Worldwide

Fed likely to increase interest rates by 75 basis points tomorrow

If approved, increase will be the largest since 1994

Global markets’ sell-offs inflict significant losses

Blame the release of the recent US inflation report

The trades that triggered UST’s collapse

Collapse may pose threat to consumer confidence; unlikely to stop growth

Global warming could cost global economy $178 tn by 2070: Deloitte

The losses account for 7.6% cut to GDP in 2070 alone

US inflation beats expectations, hits a new 40-year high in May

Yellen says the US is experiencing "unacceptable levels of inflation"

UNCTAD: Global FDI may decline or remain flat in 2022

FDI rebounded to nearly $1.6 tn last year

Elon Musk issues direct threat to walk away from Twitter deal

He threatened termination over spam bot dispute

Connected Cars: changing the way the world moves

Are you just driving in your car? That will soon be a thing of the past!

Tomorrow’s ECB meeting prepares for a “slow and steady” rate increase

Banks are charged a negative 0.5% fee on their central bank deposits

People see Bitcoin as a future means of transaction

Bitcoin could bring equity in finance as never before

DeFi-driven speculation pushes DEXs’ transaction volumes past those on CEXs

15 months ago, DEXs first eclipsed CEXs in on-chain transaction volumes

Citibank, Barclays raise oil price forecasts

Citi estimated Brent to average $75 per barrel in 2023

Global Financial Markets in Brief week of June 1

US Treasury yields at their highest level in 2 weeks following jobs’ data

CRTKL pledges all projects to be climate positive by 2030 and 2040

The company champions sustainable design to reach net-zero

How much oil does the EU import from Russia?

About 90 percent of Russian oil imports to the bloc will be stopped

Biden pledges to Fed chief freedom of action to confront inflation

The Open Committee meets on June 15,  to approve 50 basis points increase