China’s central bank cuts interest rates for the first time in nearly a year, yuan weakens On June 13, the People’s Bank of China (PBOC) cut short-term lending rates for the first time in 10 months, demonstrating an attempt to restore market confidence and spur a recovery. post-pandemic in theContinue Reading

Binance and Coinbase Shock: Billions of USD fled from the virtual currency exchange Many investors have begun to fear and lose confidence in the cryptocurrency market after successive lawsuits against Binance and Coinbase. On June 5, the US Securities and Exchange Commission (SEC) sued Binance and CEO Changpeng Zhao forContinue Reading

The EU’s 11th package of sanctions on Russia ‘in trouble’ Accordingly, two countries Hungary and Greece have objected to Ukraine’s proposal to put some companies of these countries on the list of “war sponsors”. The two countries have said they will refuse to approve any new sanctions against Russia unless UkraineContinue Reading

Hungary: EU can push itself into a corner because of Russia’s ‘sanctions hysteria’ Speaking at the Budapest International Peace Forum on June 6, Hungarian Foreign Minister Szijjarto said that “the EU can push itself into a corner with sanctions hysteria”, which has severely weakened the economy and pose a threatContinue Reading

Germany fears having to ‘shut down production’ due to lack of Russian gas “There is no certain scenario for the future. However, policymakers in Berlin need to avoid repeating the same mistake of thinking that energy shortages will not affect the economy,” Habeck said at the Ostdeutsches Wirtschaftsforum (OWF) economic conference.Continue Reading