global economy

 Bitcoin price hits new 2018 low

Bitcoin has suffered a major price crash over the past week, plunging to its lowest point in a year - dropping from $5,560 to $5,170 within a period of 12 hours. After dropping to $5,750 on June 11, BTC has defended the $6,000 support …

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Medevedev: global situation worse than in 2008

Russian Prime Minister Dmitry Medvedev said that the global economic situation has become worse now than it was in 2008, when the financial crisis jolted the world. "Ten years ago we were much wiser and were ready …

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 Is America on brink of next economic crisis?

Moody’s Analytics’ chief economist Mark Zandi is sounding the alarm over a surge in corporate debt among a concentrated group of U.S. corporations. Zandi suggests that the debt burden mirrors the subprime …

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Will trade wars undermine global economy?

Escalating global trade war could cut world GDP growth to 2.8% from 3.2% (by 0.4%), according to Fitch Ratings 2018 “Global Economic Outlook” baseline forecast. According to the agency, the U.S., Canada and Mexico would be …

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G20 finance chiefs call for stepped-up trade dialogue

Global finance leaders called on Sunday for stepped-up dialogue to prevent trade and geopolitical tensions from hurting growth, but ended a two-day G20 meeting with little consensus on how to resolve multiple disputes over U.S. tariff …

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Billionaire population hits record levels

The global billionaire population and its immense wealth hit record levels in 2017, according to global wealth research firm Wealth-X, which reports there are 2,754 billionaires in the world. The U.S. dominated the list of top 10 …

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Bitcoin futures trading underway

The price of Bitcoin bounced back from a 4pc fall that followed the launch of a new set of futures in the cryptocurrency by the world’s largest exchange provider CME in Chicago. Its value on the Coinbase exchange fell from $19,375 …

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 IMF to upgrade its outlook for global growth

The head of the International Monetary Fund Christine Lagarde said that 'the long-awaited global recovery is taking root' and that three-quarters of the globe is enjoying an economic upswing in 'the …

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 World Bank: 'classic' crises remain in the past

Classic crises with the decline and systematic restoration of economies remained in the past, the World Bank Chief Executive Officer Kristalina Georgieva said at the St. Petersburg International Economic Forum. "I …

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European Central Bank leaves refinancing rate unchanged

The European Central Bank left all its main rates unchanged, with its key refinancing rate remaining at 0% and the key deposit rate left at -0.4%.  It said it expected "interest rates to remain at present or lower levels for …

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 Putin: West harms itself with sanctions

The Western anti-Russia sanctions barely affect Moscow but have an impact on the country's access to technology, Russian President Vladimir Putin said at the Russia Calling! investment forum in Moscow.  …

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How long can world live in debt?

Living in debt - is the natural state of the world economy, and it is acceptable for both creditors and debtors, economists said in an interview with Vestnik Kavkaza, commenting on Alexei Kudrin's warning about the fact that …

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Medvedev:  Brexit creates new risks for global economy

Britain's vote in favor of leaving the European Union has increased volatility on commodity markets, which concerns Russia, the Russian Prime Minister Dmitry Medvedev said. Medvedev said the results of the vote were …

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