Raiffeisen Bank’s chief economist, Fredy Hasenmaile, has issued a warning about the challenging situation facing the Swiss economy. He predicts that the country’s economic growth will be sluggish in the coming year, citing the persistent strength of the Swiss franc as the main factor. This is particularly impacting the traditional manufacturing industry and exacerbating the […]
The European Central Bank (ECB) is currently grappling with the task of tackling inflation and needs to take swift action to reduce its inflated balance sheet. In comparison to the US Federal Reserve and the Bank of England, the ECB has expanded its balance sheet significantly more in relation to economic output. This surplus liquidity […]
Siemens Energy, a subsidiary of the German conglomerate Siemens, has secured a guarantee package of 15 billion euros from the German government and private banks. The package includes a 7.5 billion euro guarantee from the government and 12 billion euros in guarantees from private banks. The guarantees will help support Siemens Energy in its operations. […]
Argentina has elected Javier Milei as its new president, a significant victory for the staunch libertarian who is a strong supporter of Bitcoin. Milei defeated his opponent, Economy Minister Sergio Massa, with nearly 60% of the votes. This victory is notable as Massa had won the first round of elections in October. Milei’s victory has […]
In a historic moment for Argentina and the crypto community, the country has elected its first-ever pro-Bitcoin President. Javier Milei, a right-wing libertarian and Bitcoin advocate, secured a significant victory in the presidential election, winning almost 56% of the votes. Milei’s victory marks the beginning of a new era in Argentina, as he aims to […]
The rapid increase in interest rates poses a risk of financial accidents, as seen with the crisis of American regional banks and the collapse of Swiss bank Credit Suisse. Despite the quick rise in interest rates, there haven’t been as many accidents as expected. Experts are surprised by this and believe that decision-makers, like Jerome […]
Music streaming service Spotify has announced a profitable third quarter in 2023, attributing its success to a surge in user numbers and a price increase. The company reported a profit of 65 million euros, a significant improvement from the 166 million euro loss during the same period last year. Spotify experienced a growth of 6 […]
A recent report by Coinbase sheds light on the disillusionment of younger generations, namely Gen Z and Millennials, with the traditional American dream and financial system. These young Americans are increasingly open to unconventional paths to financial independence, such as cryptocurrency, as they find the American dream less attainable due to factors like high housing […]
Linklogis, a supply chain finance technology company based in the Greater Bay Area in China, has been recognized for its achievements in the industry. Established in Shenzhen in 2016, the company has expanded its operations internationally and has recently entered the Vietnamese market through a joint venture with Standard Chartered. In 2019, Linklogis launched the […]
The US government’s spending exceeded its revenues by over a trillion dollars in the last fiscal year, according to the Congressional Budget Office (CBO) report. The budget deficit for the 2023 fiscal year reached $1.7 trillion, $300 billion more than the previous year. The government spent $6.131 trillion while generating $4.441 trillion in taxes and […]
