Poverty and inequality are harming the world’s children and it’s time to act November 11, 2022 We must do all we can to alleviate the suffering of children during times of crisis to ensure healthy and happy future generations are fostered. A 2020 study on the falling living standards during the Covid-19 pandemic published by Science Advances took evidence from over 30,000 respondents across nine countries, one being Nepal that the [...]
Sigh of relief in global markets as China finally relaxes some Covid rules November 11, 2022 With all the bad news that has dominated the airwaves in recent months it was very welcome to see that US CPI rose significantly less than expected in October to its lowest level since January, prompting a huge relief rally in stocks, bonds as well as a sharp selloff in the US dollar. The rally [...]
Markets cheer US inflation slowdown as Nasdaq flies over five per cent November 10, 2022 Global markets have cheered signs that US inflation is falling much faster than experts expected, dialling down pressure on the Federal Reserve to keep hiking interest rates aggressively. Wall Street’s tech-heavy Nasdaq index flew more than five per cent, while the S&P 500 and Dow Jones shot up more than four per cent and nearly [...]
Markets absorb disappointing earnings as crypto uncertainty knocks sentiment November 10, 2022 Having come off the back of three days of losses the US dollar rebounded strongly yesterday as markets absorbed further disappointing earnings numbers, and cryptocurrency exchange Binance backed out of the FTX takeover, due to an $8bn shortfall, prompting a rout in cryptocurrencies in the process. This jittery market backdrop prompted a sharp selloff in [...]
Finalist November 9, 2022 Start-up of the Year supported by World Mobile Swash Swash is reinventing data ownership through new incentivisation streams and a collaborativedevelopment framework, governed by the ethos of Web 3. It enables individuals, developers, and businesses to cultivate new realities of data ownership and value creation. It is the largest data unionin the market with over [...]
Silver could enjoy US midterms boost if dollar weakens, predicts expert November 8, 2022 Silver prices could enjoy a hefty boost if the dollar weakens on the back of the US midterms today, argues Kinesis Money.
FTSE 100 knocked by Beijing’s zero-Covid commitment November 7, 2022 London’s FTSE 100 today was weighed down by market sentiment softening after Chinese authorities committed to strict measures to contain Covid-19 breakouts over the weekend. The capital’s premier index dropped 0.48 per cent higher to 7,299.99 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
This Week’s Financial Markets November 7, 2022 Looking back to last week, we had a busy week on the calendar. Kicking off the Central Banks was the RBA on Tuesday morning who hiked rates for the 7th consecutive meeting, by 25bps, but sparked some speculation that they could in fact end their hiking cycle earlier than expected. However, with the YoY Trimmed [...]
Last week’s mini rally a distant memory as Bitcoin and Ethereum lose ground November 7, 2022 Bitcoin price is down 2.5% from yesterday, trading for $20,773 this morning, but BTC is still holding on to a seven-day 0.7% increase.
Euro on course to stay below US dollar parity for some time, Goldman warns November 6, 2022 The euro is on course to stay below parity with the US dollar for some time if gas prices do not fall markedly, a top Wall Street bank has said. The currency used by the 19 countries that make up the eurozone is set to drop to $0.94, according to Goldman Sachs. The euro last [...]