Profits of 5 Global Banks High Despite ECB Rate Cut
Introduction Despite the recent rate cut by the European Central Bank (ECB), the profits of five major global banks are expected to remain high, according to a report by Berenberg. This article explores the reasons behind this optimistic outlook, identifying...
Global Cryptocurrency Tax Pt. 2
After the crypto tax system in South Korea, US. and UK. in the first part of this article, here are the taxes in Switzerland, Germany, and Japan. Switzerland identifies cryptocurrency by the nature of cash or equivalent. Switzerland does not charge capital...
Cryptocurrency Advertisements Shut Out by Bing
Microsoft’s search engine platform, Bing, on January 25, 2019, said it had blocked more than 5 million cryptocurrency advertisements. Before Bing, it is important to note that Facebook and Google were the first companies to ban crypto ads last year....
Buy Now, Pay Later Boom: Aussie Fintech Afterpay Up 713%
Aussie Fintech Takes Flight: Afterpay Soars 713% on Buy Now, Pay Later Boom The Australian fintech (financial technology) sector is experiencing a meteoric rise, with Afterpay Ltd. leading the charge. This innovative company, known for its popular buy now, pay...
US Dollar Strength on Display: Can Other Currencies Compete?
The US dollar continued its winning streak in the forex market today, buoyed by a brighter outlook from American consumers. The Conference Board's Consumer Confidence Index defied expectations and climbed in March, indicating a more optimistic view of the US...
IMF Raised Global Economic Outlook This Year
The International Monetary Fund (IMF) slightly raised its global economic outlook for this year based on easing inflation this year and stronger-than-expected resilience in some economies, including the United States. In the World Economic Outlook (WEO) released on the 30th...
Eurozone Escapes Technical Recession
The eurozone (20 countries using the euro) managed to escape a "technical recession" in the fourth quarter of last year. According to Eurostat, an EU statistical body, on the 30th (local time), the eurozone's gross domestic product (GDP) growth rate...
Americans’ Inflation Expectations Are at Their Lowest Level
After a long period of gloom, Americans began to have a better outlook on inflation and the economy. This could sustain consumer spending, boost economic growth, and potentially affect President Joe Biden's political fate. The University of Michigan's measure of...
WEF: Global Economy Growth Might Weaken
According to the World Economic Forum (WEF), uncertainty in the global economy is expected to grow and growth power is expected to weaken this year. On the 15th (local time), the Davos Forum released a report titled "Senior Economist Outlook:...
Goldman Sachs Increases Loans
The Wall Street Journal (WSJ) reported on the 14th (local time) that Goldman Sachs, which has withdrawn from the retail finance business, is increasing loans to wealthy people. Goldman Sachs is expanding loans to individual asset owners who hold more...
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