Economy

Sri Lanka is on the cusp of a major economic transformation as it prepares to introduce a new law aimed at attracting investors and boosting productivity. The country’s state minister of finance, Shehan Semasinghe, has highlighted the importance of these measures in ensuring Sri Lanka’s economic recovery and sustainable growth. The Economic Transformation Bill, which

The global venture capital investment in crypto companies has seen a significant increase, reaching $2.4 billion in the first quarter of 2024. This marks a potential resurgence in investor interest in the crypto space after a period of decline. Data from PitchBook revealed that venture capital flows in the crypto industry reached a peak of

Japan’s weak consumption may intensify political pressure on the central bank to raise interest rates in order to curb the decline of the yen. Bank of Japan Governor Kazuo Ueda is expected to continue signaling a hawkish stance on the policy outlook, but with cautionary language to account for the possibility of a delayed consumption

The Federal Reserve is set to release the minutes of its recent meeting, shedding light on the discussion around interest rates and inflation pressures. Despite indications from Fed Chair Jerome Powell that rates are likely to stay elevated, recent data showing lower-than-expected consumer price increases may prompt a reevaluation of this stance. Several Fed officials,

Tycoon Elon Musk’s arrival on the Indonesian island of Bali has sparked excitement over the planned launch of SpaceX’s Starlink internet service. The Indonesian government is hopeful that this initiative will boost internet penetration and improve health services in remote parts of the sprawling archipelago. Chief investment minister Luhut Binsar Pandjaitan welcomed Musk’s arrival by

Japan’s Nippon Steel is pushing forward with its planned purchase of U.S. Steel, despite facing resistance from various stakeholders. Vice Chairman Takahiro Mori is set to travel to the United States next week to engage in dialogues with key players involved in the deal. This visit is part of continued efforts to gain a better

The recent restructuring of the European Union fiscal framework, which was put into effect on April 30, has raised concerns among analysts at Bank of America Securities. They argue that the new rules could potentially constrain the budgets of many EU member states, making it difficult for them to make critical investments. This move is

According to the median estimate of seven analysts in a recent straw poll, the Bank of Canada is willing to cut interest rates three times before the Federal Reserve makes its first move. The decline in the Canadian dollar relative to the U.S. dollar has raised concerns about its impact on the inflation outlook, prompting

According to analysts at Wells Fargo, there is a prediction of rate cuts by the US Federal Reserve in the near future. However, the bank does not believe that the Fed will move aggressively on rates. This forecast comes amidst the current “higher for longer” rate mentality that has been prevailing, which may have posed

Macquarie analysts have expressed their belief that the latest at-consensus core CPI data may not be sufficient to trigger the Federal Reserve’s decision to initiate a countdown on a rate cut. Despite the report meeting expectations, the firm deems it to be lacking in significant impact. They have acknowledged that an in-line print of the

Minneapolis Fed President Neel Kashkari recently discussed the uncertainty surrounding the current level of monetary policy and its impact on the economy. Kashkari expressed concerns about how much downward pressure monetary policy is putting on the economy, stating that it is still an unknown factor. This uncertainty has led Kashkari to advocate for maintaining interest

The recent surge in bitcoin prices has led to a significant increase in demand for crypto wallet recovery services. Retail investors who have been locked out of their digital vaults are now making frantic calls to regain access to their accounts. Cryptocurrencies exist on a decentralized digital ledger known as blockchain, and investors have the