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Economy
The Central Bank of the UAE approves AED Stablecoin’s preliminary license
October 18, 2024 10:11 PM AEDT| By InvezzThe Central Bank of the United Arab Emirates (CBUAE) has granted preliminary approval to AED Stablecoin, bringing the project a step closer to becoming the UAE’s first regulated dirham-pegged stablecoin. This move follows the CBUAE’s Payment Token Se...
Trump-endorsed WLFI cryptocurrency launch stumbles, raising just $11.8M amid technical hurdles
October 17, 2024 04:48 AM AEDT| By InvezzThe launch of World Liberty Financial (WLFI), a cryptocurrency endorsed by Donald Trump, has encountered significant challenges, raising only $11.8 million within its first 24 hours—far short of its ambitious $300 million fundraising goal at a $1.5 b...
Argentina adopts flexible interest rate policy as it lifts capital controls
October 16, 2024 04:14 PM AEDT| By InvezzArgentine President Javier Milei has provided fresh insights into his government’s currency strategy, signaling a move toward a flexible exchange rate for the peso as the country prepares to lift its longstanding capital controls. In his keynote spee...
Harris backs crypto regulation weeks before election, targeting wealth creation for Black men
October 15, 2024 05:04 AM AEDT| By InvezzIn a significant pre-election announcement, Vice President Kamala Harris has outlined her plans to establish a regulatory framework for cryptocurrency and digital assets. This move is a key part of her broader Opportunity Agenda, which focuses on add...
Brazil’s economic activity surpasses forecasts in August, strengthening rate-hike outlook
October 15, 2024 03:11 AM AEDT| By InvezzBrazil’s economic activity in August has exceeded forecasts, indicating a robust growth trajectory that raises questions about future monetary policy adjustments. The central bank’s IBC-Br index, a vital measure of GDP, reported a 0.2% increase...
Is Germany’s economy doomed or can structural reforms revive growth?
October 14, 2024 05:00 PM AEDT| By InvezzGermany, Europe’s largest economy, is still grappling with structural challenges as it braces for a second consecutive year of contraction. Economic forecasts for 2024 now project a 0.2% decline in gross domestic product (GDP), following...
What to expect from China’s big economic policy announcement on Saturday?
October 11, 2024 07:08 PM AEDT| By InvezzInvestors are eagerly awaiting new policies from Beijing this weekend, hoping they will help revive the country’s economy. China’s Finance Minister Lan Fo’an is scheduled to hold a press conference at 10 a.m. local time on Saturday to introduce measu...
Jamie Dimon in US elections: Will JPMorgan’s CEO back Kamala Harris or Donald Trump?
October 09, 2024 10:11 PM AEDT| By InvezzAs the 2024 US presidential race enters its final stretch, Jamie Dimon, the CEO of JPMorgan Chase, has become a central figure in the debate over endorsements. The leader of the largest US bank has been in regular discussions with both Kamala Harris’...
Trump’s economic strategy for 2024 is fading — here’s what voters are seeing
October 09, 2024 06:44 PM AEDT| By InvezzAs the 2024 US presidential election approaches, the economy is front and center in political debates, as it always is during election cycles. Historically, voters have associated economic growth and prosperity with Republican candidates, particularl...
It’s all about jobs now
October 08, 2024 10:01 PM AEDT| By InvezzAt the end of September, we got the latest update on Core PCE, the Fed’s preferred inflation measure. The year-on-year release ticked up a touch, as expected, coming in at +2.7%. This was offset by a better-than-forecast month-on-month number which r...
China’s economic comeback: stimulus sparks hope, but is it just a mirage?
October 08, 2024 06:09 PM AEDT| By InvezzAfter years of sluggish growth, China is now making bold moves to reignite its faltering economy. In a dramatic push, Beijing has rolled out massive stimulus measures aimed at boosting consumer spending, rescuing the crumbling real estate...
Brazil implements 15% minimum tax on profits of MNCs: what you need to know
October 05, 2024 12:26 AM AEST| By InvezzBrazil’s government has taken a significant step towards fiscal reform by implementing a minimum 15% tax on the profits of multinational corporations, as detailed in an executive order published in the country’s official gazette late Thur...
UK construction output soars in September as infrastructure projects boost growth
October 04, 2024 08:18 PM AEST| By InvezzThe UK construction sector saw substantial growth in September, with the Construction Purchasing Managers’ Index (PMI) rising to 57.2—the highest in 29 months, according to a report by S&P Global and the Chartered Institute of Purchasing &#...
Oil prices could surge by $20 as tensions in Iran escalate, warns Goldman Sachs
October 04, 2024 06:02 PM AEST| By InvezzGlobal oil markets are on edge as Goldman Sachs cautions that crude prices could skyrocket by $20 per barrel if Iranian oil production suffers from potential Israeli retaliation following heightened regional tensions. US crude futures surged by 5% on...
Brazil’s services PMI climbs to 55.8 in September, business confidence reaches one-year high
October 04, 2024 02:08 AM AEST| By InvezzIn a promising sign for Brazil’s economy, the S&P Global Brazil Services Purchasing Managers’ Index (PMI) surged to 55.8 in September, up from 54.2 in August. This increase marks the best quarterly performance since the second quarter...
Half of all US voters are for pro-crypto policies; 12% would switch parties for favorable candidates, survey says
October 02, 2024 11:48 PM AEST| By InvezzAs the 2024 election looms, cryptocurrency regulation has become a pivotal issue for American voters, particularly among younger generations. According to a recent HarrisX survey commissioned by ConsenSys, a staggering 85% of cryptocurrency owners ex...
Japan’s snap election triggers market volatility amid economic uncertainty under new PM Shigeru Ishiba
October 02, 2024 08:20 PM AEST| By InvezzPolitical uncertainty is once again unsettling Japan’s markets as the country prepares for a snap general election on October 27. Incoming Prime Minister Shigeru Ishiba, who recently took over the leadership of the ruling Liberal Democratic Party (LD...
Ireland set to invest Apple’s €14bn tax windfall in critical infrastructure
October 02, 2024 05:09 PM AEST| By InvezzEarlier this month, Apple was ordered to pay €14bn in back taxes to Ireland, following a long-standing legal battle with the European Commission. The unexpected financial windfall is set to play a crucial role in Ireland’s infrastructure develo...
China invests over $100 billion in overseas cleantech to sidestep tariffs, report reveals
October 02, 2024 05:04 PM AEST| By InvezzChinese companies have poured more than $100 billion into overseas clean energy technology projects since the beginning of 2023, according to research from Australian group Climate Energy Finance (CEF). The surge in investments is driven by a need to...
Harris vs Trump election nears: Who’s leading the polls and can we trust these numbers?
October 02, 2024 04:38 PM AEST| By InvezzAs Election Day approaches in the United States, voters are preparing to decide whether Kamala Harris will become the first woman president or whether Donald Trump will return for a second term in office. Initially, this election was set to be a rema...
