Vancouver’s City Council Greenlights Exploring Bitcoin in Municipal Finance
In a bold move toward embracing cryptocurrency, Vancouver’s city council has approved a motion to explore integrating Bitcoin into its municipal financial systems. The decision, made during a council meeting on Tuesday, marks a significant step in the city’s efforts...
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Bank of Canada Cuts Interest Rates Again in December 2024
In its December meeting, the Bank of Canada (BoC) announced a 50 basis points (bps) cut to its key interest rate, marking the second consecutive reduction. This decision was in line with market expectations, bringing the total cumulative rate cuts...
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US Inflation Trends: A Close Look at November 2024
The annual inflation rate in the United States rose to 2.7% in November 2024, marking the second consecutive month of an uptick. This increase, from 2.6% in October, was in line with analysts’ expectations. The rise was partly influenced by...
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Germany’s Inflation Rate Rises in November 2024
Germany’s annual inflation rate increased to 2.2% in November 2024, up from 2% in October, in line with preliminary estimates, marking the highest level in four months. This uptick reflects broader inflationary pressures across various sectors, with services inflation holding...
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RBA Keeps Cash Rate Unchanged for Ninth Straight Meeting
The Reserve Bank of Australia (RBA) opted to retain its cash rate at 4.35% during its final meeting of 2024, marking the ninth consecutive gathering where borrowing costs were held steady in line with market expectations. This decision reflects the...
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China’s Trade Surplus Soars in November 2024
China’s trade surplus surged significantly to USD 97.44 billion in November 2024, up from USD 69.45 billion in the same month a year earlier. This substantial increase exceeded expectations, surpassing forecasts of USD 95 billion and marking the largest trade...
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Australia’s Business Confidence Drops Sharply in November 2024
Australia’s National Australia Bank (NAB) business confidence index experienced a notable plunge to -3 in November 2024, down from a near two-year high of 5 in the previous month. This decline marks a significant shift in the country’s economic sentiment,...
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Donald Trump: Aftermath of 2024 Presidential Victory
On September 20, 2024, Donald Trump unexpected victory in the U.S. presidential election triggered a wave of changes across global financial markets. From surging cryptocurrency values to a revitalized U.S. economy, his win seems to have profound implications on both...
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Cathie Wood Predicts Bitcoin’s Next Big Milestone
Cathie Wood, the visionary founder of Ark Invest and a renowned financial market analyst, has once again highlighted Bitcoin’s transformative potential. Wood views Bitcoin’s rise to $100,000 not merely as a price achievement but as a groundbreaking shift in the...
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China’s Producer Prices Decline by 2.5% in November 2024
China’s producer prices fell by 2.5% year-on-year in November 2024, marking the 26th consecutive month of producer deflation. However, the drop was softer than October’s 2.9% decline and came in below market expectations of a 2.8% fall, reflecting Beijing’s ongoing...
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