In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether, as $1 is now worth 15 cents
Aerial view of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard…
Markets need to ‘re-anchor their thinking’: Bank of England chief economist hints that traders have it wrong
LONDON — The Bank of England remains committed to its “key goal” of bringing down inflation, but hopes markets will…
The crisis is over for the British pound, but analysts see further weakness ahead
Traders in London. DANIEL LEAL-OLIVAS | AFP | Getty Images LONDON — The British pound is on firmer footing since…
Netflix adds more than 2.4 million subscribers, reveals details about password-sharing crackdown
Netflix shares skyrocketed more than 14% after the bell Tuesday as the company posted better-than-expected results on the top and…
‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world
Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, D.C., US, on Friday, Sept.…
Is the UK now a buy? Analysts weigh in after market meltdown and Bank of England intervention
A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty…
Pension fund panic led to Bank of England’s emergency intervention: Here’s what you need to know
The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up…
Pound tanking, massive tax cuts and talk of emergency hikes. Here’s what’s going on in the UK
Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images…
Sterling hits record low against the dollar, as Asia-Pacific currencies also weaken
Loading chart… Critics say those economic measures will disproportionately benefit the wealthy and could see the U.K. take on high…
The Japanese yen is at 24-year lows. Here’s what to expect at the next BOJ meeting
The Japanese yen is hovering close to its weakest levels since 1998, and authorities have hinted at taking action to…
Viking Women Were Power Knitters Whose Textiles Provided Vital Trade Across Europe, Researchers Say
The Vikings of legend were fearless male warriors who raided coastal towns across Europe. But archaeological research shows that Viking…
Could China’s Currency Be The New World Reserve?
Get your free subscription to Morning Brew at https://morningbrewdaily.com/economicsexplained Since the end of world war 2 the US dollar has…
European Central Bank action faces stiff early test as the economy teeters on the brink of recession
President of the European Central Bank (ECB) Christine Lagarde speaks during a news conference following the ECB’s monetary policy meeting,…
European Central Bank surprises markets with larger-than-expected rate hike, its first in 11 years
The European Central Bank is increasing interest rates for the first time in 11 years. But in Italy, political turmoil…
Euro teeters on the brink of parity with the U.S. dollar on recession fears
A financial trader monitors data on computer screens as a desktop television shows euro currency banknotes at the Frankfurt Stock…
Switzerland surprised markets with a rate hike. But Japan could cause a much more violent reaction
Japan’s national flag flies atop the Bank of Japan building on November 12, 2019 in Tokyo, Japan. Tomohiro Ohsumi |…
Crypto exchange CoinFlex probably won’t resume withdrawals Thursday as planned, says CEO
Bitcoin and and other cryptocurrencies are in free fall. Dan Kitwood | Getty Images Embattled cryptocurrency exchange CoinFlex will probably…