Ethiopia relaunched its stock exchange, the Ethiopian Securities Exchange, on Friday after a 50-year absence. The Ethiopian Securities Exchange ceased operations in 1974 following a takeover by the communist military government. Prime Minister Abiy Ahmed described the relaunch as a “historic milestone” for Ethiopia’s economic and financial landscape. “We have officially rang the bell to … Read more
London- Britain’s Treasury chief is traveling to China this weekend to discuss economic and financial cooperation between the countries, as Britain’s Labor government seeks to reset strained relations with Beijing. The Treasury said on Friday that Rachael Reeves will travel to Beijing and Shanghai and meet with her Chinese government counterpart, Vice Prime Minister He … Read more
The proposal also includes a digitized version of the Syrian pound. With affordable energy prices, the country is emerging as a good destination to mine BTC. The Syrian Center for Economic Research (SCER), a non-governmental think tank, has drafted a bill that would allow Syria to turn to Bitcoin to rebuild its economy, severely affected … Read more
The Swiss Federal Chancellery reported on December 31, 2024 that it has formally accepted a popular initiative seeking the inclusion of bitcoin (BTC) in the reserves of the Swiss National Bank (SNB). This proposal, promoted by a group of digital currency advocates, aims to strengthen the independence and financial stability of the Central European country. … Read more
2024 is approaching its end and amid the enthusiasm generated by the apparent recovery of the economy in the last months of the year, concerns arise again that the feared recession will occur in 2025. This is a topic that has been touched on by all analysis firms in their forecasts. In the midst of … Read more
Belarus, Bolivia, Indonesia, Kazakhstan, Cuba, Malaysia, Thailand, Uganda and Uzbekistan will join the BRICS, as confirmed a few days ago by the Russian presidential advisor, Yury Ushakov. According to the information disseminated by the Russian agency Tass, these 9 countries will officially acquire status as partner members of the regional bloc starting January 1, 2025. … Read more
Beijing/Tokyo — Japan said on Wednesday that talks between the foreign ministers of China and Japan in Beijing paved the way for Japan to host China’s foreign affairs chief next year and reached a mutual agreement to hold security talks as soon as possible. Is. No details were given on when the events would take … Read more
Washington— The Federal Reserve cut its key interest rate by a quarter point on Wednesday – its third cut this year – but also signaled it expects to lower rates more slowly next year than before. Mainly due to still high inflation. The Fed’s 19 policymakers estimated they would cut their benchmark rate by a … Read more
In bolivars, only the equivalent of 3.24 billion dollars circulates, estimates say. The dollars circulating in Venezuela are stagnant because dollarization is informal. In Venezuela, the circulation of US dollars in cash doubled that of bolivars, the local currency. According to the most recent study by the socioeconomic analysis firm Ecoanalítico, in November of this … Read more
Following the fall of Bashar al-Assad’s regime, the value of the Syrian currency increased against the US dollar, but commodity prices remain high. Residents say that traders are taking advantage of the situation and official monitoring bodies are not stopping it properly. Click here to see the full story in Kurdish. Source link