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Fiscal policy of easy money sends public debt snowballing

Fiscal policy of easy money sends public debt snowballing

The pandemic-induced crisis magnified the global public debt by $24 trillion throughout 2020. So, the debt of all countries swelled to the all-time high of $281 trillion that represents 355% of the global GDP.   Last year, governments accumulated debts to a greater degree than they did during the global financial crisis of 2008/09.
12:25 2021-03-01 UTC+00
Oldest American bank to roll out services for digital assets

Oldest American bank to roll out services for digital assets

Bank of New York Mellon, the pioneer of the US banking industry, is launching services with crypto assets. One of the world’s largest banks will be the first depositary bank to begin financing bitcoin and other digital currencies.
10:58 2021-03-01 UTC+00
Gold slides amid global economic recovery

Gold slides amid global economic recovery

The better the global economic condition is, the lower gold prices fall. The precious metal, like other safe-haven assets, began losing its investment attractiveness amid rising business sentiment.At the moment, despite the existing problems, the virus-induced crisis is settling down.
10:51 2021-03-01 UTC+00
Bill Gates gets rid of Alibaba shares

Bill Gates gets rid of Alibaba shares

Alibaba’s chief executive, Jack Ma, is going through a rough time. Not long ago, he dared to criticize the authoritarian Chinese government. For the brilliant businessman, this step seemed quite unwise. Having made sharp remarks about the financial regulator and the ruling party's policies, the businessman predictably fell in disgrace.
10:48 2021-03-01 UTC+00
BTC plunges on Yellen’s warning

BTC plunges on Yellen’s warning

US Treasury Secretary Janet Yellen has sounded an alarm over the danger of bitcoin use in illicit activities. As a result, the top cryptocurrency plunged by over 13%.Yellen’s harsh criticism of digital cash, primarily bitcoin, did not go unnoticed and the crypto market suffered a sharp drop. Other tokens followed suit.
06:02 2021-03-01 UTC+00
Pfizer vaccine reduces COVID-19 transmission by nearly 90%

Pfizer vaccine reduces COVID-19 transmission by nearly 90%

According to the data collected by the Israeli Health Ministry, as well as by Pfizer and BioNTech, the vaccine is almost 90% effective in reducing coronavirus transmission. The joint study of the pharma companies and the Ministry of Health of Israel proved that the vaccine created by Pfizer and BioNTech is highly effective as it prevents further spread of the virus in 89.4% of cases.
16:17 2021-02-26 UTC+00
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