Coronavirus crisis will exacerbate spending pressures in rapidly ageing societies in Europe, Moody’s Investor Services said on Wednesday, as reported by Reuters.  “Coronavirus fallout will make Europe more indebted, more social and more reliant on technology,” Moody’s added. “Coronavirus crisis is expected to increase momentum around Europe’s digital strategy, supporting demand for technology companies’ services.” Market reaction
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In an interview with Cointelegraph, Adam Traidman, the CEO of wallet provider BRD, recounted operating a phone support line for cryptocurrency users during the company’s infancy. After starting BRD, formerly Breadwallet, in 2015, Traidman recalls the firm’s CMO deciding to launch the “Bitcoin Therapy Hotline” without consulting the firm’s other executives. Traidman initially thought the
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Credit Agricole EUR/CHF outlook, maintains a bullish bias targeting a move towards 1.15 “EUR/CHF has been advancing of late hand in hand with outperforming EUR-denominated risk assets, a development that may continue going forward should it be indicative of an improving risk asset related capital flow situation. Historically speaking, the capital flow situation has been
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LONDON: Oil rose on Tuesday, helped by positive news about vaccine trials and an EU stimulus deal, taking prices to levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia. Benchmark Brent crude was up $1.24 cents at $44.52 by 1337 GMT, on track for its biggest daily
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Global stock markets are lifted by the agreement on the EUR 750B Next Generation EU recovery package. Commodity currencies surge broadly with Australian Dollar leading the way. RBA Governor indicated that the current exchange rate is inline with Australia’s fundamentals. On the other hand, Dollar, Yen and Swiss Franc are under broad based pressure due
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The Chairman of Kazakhstan’s anti-corruption service has called on the government to develop a national digital currency to fight corruption in the country. Alik Shpekbayev, chairman of Anti-corruption Agency of the Republic of Kazakhstan, reportedly said that national digital currencies like China’s digital yuan should contribute to a more transparent financial system. The news was
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In a report published on Tuesday, the UK’s Office for Budget Responsibility (OBR) noted that the UK’s debt to GDP ratio could exceed 100% soon.  The OBR noted that the year-to-date borrowing is lower than they have determined in the central scenario and explained that this situation was reflecting the lack of loan write-offs in data
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