporarily suspending operations at its embassy in Sudan and had conducted an operation to remove US government personnel from Khartoum.
Reminiscent of Tamagotchi and Pokémon, the wildly popular digital pets and creatures of the 1990s, CryptoKitties is a blockchain-based game where players can collect, trade and breed digital virtual cats. CryptoKitties was the first Ethereum-based game, and its popularity underscored many of the network’s scaling issues. This digital cat-breeding blockchain game caused quite a bit
The platform developed for the digital ruble will be able to operate with different state-issued digital currencies, the Bank of Russia said. Mechanisms for interaction with digital coins minted by the central banks of other countries are already under development, the monetary authority unveiled. Digital Ruble Platform to Support Integration With Other CBDCs, Bank of
United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation. According to an April 22 Bloomberg Law report, the White House communications director Ben LaBolt will be barred from “participating in
“Hell opened its doors, now it’s war,” cried Osman Salih as he sheltered at a hospital north of Khartoum. He had just returned from a hair-raising journey to fill a bucket from the river Nile that flows through Sudan’s capital, which has run out of drinking water since fierce fighting erupted last weekend. “Tanks are
China’s largest bank is being sued by Dutch lender ING for losses suffered in a batch of copper deals in a case that highlights the risks of servicing the scandal-plagued world of commodity trading. Amsterdam-based ING is claiming $170mn in damages from Industrial and Commercial Bank of China, alleging it breached contract terms by releasing
It is a phenomenon that has become known as “the flattening”: tech companies which hired middle managers in droves during the pandemic boom are now slicing out the layer as they make mass job cuts. Meta in particular is following a trend set by Elon Musk, who wiped out scores of middle management roles as
Out of exasperation rather than expediency, Admiral Sir Tony Radakin, the head of Britain’s armed forces, keeps in his office a copy of JSP 752, the UK military’s expenses manual that runs to 747 pages, about twice as long as Hong Kong’s tax code. “He waves it at anyone who goes in . . . as an example of
Silicon Valley Bank’s new owner is “fighting” to repair its damaged brand, stem deposit outflows and stop dozens more bankers quitting to join rivals as it attempts to rebuild the US technology bank that collapsed last month, according to one of its top executives. “We are in the early days of getting them stabilised and
China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the biggest challenge to global financial stability,” according to the Chinese Ministry of Foreign Affairs. China Cautions About U.S. Economic and Financial Policies Wang Wenbin, a
Economist Peter Schiff has warned that a death blow is coming for the U.S. dollar and the USD will lose its global reserve currency status in this financial crisis. “People are still reluctant to call it a financial crisis, but that’s exactly what it is, except it’s bigger in scale and it’s going to be
Within the past few weeks, two rivalrous, chunky primers on the present and future of the global creator economy have landed in investors’ inboxes: one from Goldman Sachs, the other from Citigroup. Both are sublime examples of what happens when Generation X bankers try to quantify the financial opportunities for Generation Z of the offspring
Rich Dad Poor Dad author Robert Kiyosaki has shared why he loves bitcoin and when he began investing in the cryptocurrency. Expecting to see $100K per bitcoin, he emphasized that the crypto does not need the Fed or government bailout because it’s “people’s money.” Why Robert Kiyosaki Loves Bitcoin The author of Rich Dad Poor