International News
Apple warns of risks of installing unapproved apps ahead of antitrust debate
Apple warned late on Tuesday of the risks of allowing iPhone users to download unapproved apps ahead of a debate in Congress where lawmakers are set to discuss a series of antitrust bills.
US close: Nasdaq registers another record close
Wall Street stocks put on a mixed performance on Wednesday, with the Nasdaq Composite seeing out the session at yet another fresh record high.
Europe close: Stocks retreat amid inflation concerns
European shares retreated on Wednesday as investors fretted over eurozone surveys showing a better-than-expected rise in June activity, but alongside rising inflation pressures.
US new home sales fell sharply in May, economists say 'boom' over
New home sales in the US fell sharply last month as the boom in demand for living in the suburbs in the wake of Covid-19 ebbed.
Bitcoin for 'the buy'? Volatility and transaction confirmations call it into question
Since El Salvador took the first step towards what in the crypto community is called 'bitcoinization' of the economy, thousands of experts and institutions have raised their eyebrows regarding the suitability of the creation of Satoshi Nakamoto to be used for such simple gestures as buying a loaf of bread or paying for breakfast. Many are the doubts that arise about the usefulness of bitcoin in shops of all kinds, from the supermarket to the hairdresser, despite the fact that since the decision of the Salvadoran Parliament of June 9 they are obliged to accept the cryptocurrency in any type of exchange of goods and services.
ECB insists digital euro will be 'an easy, cheap and risk-free complement'
Despite the fact that the decision on whether the eurozone will develop and launch a digital euro is still on a very distant horizon - three or four years ahead, according to the president of the European Central Bank (ECB), Christine Lagarde -, the supervisor European monetary policy is developing a theoretical and technological model on which the future currency could be based. And it must be "a complement and not a substitute" for the euro as we know it, said Mayte Arráez, deputy of the market infrastructure support division of the European Central Bank (ECB).
US economy continued running hot in June, IHS Markit says
America's economy continued to expand at a very brisk pace in June, although inflation continued to be a potential risk, the results of two surveys revealed.
Delta plus variant reclassified as 'variant of concern', experts sanguine for now
India's Health Ministry has upgraded a new variant of Covid-19 dubbed Delta plus to a "variant of concern".
China’s ongoing crusade against bitcoin: ‘Negative in the short term’, but positive in the future?
The cryptocurrency market is stuck in a conflict between the seller panic caused by the latest news from China, where the country's government tightens restrictions on cryptocurrency businesses, from mining to buying and selling, and greater support of Wall Street investors. Digital currencies have suffered a new blow in the heat of the steps taken by the People's Bank of China to continue encouraging the exile of companies related to the crypto sector, but prominent members of the market remain upbeat and assure that it will be positive in the future.
Relief for bitcoin in Wednesday's rally after falling below $30,000
Bitcoin rebounds with joy this Wednesday, after on Tuesday, June 22, the creation of Satoshi Nakamoto experienced strong downward pressure that led the cryptocurrency to pierce the level of $30,000, for many considered a market floor. With the comeback, the popular crypto is up almost 6% and on its way to $ 35,000, far from the six-month low of $28,900 hit yesterday. However, volatility does not disappear in the crypto asset and experts warn that "the downward trends are still in control.
US current account deficit widens by less than expected in Q1
America's shortfall on foreign trade and income flows with non-residents widened by less than anticipated at the start of the year.
Europcar said to have rejected €2.2bn bid from Volkswagen
Europcar has reportedly rejected a €2. 2bn bid from Volkswagen.
US pre-open: Futures in the red after Nasdaq notches up another fresh record close
Wall Street futures were in the red ahead of the bell on Wednesday after the Nasdaq Composite saw out the previous session at yet another fresh record high.
Inflationary worries resurface as eurozone June PMIs show prices rising
Soaring demand and rising prices in the eurozone in June have fuelled further concerns about inflation after a key survey showed June business activity in the region rising at its fastest rate in 15 years this month.
Hong Kong's Apple Daily to print last edition on Thursday
Hong Kong’s pro-democracy tabloid Apple Daily said it would print its last edition on Thursday after numerous raids by the police that ended with its owner and other staff arrested.
Chinese EV maker Xpeng Motors gets approval for Hong Kong listing
Chinese electric carmaker Xpeng Motors got approval on Wednesday to carry out an initial public offering (IPO) in Hong Kong.