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Mastercard to integrate Fiserv’s stablecoin into its products 06/25/2025

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Economics

EU-Wide Tax On Digital Revenues Within Arm’s Reach

The French Finance Minister informs that the global giants of digital sector could expect EU tax by the end of March. According to an interview of the Finance Minister of France, Bruno Le Maire, which was published on Sunday, January 20, 2019, the leading digital companies of the world could expect...

Fewer Options Available To Central Bankers To Respond To Next Recession

The central banks of the world might not have the resources to fight a serious recession. During the last financial crisis, dramatic and unorthodox steps were taken by the central banks to prevent economic collapse. The measures included slashing of interest rates and expended...

Fidelity Intl Believes Chinese Stocks Now Are 'Very, Very Attractive'

Global investment house Fidelity International has predicted that one of the best places to invest in Asia in due is China and its valuation as described as "very, very attractive" despite an apparent slowdown in the economy of the country. Chinese economy, the largest in Asia and the...

Wealth-X: Europe shows the fastest growth in millionaires number

Last year, the number of wealthy people rose by 1.9% to 22.4 million worldwide (from $ 1 million to $ 30 million), according to a report by research company Wealth-X. The total amount of their capitals increased by 1.8%, to $ 61.3 trillion. The most active growth of millionaires last year was noted...

Global business is accumulating debt

The volume of the global debt load is now more than three times the size of the global economy. In the third quarter of 2018, this figure was $ 244 trillion, or 318% of total GDP, the Washington International Institute of Finance calculated. The peak of 320% of GDP fell in the third quarter of...

Trump Administration Urged To End Trade Uncertainty By Top Global Auto Leaders

Claiming the political instability was costing the global auto industry, the Trump administration and the United States Congress was urged by top global auto executives gathered in Detroit to resolve trade disputes and the US government shutdown. While a new regional trade agreement...

Chinese exporters notice lack of demand

The US protective duties, imposed on supplies from China in the amount of more than $ 250 billion, have finally affected the volume of Chinese exports. In December it decreased by 4.4% year-on-year. This is the lowest growth rate over the past two years (in November, the dynamics were positive -...

Adobe Says Record $126 Billion Spent By US Holiday Shoppers Online

According to Adobe Analytics, the 2018 holiday season saw United States consumers spend record an\mount of $126 billion on online shopping. The firm said that the driver for consumers were the early discounts on Amazon.com and other websites and the use of smratphones to make online purchases...

Venezuela raises minimum wage by 300%

Venezuelan President Nicolas Maduro announced an increase in the minimum wage in the country by 300%. As a result, it will grow to 18 thousand Bolivars (about $ 6.52) from 4.5 thousand Bolivars, according to Al Jazeera. During 2018, the minimum wage rose five times. Maduro also promised to...

Lower Growth Target To Be Set By China For 2019: Reuters

As the Chinese economy sets itself up to tackle slump in domestic demand and US trade tariffs, the country has apparently lowered its economic growth target for 2019 of 6 to 6.5 percent against last year’s target of “around” 6.5 percent, according to a report published by news agency Reuters....