GDP Growth in the Euro Area and EU in Q3 Matches Q2. Employment Rises 0.9%
(Eurostat) The gross domestic product in the euro area rose by 2.2% in the third quarter, while the EU registered a lower 2.1% expansion. The GDP had increased by similar…
More Australians Earned Through Crypto in 2021 as Adoption Increases, IRCI Survey
(Cointelegraph) About 28.8% of Australians own or have owned cryptocurrencies in 2021, an increase from 18.4% last year. The survey by the Independent Reserve’s Cryptocurrency Index survey, which involved 2,000…
Why Bitcoin Fell More Than Peers During the Weekend Crypto Rout
(Bloomberg) Fundstrat head of digital-asset research Sean Farrell opines that the huge drop of Bitcoin and its slow recovery compared to its closest rivals such as Ether is related to…
China’s Trade Surplus Falls to a Below-Estimate Level in Nov. as Imports Surge
(NBS) China registered a trade surplus of $71.72 billion in November, lower than the forecasted $82.75 billion and below $84.54 billion posted in October. China’s slowdowns in trade surplus reflected…
Uber Jumps on Talks With Careem to Bring Outside Investors Into the Company
(Reuters) Shares of ride-sharing giant Uber Technologies rose more than 2.62% in premarket on Tuesday on talks with the Middle East unit Careem to bring onboard outside investors. The investment…
BuzzFeed Marks Nasdaq Debut With Over 40% Gains After SPAC Deal
(Businesswire) News media company BuzzFeed traded up more than 40% after making a Nasdaq debut on Monday, December 6. The Nasdaq debut happened after BuzzFeed merged with blank-cheque company 5th…
ConocoPhillips Announces a Higher $7B Shareholder Returns Next Year
(ConocoPhillips) Oil giant ConocoPhillips expects to return up to $7 billion to shareholders in 2022, an increase of 16%. ConocoPhillips forecasts an average oil production of 1.8 million barrels per…
Sequoia Capital India Leading Investors Backing Ethereum Bridge Polygon
(TechCrunch) Investors led by Sequoia Capital India and Steadview Capital are reportedly holding talks to back the Polygon network by purchasing tokens worth $50 million to $150 million. The purchase,…
Eurozone Economic Sentiment in Dec. at the Lowest Since April on Covid Fears
(Sentix) The economic index gauging the current situation in the Eurozone was recorded at 13.5 in December, the lowest since April and a fall from 18.3 in November. The decline…
Binance Eyes UK Operations as It Hires Staff to Address FCA Concerns
(The Telegraph) Binance CEO Changpeng Zhao says the crypto firm has hired several ex-regulatory staff in the UK and compliance people as it prepares to bid for approval for operation…
Evergrande Hits a Record Low After Raising an Alarm on $82.5M Debt Payment
(Reuters) Shares of Evergrande hit a record low of HK$1.81 on Monday after falling up to 20% as the Chinese property developer said it might fail on maturing $82.5 million…
China to Boost Economy With $188B Liquidity After Cutting Reserve Ratio by 0.5%
(PBC) The People’s Bank of China has announced a 0.5 percentage point reserve requirement reduction, in a move that will infuse 1.2 trillion yuan or $188 billion into the economy.…
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