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Bank of England Predicts Worst Economic Crash in 300 Years for UK


The Bank of England has predicted the worst economic crash since the Great Frost of 1709. Economists are less optimistic than the central bank about the rate of recovery for the UK economy. “Current conditions are unprecedented in our lifetime and all forecasters are struggling to make...

Blockchain Key to South Korea’s ‘New Deal’ Post-COVID 19 Economic Plan


Source: Adobe/Rochu_2008 How might governments try to drag their economies out of the mire when the coronavirus pandemic finally subsides? Many of those interested in peering into the future are looking to South Korea, where the powers-that-be are already outlining their post-pandemic economic...

Following Economic Trends is Vital to Making Your Trading Strategy Work


In the world of trading, economics and finances go hand-in-hand. There would be little point in trading if the economy was straight-forward and never changed. Due to market fluctuation, it’s important to keep an eye on the current trends in order to make the most out of the economy. In fact,...

Lebanese Currency Collapse: Failed Policies Led to Economic Meltdown


Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles the economic meltdown which led to people’s living situation...

ECB in Full-On Emergency Mode as ‘Unprecedented Decline’ Hits Eurozone


The euro area is facing an “unprecedented” economic decline, the worst since records began. European Central Bank (ECB) President Christine Lagarde paints a picture of a central bank in full-on emergency mode after the bank kept its interest rates unchanged. Unprecedented Economic...

Cryptocurrency Trading Surges in Malaysia as Lockdown Cripples Economy


Cryptocurrency trading in Malaysia has surged as the country endures an extended lockdown, costing its economy an estimated $550 million a day. Regulated cryptocurrency exchanges are reporting substantial growth in trading volumes and new users as people seek “a good store of value...

Chinese Court Declares Ethereum Legal Property With Economic Value


A district court in China has reportedly ruled that Ethereum’s cryptocurrency is legal property with economic value. This ruling follows a couple of other verdicts on the legality of cryptocurrency, including bitcoin, by various Chinese courts. While cryptocurrency is not legal tender...

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