Cryptocurrencies are banned in mainland China, but Hong Kong has passed a law that will allow any business with a license to issue stablecoins backed by a fiat currency of its choice.
Author: admin
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NEW ORDERS TO GERMAN FACTORIES DROPPED IN JUNE
German factories received 1 percent fewer orders in June than in May, the government’s DeStatis statistics agency reported. That followed May’s 0.8-percent decline.
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CHINESE IMPORTS ARE COSTING EUROPE JOBS, ECB SAYS
The increase in China’s exports to Europe from 2015 through 2022 has erased 240,000 jobs in the Eurozone, the European Central Bank said, and warned that more jobs are at risk now that Chinese goods that would have been sent to the U.S. before the tariff war are now destined for Europe.
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WEAK CORPORATE INVESTMENT THREATENS GLOBAL ECONOMY, OECD WARNS
In advanced economies, corporate investment has largely failed to recover from the Great Recession and the COVID War, hobbling global economic growth, the Organization for Economic Cooperation and Development (OECD) has warned.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
More than half of U.S. industries are currently cutting jobs, according to Moody’s Analytics, with only healthcare showing job gains.
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TRUMP OPENS PENSION FUNDS TO CRYPTO, PRIVATE EQUITY INVESTMENTS
Through an executive order signed last week, Donald Trump has instructed federal regulators to review and clarify current requirements around 401(k) pension plans so that the professionally managed funds can invest in cryptocurrencies and private equity accounts.
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TOP TREND 2023, OFFICE BUILDING BUST: BONDHOLDERS IN DENVER OFFICE TOWER FACE A WIPEOUT
The collapse of the U.S. office market may have slowed but it is not yet over, as bondholders in Denver’s 42-year-old Wells Fargo Center have discovered.
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TOP TREND 2024, EV GO FU: U.S. AUTOMAKERS SHIFT FROM EVs BACK TO GAS BUGGIES
Detroit is returning to a focus on internal combustion passenger vehicles after the Trump administration and a Republican Congress have voided policies and regulations that focused carmakers on the transition to electric mobility, The Wall Street Journal reported.
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“BIG BEAUTIFUL” TAX LAW SHOWERS CASH ON BIG CORPORATIONS
Donald Trump’s “big beautiful” tax-cut bill Congress passed in July has handed AT&T an extra $1.5 to $2 billion this year in tax savings, the equivalent of an 11-percent increase in its free cash flow, the company recently said.