China is back in the game

Against the backdrop of the stabilization of the Chinese economy and the strengthening of the Chinese yuan, the government is lifting restrictions on the import of gold into its country. As the authoritative news agency Financial Times notes, this could cause increased volatility for the most sought-after metal on the planet, further opening up a…

Back in recession

The German Institute for Economic Research is one of the most influential and authoritative. It was founded back in 1925 and has received a huge number of prestigious awards for the best research and forecasts in various sectors of the economy. Today, in an official forecast, the German Economic Institute DIW worsened its forecast for…

Echoes of the impending apocalypse

Birmingham City Council announced on September 5 that it had filed for bankruptcy. From this day on, the city stops all payments and expenses, with the exception of social security obligations. The main reason for the bankruptcy was the legal costs that Birmingham incurred during the consideration of the claim of trade unions, who accused…

Watch out, yen

The Japanese yen has once again depreciated against the dollar and is trading near all-time highs of 150,000. The Japanese regulator continues to keep the interest rate unchanged, despite the growing inflation in the country following the global trend in this indicator. For a long time, the Central Bank of Japan has not raised or…

Intrigue in the crypto world

Renowned American TV presenter Jim Cramer, who seized the moment and criticized the Binance crypto exchange when the SEC filed a lawsuit against it, believed that the SEC’s findings are so convincing that even the exchange’s best lawyers will have to consider how competent they are. He also repeatedly urged market participants to sell cryptocurrency…

Turkey – a new nugget of Europe

Despite the huge inflation in Turkey and the strong devaluation of the Turkish lira against the US dollar, Turkey can become the leading economic country of the entire Western alliance. In addition to cooperation with Russia, with which agreements were reached yesterday in the field of nuclear and oil energy, the World Bank continues to…