Russian President Vladimir Putin has stated that the U.S. dollar-based global financial system is gradually collapsing. “After all, a currency is a derivative of the power of the economy of the country that issues this currency,” Putin noted, emphasizing: “The share of the American economy in world GDP is declining.” In contrast, the Russian president […]
WordPress Global Sponsorship Program Raises Costs for 2024 to Support Expanding In-Person Events
WordPress’ Community team has proposed a draft for the 2024 Global Community Sponsorship Program, with fees increased to cover the costs of the rapidly expanding number of in-person events. The program supports the volunteer-organized local events so that they can provide free or low-cost access for attendees. It helps companies streamline their …
SEC Postpones Verdict on Ark 21shares and Global X Spot Bitcoin ETFs
The U.S. securities regulator recently announced a delay in its verdict on the Ark 21shares Bitcoin ETF. Consequently, the U.S. Securities and Exchange Commission (SEC) has marked January 10, 2024, as the decisive day to either greenlight or reject the proposed amendment. SEC Pushes Back Decision on 2 Spot Bitcoin ETFs A statement from the […]
Crude Oil on the Rise: JPMorgan Predicts a Surge to $150 per Barrel Amidst Global ‘Energy Supercycle’
Christyan Malek, the lead for EMEA energy equity research at JPMorgan, predicts that by 2026, crude oil prices could soar to $ 150 a barrel. Malek believes a looming energy supercycle could be the driving force pushing crude prices upward. Another significant factor, Malek points out, is the “institutional and policy-led pressures” hastening the …
Global Debt Spikes to Record $307 Trillion Driven by US, Developed Nations
The world’s debt has surged to a record high level in the second quarter, according to the Institute of International Finance (IIF). The increase has also helped lift the global debt-to-GDP ratio which had been declining for seven quarters but is now projected to reach 337% by the end of this year. Major Markets Behind […]