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Technology
The results are in: CBDCs are the way of the future
It’s the biggest evolution in digital money
F&B
Ozen Life Maadhoo brings back tradition with LONU
LONU brings back age-old recipes to life
Technology
AudioSwim heats up ‘Crypto Winter’ with new NFT music track
NFTs set for long-term recovery following current winter of cryptos
Energy
Oil slips as fears of imminent OPEC+ output cut fade
Output cuts likely to coincide with Iran’s possible return to oil markets
Economy
White House shaves off 2.4% from US economic growth in 2022
With Omicron's return, the Ukraine war, inflation, and interest rate hikes
Economy
UK faces threat of over 18% inflation in early 2023
Fueled by soaring energy prices
Markets
Euro drops below 2002 low
Reaching $0.9909
Markets
Global macro-economics dominating this week’s commodity trading
There is an increased risk that the world economy will slow down
Industry
Cotton enters the global crises arena
US Department of Agriculture expects production to fall to the lowest level since 2009-2010
Economy
Awaiting Powell’s speech at “Jackson Hole” … No end in sight to extreme measures
Poll: The Fed will raise interest rates by 50 basis points in September
Energy
TotalEnergies, ENI, make major gas discovery offshore Cyprus
Exploration contributes to energy security, additional gas supply to Europe
Technology
Companies rushing head over heels to invest in crypto startups
Unsurprisingly, NFTs rule the roost
Economy
Can UK’s Truss tax treatment cure Britain’s sickly economy?
Proposed solutions will not avoid a recession soon to show signs of stagnation
Markets
Global Financial Markets in Brief Week August 15
A volatile week on Wall Street with widespread drop in stocks at week’s end
Economy
China trims lending rates again
One week after surprise cuts in key rates
Technology
Tornado Sanctions and the centralization in DeFi
Does the move thwart crime, or individual’s privacy?
Economy
World’s largest sovereign wealth fund loses $174 bn in H1
Led by a 28 percent drop in the value of technology stock holdings
Economy
FED meeting minutes: No backing down from raising interest rates until inflation decreases
'Little evidence' that US inflation pressures are easing
Economy
UK inflation rises to its highest level since 1982
BOE: High energy prices in Europe are the main driver behind inflation
Economy
People’s Bank of China going against global trend, cuts interest rates
Based on economic data that showed lackluster momentum
Energy
Oil prices edge up from 6-month lows after drop in U.S. stockpiles
Oil falls to a 6-month low on Tuesday
Technology
Illicit crypto activity falls as price declines: Analysis
With some notable exceptions
Health
UK first to clear new Moderna vaccine targeting Omicron variant
Vaccine expected to be available to adults as a booster jab from the fall
Technology
Building digital trust can boost GDP per capita by $3000
88% of MEA consumers saw a net improvement in their levels of digital trust
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