A surge in demand for digital currency in Zimbabwe has highlighted an interesting quirk in the trading of bitcoin, as well as the current economic woes the African country is facing. “Zimbabwe panic sends bitcoin soaring over $6,000?” asked a report on one cryptocurrency website over the weekend. While the answer is clearly no — […]
Read moreTraders are eagerly anticipating Thursday’s meeting of the European Central Bank (ECB), with some contemplating whether President Mario Draghi’s actions could radically reschedule when the central bank’s first rate hike could come. Back in July, Draghi said that discussions regarding a change in monetary policy stance will begin in the fall. In September, he then […]
Read moreOne year after the U.S. lifted decades-long trade sanctions against Myanmar, the booming developing economy looks set to re-enter Washington’s bad side. In a statement released late on Monday, the U.S. State Department said it was considering “economic options” to target individuals associated with atrocities against Myanmar’s Rohingya Muslims. Washington is also “exploring accountability mechanisms […]
Read moreChina’s ruling Communist Party on Tuesday approved an amendment to its constitution directly mentioning Chinese President Xi Jinping’s name and his “Xi Jinping Thought on Socialism with Chinese Characteristcs for a New Era.” No other leader has had an eponymous ideology included in the document while in office since Mao Zedong, the founder of modern […]
Read moreNew Zealand prime minister-designate Jacinda Ardern said on Tuesday her new Labour-led government planned to review and reform the central bank act. Labour has already said it wants to add employment to the Reserve Bank of New Zealand’s mandate, alongside inflation, to give it a dual target. New Zealand First, the junior partner in the […]
Read moreOne of the world’s most secretive states is going green — for national security reasons. Pyongyang may be interested in developing algae as “a strategic resource,” according to a recent note on 38 North, a website focused on North Korea that’s part of the Johns Hopkins School of Advanced International Studies. Algae, plantlike organisms that […]
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