Gold gains amid Fed rate cut expectations
Gold rose in the final week of the year as traders expect the US currency to weaken in 2024 amid anticipated interest rate cuts by the Federal Reserve. Gold prices…
Erdoğan appoints crypto professor to central bank
Türkiye’s President Recep Tayyip Erdoğan has appointed Fatma Ozkul, a professor who teaches about crypto assets and blockchain technology, as a member of the central bank’s rate-setting committee. Ozkul, a…
Ripple to operate as digital asset service operator in Ireland
Cryptocurrency payment network Ripple has reached another regulatory milestone in Ireland, with the Central Bank of Ireland (CBI) approving the firm as a virtual asset service provider (VASP). According to…
Maersk expects Red Sea shipping chaos to last several months
Shipping chaos across the Red Sea could continue for months, according to the world’s second-largest container line, A.P. Moller-Maersk A/S. The Copenhagen-based company posted a notice Friday showing 15 container-line…
Global foreign exchange reserves by currency in Q3
The dollar’s share in global central bank reserves fell in the Q3, while Japanese yen reserves rose, International Monetary Fund data showed Friday. The greenback accounted for 59.2% of global…
German companies fleeing Germany – Mitsubishi UFJ Financial Group
Due to the increasing cost of production in Germany, an increasing number of German companies are relocating their operations to surrounding countries. As a result, almost 50 fertilizer production facilities,…