Economic Daily warns Bitcoin price is “going to zero” as a result of global economic crisis. Bitcoin hovered around $21,000 per digital coin on Saturday. A significant decline from its all-time high of $68,000 in November of last year. Economic Daily, a Chinese state-run publication, has cautioned investors that the price of the major cryptocurrency … Read more
All G7 nations are concerned about impending economic crisis as GDP slows and inflation increases, Scholz says. Falling growth rates in some countries, rising inflation, raw materials shortages, disrupted supply changes. German Chancellor: “All members are concerned”. SCHLOSS ELMAU, Germany (Reuters) – After a session on the global economy at this year’s annual G7 conference, … Read more
World Bank President David Malpass on Thursday warned that the coronavirus pandemic may have led as many as 100 million people back into extreme poverty. Earlier, World Bank had estimated that 60 million people would fall into extreme poverty due to COVID-19, but the new estimate puts the deterioration at 70 to 100 million, and … Read more
China’s exports unexpectedly spiked up for the first time in April as factories competed to overcome the sales lost due to Coronavirus outbreak, but a quite high fall in imports causes trouble declining the global economy. Exports in China witnessed improvement but the overall trade outlook is bare as main economies remain grappled and almost … Read more
