Global Economy

COP26 talks reach their final week

The COP26 climate summit opened its second and closing week of discussions on Monday. National delegations worked behind closed doors to strike the all-important goal of capping global warming at 1.5 degrees Celsius. Ministers coming to Scotland’s most populous city of Glasgow early this week will attempt to resolve sticking points. Moreover, they should conclude …

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market news

MARKET NEWS AND CHARTS FOR NOVEMBER 29, 2021

USDDKK In September, service-oriented industries skyrocketed buoyed by the resumption of U.S. economic activities. The services purchasing managers’ index increased to 54.9 points, higher than analysts’ 54.4 points consensus estimates. However, it is still lower than August’s 55.1 record. Additionally, the manufacturing PMI came in at 60.7 points, surpassing the 60.5 projections. Yet, slightly below …

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China tightens rules around personal data collection

Chinas’ Cooperation with Afghanistan

Afghanistan is projecting to have trillions of dollars in rare earth metals. Countries are interested in swooping in on the country, such as China, must go by international rules. According to Shamaila Khan, AllianceBernstein’s director of emerging market debt, the Taliban militants have emerged with resources. They are a “very frightening prospect for the globe,” …

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bill, Why you may need a Crypto Wallet

Uruguayan Lawmaker Proposes Bill Support Crypto for Payments

Uruguayan senator introduced a bill that will allow businesses to take cryptocurrencies as payments and regulate their use in the country. On Tuesday, Sen. Juan Sartori introduced the bill to provide financial, legal, and fiscal security in the business acquired from the commercialization and production of cryptocurrencies. Country law will recognize and accept Crypto assets. …

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World Stocks

World Stocks Remained High, MSCI Global Index up 1.03%

On Thursday, July 22, world stocks remained high as the stock market in the United States, Europe, and Asia held firm on their strengths after yesterday’s bounce from week-lows. The MSCI Global Index increased 1.03%, with a net gain of $30.861. This sent the stocks higher at $3,036.72 per share. Likewise, the MSCI All Countries …

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Digital Currency, bitcoin, Brits bought more crypto than shares last year

The Crypto World Views a Crucial Choice

Crypto asset companies encounter a tough choice: learn to live with regulators or experience their madness. The Big Crypto industry includes exchanges such as Coinbase and Binance with issuers of stablecoins backed by other assets, like USD Coin backer Circle and Tether. These exchanges process several billions of dollars each month while the market value …

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ASEAN

ASEAN Plus China, Japan, S. Korea to Boost Financial Ties

Association of Southeast Asian Nations (ASEAN) Finance ministers and central bank governors, including China, Japan, and South Korea, vowed to strengthen regional financial cooperation. This is as they cushion the economies of countries hit hard by the COVID-19 pandemic. A statement read that they expect a rebound in 2021 as the recovery gathers momentum. It …

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U.S. Senate

U.S. Senate Passes $35B Water Infrastructure Bill

The U.S. Senate has approved the first major infrastructure bill in U.S. Congress. The bill would authorize over $35 billion to upgrade America’s drinking and wastewater systems.  This bipartisan show of support is rare because the lawmakers still can not agree over other infrastructure investments of President Joe Biden. The Drinking Water and Wastewater Infrastructure …

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