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Category: Economy

    Economy
    Inflation Continues to Rise in Egypt

    Inflation Continues to Rise in Egypt

    Egypt 's statistics agency said on Thursday that annual inflation reached a record high in January amid the nation's ongoing struggles with price rises and currency loss. According to data issued by the Central Agency

    Economy
    African Economies Do Not Appear Affected by the Declining Global Economy

    African Economies Do Not Appear Affected by the Declining Global Economy

    African economies continue to be robust despite several shocks, with 53 of 54 African nations expected to sustain positive growth and a stable outlook for the years 2023–2024, according to projections made by the African

    Economy
    Earthquake in Turkey: Aid is Piling Up!

    Earthquake in Turkey: Aid is Piling Up!

    Last Thursday, the AFAD reported that 6,479 foreign rescuers were dispatched to the earthquake zones. In fact, they stated on Wednesday that 66 countries had already sent their respective search and rescue teams. Furthermore, Foreign

    Economy
    Goldman Sachs: Oil Could Rise Above $100 Again

    Goldman Sachs: Oil Could Rise Above $100 Again

    Goldman Sachs assessed that the sanctions imposed on Russia would likely reduce their oil exports and elevate prices from the current $80 level above $100 as demand is forecasted to recover in China after lifting

    Crypto
    Bloomberg Strategist: Crypto’s Real Recession Has Arrived

    Bloomberg Strategist: Crypto’s Real Recession Has Arrived

    According to Mike McGlone, Senior Market Strategist at Bloomberg, the crypto market could be entering its "first real recession," which could lead to a technological breakthrough similar to Bitcoin's invention. Citing the 2007-2008 global financial

    Economy
    Horrible Earthquake in Turkey and Syria: Web3 Community Rushed to Help

    Horrible Earthquake in Turkey and Syria: Web3 Community Rushed to Help

    On February 6th, a catastrophic earthquake struck southeastern Turkey and the border with Syria - causing an unprecedented 5,000+ casualties. With a 7.8 magnitude on the Richter scale, this "major" earthquake occurred across 100 kilometers

    Crypto
    Interest in Meme Coin Is Increasing: It Expanded by $5.8 Billion In One Month

    Interest in Meme Coin Is Increasing: It Expanded by $5.8 Billion In One Month

    Over the past 27 days, the meme coin economy has seen substantial growth of 34.52% against the US dollar. Out of all meme coins, Dogecoin is currently leading in market capitalization with a 29.5% surge

    Economy
    The Largest Trade Deficit in South Korea’s History Has Been Announced

    The Largest Trade Deficit in South Korea’s History Has Been Announced

    Last year, South Korea experienced its largest trade deficit since 1956—a staggering $47.5 billion, according to the country's customs agency statistics. This was an enormous increase from 1996 when the nation registered just a $20.6

    Crypto
    Sri Lanka Central Bank: Bitcoin Will Not Solve The Economic Crisis

    Sri Lanka Central Bank: Bitcoin Will Not Solve The Economic Crisis

    Billionaire investor Tim Draper received a far more hostile response than expected when he proposed Bitcoin adoption in Sri Lanka, an economically troubled nation. On Tuesday, while conversing with local entrepreneurs regarding cryptocurrency uptake, the

    Economy
    Norwegian Wealth Fund Lost More than 150 billion Euros in 2022

    Norwegian Wealth Fund Lost More than 150 billion Euros in 2022

    Norwegian wealth fund, one of the most affluent investors in the world, reported an unprecedented loss of 1.64 trillion crowns ($164.4 billion) for 2022 - its worst since a 633 billion crowns debacle back in