In May–June 2021, China—allegedly to preserve financial stability—banned mining of bitcoin and other crypto assets in such major mining centers as Inner Mongolia, Sichuan, Xinjiang and Yunnan. The total ban on mining was far from unexpected for miners as the Chinese authorities had repeatedly issued warnings over the risks of bitcoin mining since 2013. There...Read More

The Gulf state is also expected to enjoy 4.1% in growth in 2022 that is set to increase even further the year after.  Qatar’s economy is projected to grow by 3% this year before accelerating to 4.1% in 2022 and 4.5% in 2023, according to the World Bank. The Gulf state is also expected to...Read More

Indonesia’s President Joko Widodo attends an ASEAN leaders summit with United Nations Secretary-General Antonio Guterres, in Bangkok, Thailand November 3, 2019. REUTERS/Soe Zeya Tun JAKARTA, Aug 16 (Reuters) – Indonesian President Joko Widodo said on Monday in his annual state of the nation speech that there was a need to strike a balance between health...Read More

Stocks on Wall Street mostly ended on an upbeat this past week, with the S&P 500 and Dow Jones Industrial Average rising about +0.71% and +0.87% respectively. It was the tech sector that underperformed, with the Nasdaq Composite falling about -0.09%. An initial push higher in Treasury yields helped bolster cyclical shares, but that narrative...Read More

Why is the government optimistic that the economy will bounce back? The huge contraction of the British economy from March of last year was based on a deliberate if belated decision to lock down in the face of the Covid crisis. This is different from previous crises which ultimately resulted from falls in the rate...Read More

CNN —   The Trumpist Republican Party has shown it will toy with democracy. Now President Joe Biden is testing its willingness to play with economic fire. The test comes in the upcoming showdown over raising the federal debt limit, a painful political chore that periodically falls to Congress when the Treasury exhausts the amount...Read More

Dow Jones Index, S & P 500 Hits Record High The dollar slumps at a one-month low on a dovish Federal Reserve board bet The Pan-European STOXX 600 Index (.STOXX) is also a record high Chinese stocks bounce, but still plunge in the week New York, July 29 (Reuters)-Strong corporate earnings and strong economic growth...Read More

It’s no secret that the coronavirus pandemic did a number on the U.S. economy. Back in April of 2020, the national unemployment rate reached a record high, and while it recently hit its lowest level since the start of the outbreak, it’s much higher than it was before the crisis began. In spite of that,...Read More

Prime Minister Narendra Modi is set to address the nation from the ramparts of the Red Fort in his eighth Independence Day speech on Sunday. Over the years, he has used the occasion to announce major initiatives such as Swachh India, Pradhanmantri Jan Arogya Abhiyan and the abolition of the Planning Commission. Late last month,...Read More

The White House is calling on OPEC to produce more crude oil to help lower gas prices, but some Oklahoma gas and oil companies worry this will hurt the local economy. AAA said gas prices are now higher than they’ve been all year. The Oklahoma gas price average is $2.88, which is still lower than...Read More