Tag Archives: Market News

The cost of living crisis was a major challenge for the region this year as it attempted to bring down energy costs. As the year is wrapping up, the efforts of the European Central Bank (ECB) to curtail the growing surge in inflation within the Eurozone seem to be yielding good fruits. Preliminary readings from Eurostat, the statistical office of the European Union, show that inflation is pegged at 10%, a figure that is lower than the 10.6% reported in October this year.Despite the slowing...

The governor noted that Elon Musk is opening Twitter up for free speech, and Apple wants to take that away from him.New Twitter owner Elon Musk has been attacking iPhone maker Apple (NASDAQ: AAPL) over various issues, including a recent threat from the technology company to remove the bluebird app from the App Store. Over the past week, the billionaire has been making reference to the Twitter-Apple relationship, mentioning the 30% cut of all digital sales made through the apps....

Development and adoption of the crypto space in the past years have prompted the expansion of mechanisms that assess the credibility of virtual tokens.FTSE Russel, the firm that launched the London Stock Exchange‘s measure FTSE 100 equity index, has revealed a bunch of standards for the crypto asset market.The FTSE Global Digital Asset Index Series includes eight gauges from large and mid-cap assets to micro-cap. According to a statement from FTSE Russel, the indices, built with Digital Asset...

In the latest announcement on France and Luxembourg collaborating on the Venus project, it was revealed that both institutions are proposing cross-border settlements.The Central Bank of France and the central bank of Luxembourg have partnered to roll out the “Venus Initiative”, which allows them to use an experiential CBDC for a 100 million euros bond. Worth $104 million, the bond is the latest means employed in a series of trials in tokenized financial markets. Apart from France and...

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