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Nalezeno "Pandemic": 429

IMF Predicts Worst Global Crisis Since Great Depression, Costing $9 Trillion


The International Monetary Fund (IMF) said the world’s current economic crisis is the worst downturn since the Great Depression, and no country is spared. The IMF estimates that the cumulative loss to global GDP from the pandemic could be around 9 trillion dollars. Also read: IMF Declares...

NEO Bets On Post-Pandemic Blockchain Boom: 'May The Fittest Survive'


NEO founder forecasts post-pandemic blockchain boom, and NEO, regularly titled as “Chinese Ethereum,” is going to capitalize on it. Da Hongfei, the founder of China-headquartered NEO, a blockchain platform for distributed apps, and of Onchain, a blockchain development company for enterprise...

80 Banks Charge Negative Interest Rates as Crisis Deepens in Germany


Amid the coronavirus pandemic and deepening financial crisis, the number of banks charging customers negative interest rates in Germany has accelerated. At least 80 banks now reportedly charge negative interest rates, 16 of which apply this policy to even small deposits. Also read: IMF Declares...

Venezuela’s Response to the COVID-19 Pandemic? More Petro!


Venezuela’s economic situation – already perilous before the coronavirus pandemic – is now worsening due to the spread of the deadly disease. And with the fiat bolivar struggling, Caracas once again appears to be turning to its own, oil-backed token, the petro (PTR), in the search for economic...

2 American Banks Have Failed Since Coronavirus Started Spreading in the US


Since the coronavirus started spreading in the U.S., two banks have failed and were shut down by state banking authorities. One was a bank in West Virginia and the other was in the state of Nebraska. The governor of West Virginia has already issued a stay-at-home order due to rising covid-19 cases....

10 Countries Actively Regulating Cryptocurrency Despite Global Crisis


Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South...

Unemployment Seemingly Next Pandemic in the US


Coronavirus epidemic is wreaking havoc on the nations all across the world, thrashing away the world economy, which will soon result in massive unemployment all across the world. The New York Times has recently quoted some of the remarks made by federal officials in its Twitter handle: Vacant jobs...

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