In today’s rapidly evolving digital landscape, the implementation of SEPAM (Single Euro Payments Area Migration) has brought about significant transformations in the way member states envision the future of cross-border transactions. As businesses and financial institutions adapt to this new messaging system, tailored to meet their specific needs, a wave of revolution is sweeping across […]
Venezuelan Banks Embrace Mir Cards: Russia’s Alternative to Visa and Mastercard
In recent times, the financial landscape has witnessed a remarkable development that could potentially revolutionise the way transactions are conducted in Venezuela. Venezuelan banks have taken a significant stride by embracing Mir cards, Russia’s alternative to Visa and Mastercard. This partnership between Venezuelan banks and Mir cards opens up new avenues for secure and efficient […]
Asians Central Banks to Adopt Iran’s SWIFT Alternative!
In recent years, there has been a significant shift in the global financial landscape as Asian central banks explore alternative options to the traditional SWIFT (Society for Worldwide Interbank Financial Telecommunication) system. This move comes as a response to the increasing geopolitical tensions and concerns over the vulnerability of financial networks to political influences. […]
stock market rally is reminiscent of what led up to the 2008 crisis, JPMorgan Asset Management CIO says.
Introduction: Investors have been cautioned to exercise caution despite the ongoing rally in stock markets, as the current market conditions bear an eerie resemblance to the period preceding the 2008 financial crisis. Bob Michele, the Chief Investment Officer of JPMorgan Asset Management, has expressed concerns about various indicators and risks that mirror those observed […]
World Bank: World Economic Growth Expected to Slow to 2008 Levels
Introduction: The World Bank, a prominent international financial institution, has recently issued a sobering forecast regarding the global economy. According to their latest report, the world is poised to witness a significant deceleration in economic growth, bringing it back to levels not seen since the global financial crisis of 2008. This article aims to […]
Binance US Temporarily Suspends US Dollar Deposits, Raises Concerns Over Future Withdrawals
Introduction: In a surprising turn of events, Binance US, one of the leading cryptocurrency exchanges in the United States, has announced the suspension of US dollar deposits. This move has created a ripple of concern among users as the platform’s banking partners are also preparing to pause US dollar withdrawals as early as June […]
Britain expected to witness the highest rates of inflation among the G20 countries.
Introduction In a recent report, the Organisation for Economic Co-operation and Development (OECD) has raised concerns about the potential inflationary pressures facing Britain. According to the OECD’s predictions, Britain is expected to witness some of the highest rates of inflation among the G20 countries. This projection has significant implications for the British economy, households, and […]
The BIG secret Central Banks worldwide won’t tell you.
Yet it’s no secret that central banks around the world are buying up gold like its going out of fashion.. In the first three months of the year, central banks bought a combined 228 tonnes, the most ever seen in a first quarter, World Gold Council data revealed. This follows up on what was already […]
OPEC Extends Cuts into 2024 and Saudi Arabia Adds 1M bpd Cut in July: The Global Impact and the Oil-Gold Link.
Introduction: The recent decision by the Organisation of the Petroleum Exporting Countries (OPEC) to extend production cuts into 2024, coupled with Saudi Arabia’s additional 1 million barrels per day (bpd) cut in July, has stirred up debates and concerns about the manipulation of oil prices and its impact on the global economy. Critics in the […]
Upcoming Sales of U.S. Treasury Bonds ‘Could Wreak Havoc’
Introduction: The global financial markets are anxiously bracing themselves for the upcoming sales of Treasury bonds, as experts warn that these auctions could potentially unleash havoc on the global economy. Treasury bonds have long been considered a safe haven investment, but recent concerns regarding inflation and rising interest rates have cast a shadow of doubt […]