Business

Cryptocurrencies continue to fall as losses hit $1 trillion

By Anadolu Agency The decline that started in November last year in the crypto money market continued with the acceleration of escape from risky assets in a high inflationary environment, Bitcoin and Ethereum carried their downward trends to a seventh consecutive week with losses in the market where reliability is questioned due to recent events

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European Union talks with president Hassan Sheikh on suspended anti-piracy operation to keep controlling Somalia waters as colony

EU Foreign Policy Chief Josep Borrell: Credit to Photographer Olivier Matthys /The Associated Press The European Union has discussed with Somalia’s new corrupt president Hassan Sheikh Mohamoud for Operation Atlanta and if the EU bribe Hassan Sheikh he might sign the contract for Somalia waters to be controlled and used by the EU according to

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Russia halts natural gas delivery to Finland

By Anadolu Agency Russia stopped the natural gas delivery to Finland’s energy firm Gasum due to a lack of payments, Gazprom said on Saturday. According to a written statement by the firm, Finland had to make payments in rubles as of April for the natural gas delivery, Gazprom said and added that deliveries to Gasum

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Qatar to boost investment in Spain by $4.9 billion

The Emir of Qatar Sheikh Tamim bin Hamad Al Thani, left, shakes hands with Spain’s Prime Minister Pedro Sanchez at the Moncloa Palace in Madrid, Spain, Wednesday, May 18, 2022. The emir of Qatar said that his energy-rich gulf state is set to boost investments in Spain by 4.7 billion euros (4.9 billion) dollars in

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UK inflation hits 40-year high of 9.0% as households suffer

People shop at a supermarket in London, Britain, December 24, 2021. Reuters/Kevin Coombs By Reuters British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis. Consumer price inflation hit 9% in April, the Office

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Ghana starts gold purchase programme to strengthen currency

A brick of gold is seen on an artisanal trader’s desk in Tarkwa, Ghana, File. Reuters/Matthew Mpoke Bigg By Reuters Ghana has started a bulk purchase programme to buy gold locally to raise the gold component of its reserves, Central Bank Governor Ernest Addison said on Tuesday, in a bid to strengthen the cedi currency

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Central African bank regulator reminds states of crypto ban

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. Reuters/Dado Ruvic/Illustration By Reuters Central Africa’s regional banking regulator sent out a reminder on Friday about its ban on cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender. The Banking Commission of Central Africa which regulates the

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Biden hails ‘critical’ ties while hosting Southeast Asian leaders for summit

Crtedit to Photo Twitter /POTUS By Anadolu Agency US President Joe Biden hailed on Friday relations with Asian partners, saying the US relationship with southeast Asian nations is “critical” to meeting shared challenges. “We’re committed to a future where the rules and norms that have made possible so much growth and prosperity, and stability Indo-Pacific

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Asian shares bounce back, shrugging off inflation concerns

A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at a foreign exchange dealing room in Seoul, South Korea, Friday, May 13, 2022. Asian shares bounced back Friday from losses earlier in the week, shrugging off data showing U.S. wholesale prices soared 11% in April from a year earlier.

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UK economy shrinks in March as recession risks mount

General view of the Bank of England, in London(AP Photo/Alberto Pezzali) By Reuters Britain’s economy unexpectedly shrank in March, marking a weak end to the first quarter of a year when the risk of recession is looming and increasing pressure on the government to offer more support to inflation-hit households. Gross domestic product fell 0.1%

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