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Spain’s Lawmakers Plan to Provide Basic Income to Low-Income Residents


Spain is preparing to provide universal basic income (UBI) to low-income individuals due to the wrath of the coronavirus, the country’s minister for economic affairs Nadia Calviño recently explained. There’s no set date yet for the UBI program, but Spain’s officials said they...

Has Zimbabwe Made U-turn on Bitcoin? Cryptopreneurs Still Skeptical


Despite the Reserve Bank of Zimbabwe (RBZ) said that it will create a regulatory sandbox for crypto entrepreneurs, local industry players warned not to get too excited and urged to wait for results. In March, the bank announced that it has started drafting a policy framework. “The framework...

JPMorgan, Bank of America, Deutsche Bank Predict Major Recession


Big banks are predicting a major recession, the deepest one in the post-war era. JPMorgan Chase CEO Jamie Dimon said his bank cannot be immune to the resulting financial stress while Bank of America expects the U.S. economy to “collapse” and Deutsche Bank has forecasted a severe global...

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