Search Results for: mining
Cyprus government mulling reduced VAT for basic necessities
April 21st, 2023
It is unclear how effective government machinations to reduce the VAT on necessary goods will be, following reports on Wednesday that authorities are looking to completely axe tax on items like bread, milk, and baby food. Commenting on the ...
Europe stocks lower with earnings season off to volatile start
April 21st, 2023
European stock markets are slightly lower on Friday after investors reacted sharply to corporate earnings. The pan-European Stoxx 600 was flat at the open before declining 0.22%, with major bourses narrowly in the red. Sectors were mostly lower, with ...
Online spending volume has expanded in the past few years
April 14th, 2022
Online spending volume has expanded in the past few years, with the value of digital payments worldwide expected to grow at a compound annual growth rate (CAGR) of 15% between 2021 and 2028. This includes both business-to-business (B2B) and ...
Cryptocurrency trading volume plunges
July 13th, 2021
Cryptocurrencies are in a summer slump as they navigate a two-month correction period following a string of negative stories. Trading volumes at the largest exchanges, including Coinbase, Kraken, Binance and Bitstamp, fell more than 40% in June, according to ...
Banking faces seismic changes
July 13th, 2021
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend which is due to continue. The ...
Inflation, asset and consumer prices
June 25th, 2021
“The Fed finds itself between a rock and a hard place: either it keeps inflating or the whole confidence-based valuation of financial assets collapses. Either it raises interest rates or the dollar collapses.” There has been occasional speculation ...
The Geopolitics of Gold
June 10th, 2021
A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies and massive future budget deficits undermining the dollar, by closing down derivative market activities new Basel ...
Bitcoin plunges 30%; Other cryptocurrencies also plunged
May 20th, 2021
Bitcoin plunged 30% to near $30,000 at one point on Wednesday, continuing a major sell-off in the cryptocurrency markets that began a week ago. The digital currency hit as low as $30,001.51 as the selling intensified Wednesday before paring ...
European stocks hit fresh record high
May 10th, 2021
European stocks extended a record-setting rally on Monday as optimism about the reopening of economies and easy monetary policy lifted cyclical sectors, including mining and financials. The pan-European STOXX 600 index rose 0.1% to hit a fresh all-time high ...
The global debt problem
April 15th, 2021
It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be treated with caution, and they probably underestimate financial sector debt. Furthermore, no allowance in ...
