International Economic
US producer prices jump past forecasts in June
Producer prices in the US jumped at twice the expected pace last month but some economists expected them to rise more slowly from here on forwards.
Fed ready to step in if inflation spirals - Powell
Jerome Powell has assured Congress that the Federal Reserve is prepared to step in should inflation surge out of control, but insisted recent rises were likely largely temporary.
Eurozone industrial production eases in May, missing forecasts
Industrial production fell across the Eurozone in May, official data showed on Wednesday, held back by supply constraints.
The ECB launches the digital euro project with research to end in 2023
Important day for the future of money in the euro zone. The European Central Bank (ECB) has announced that it will move forward with the digital euro, at a time when central bank digital currencies (CBDCs) are in the crosshairs of governments and monetary regulators across the globe. Around 80% work in them. For the entity led by Christine Lagarde, giving the green light to the next phase means that the issuing institute will enter a period of exploration of this ecosystem that will last about two years.
The three factors with the potential to bring bitcoin out of its summer slumber
The markets are abandoned these days to the usual summer tranquility, when the opportunities and the volume of operations is lower than normal, a panorama that is especially noticeable in cryptocurrencies. While global stock markets in general maintain the good tone they have been showing throughout the year, despite growing doubts about the coronavirus and the expansion of the Delta strain, bitcoin and the rest of 'altcoins' have not just come out of the correction that has lasted for two months now, but a number of factors can enliven the summer period for crypto assets.
Bitcoin abandons its role of hedge against inflation and falls towards $30,000
Bitcoin maintains its negative tone this Wednesday after chaining two days of falls that have seen the digital asset approach the low part of its trading range, at $30,000, after the US inflation report that showed how consumer prices were they rose to their thirteen-year high. However, buyers have once again taken advantage of the falls to buy the most traded of digital currencies and the price hovers above $31,000. Ethereum has still suffered a further decline, changing hands below $1,900 and the total capitalization barely exceeding $1.
Paraguay puzzles with its bitcoin law: seeks to control 'cryptos' through the State
Big shock for the expectations that the new legislation that will be voted between this Wednesday and Thursday in Paraguay to regulate bitcoin and cryptocurrencies will follow in the footsteps of El Salvador and convert the digital asset into legal tender. A draft of the rule that has been leaked on the Internet and that has been echoed by various media outlets reflects that the legislation seeks to control operations with 'cryptos' and subject them to the payment of taxes.
Lufthansa predicts 60-70% of pre-pandemic passenger numbers by end of 2021
Lufthansa is targeting 60-70% of pre-pandemic passenger numbers by the end of the year, said a manager at the airline.
Nassim Taleb claims bitcoin is worthless and fails as a currency
The author of 'Black Swan', Nassim Nicholas Taleb, claimed recently that bitcoin has failed as a currency without government, as a hedge against inflation and as a safe haven investment.