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Currency analysts at ING expect interest rate cuts will undermine the Pound with the Pound to Euro (GBP/EUR) exchange rate weakening to 1.1365 on a 6-month view. GBP/EUR failed to break above the key 1.1765 level in February and March while rallies ...
A flurry of drones swarmed southern Russia on Sunday, forcing a small independent refinery in Krasnodar to halt operations, while Kremlin forces struck a northern suburb of Ukraine’s Kharkiv, killing at least five. At least 16 people were also ...
Bitcoin circled $67,000 on May 19 as liquidity around spot price strengthened into the weekly close. Data from Cointelegraph Markets Pro and TradingView showed bulls holding the week’s upside, with month-to-date gains now above 10%. Analyzing ...
A mining company's claim that it had discovered a huge deposit of gold, deep in the Indonesian jungle, led to a scramble to invest in the firm. But all that glittered was not gold, as a new podcast series reveals, and questions remain about the ...
A helicopter carrying Iranian President Ebrahim Raisi suffered a “hard landing” on Sunday, Iranian state media reported, without elaborating. Some began urging the public to pray for Raisi and the others on board as rescue crews sped through a ...
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy. Days after US data revealed cooler-than-expected ...
Saudi Arabia's King Salman is suffering from "high temperature" and joint pain and will undergo his second round of medical tests in less than a month, state media reported Sunday. The tests will take place at a clinic at the Al-Salam Palace in ...
Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema Electrico Nacional). The measure aims to control the high energy demand from these mining farms and ...
The last LNG carrier that passed the Bab el Mandeb strait off the Yemeni coast did so in February. Since that month, there has been no LNG traffic via the once major energy chokepoint as vessels diverted around Africa—or changed destinations ...
Nickel prices on the London Metal Exchange just had their best week in nearly a year and a half. The surge comes as social unrest rocks New Caledonia. A new report highlighted last week about surging demand for base metals driven by the clean energy ...
The GBP/USD was looking strong at the time of writing on Friday, looking to post a weekly close of around 1.5%, supported by stronger UK data and weaker US macro pointers. In the week ahead, we have key UK inflation numbers and global PMI data to ...
Gold continued to rally in April, trading above $2,400 during the month. The convergence of diverse economic and geopolitical factors suggests the potential for gold to further bolster its gains. Gold’s strength continued in April, with the spot ...
As food prices rise, freelance cameraman Shunmugam Karuppannan is one of many Malaysians feeling the pinch. These days, the 50-year-old thinks twice about taking his family to a restaurant, even if they ate out only once a month previously. The ...
The U.S. Securities and Exchange Commission is expected to make a key decision on approving ether exchange-traded funds next week. But it will likely fail due to a lack of an over-arching regulatory framework for all cryptocurrencies, according to ...
Customers of one of the nation’s largest rental car companies are feeling the sting after renting Teslas only to pay hundreds in gratuitous fuel fees — and then being denied refunds. Hertz, which recently announced plans to offload 30,000 used ...
From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs. Of the world’s 20 largest stock markets, 14 have hit all-time highs recently. The MSCI ACWI Index, which tracks developed and ...
The Ethereum burn address is a unique element within the Ethereum blockchain, specifically designed to permanently remove Ether tokens from circulation. The Ethereum burn address is represented by the address ...
Gold saw strong performance last week, but bulls on the yellow metal might still feel like they’re getting the short end of the stick with rivals like Silver and Copper outperforming gold and hitting record highs. The “Year of Metals” continues ...
Thank you for your generous introduction, Dean Solomon, and thank you for the invitation to be here and share this special day with all of you. Let me begin by congratulating the Class of 2024. Let's give a huge round of applause to our graduates, ...
China’s April imports of unwrought aluminium and products jumped 72.1% on-year to 380,000 metric tons, customs data showed on Saturday. The data include primary metal and unwrought, alloyed aluminium. That brought imports in the first four months to ...