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World News

A collection of 429 issues

Turkey prepares for a radical shift in economic policy

Turkey's central bank may raise interest rates to 40 percent Such a decision would be a radical change in economic policy in recent years. Experts are ready for unconventional steps amid a change in economic leadership following the presidential election in which Recep Tayyip Erdogan retained his post.

European Web3 Summit kicks off in Brussels

On Tuesday and Wednesday, Brussels will be the center of the EUROPEAN WEB3 SUMMIT BRUSSELS crypto-summit. It will be attended by politicians from countries that are interested in implementing new blockchain technologies, as well as Web3 industry leaders. The venue is the Bibliotheque Solvay. The purpose of the conference is

Binance is winding down operations in Canada

Cryptocurrency exchange Binance announced that it is winding down its operations in Canada. "Unfortunately, new guidelines related to stablcoins and investor restrictions given to cryptocurrency exchanges make the Canadian market unsuitable for Binance at this time," the company said in a statement

Bittrex filed for bankruptcy

Cryptocurrency exchange Bittrex has filed for Chapter 11 bankruptcy. According to court documents, the company has about 100,000 creditors with total liabilities ranging from $500 million to $1 billion. The bankruptcy filing has nothing to do with Bittrex Global, which operates outside the United States.

Chinese Foreign Ministry

Chinese Foreign Ministry says "broken positive momentum" in relations with the U.S. Chinese foreign minister urged Washington to review its policy towards China and to respect the country's "red lines", especially the Taiwan issue

World central banks bought up record amounts of gold at the end of the first quarter

World central banks have bought a record 228 tons of gold in the first quarter of 2023. It is reported in the report of the World Gold Council (WGC). Central banks have increased gold reserves by 228 tons in the first three months of 2023, which was the record for

New World Bank president named

The post of president of the World Bank following the resignation of David Malpass will be taken by the former head of Mastercard, Ajay Banga. The organisation's management on Wednesday, May 3, elected Ajay Banga for a five-year term. The former head of Mastercard as the 14th president

Unmanned cars will bring in up to $400bn

Companies in China are using assisted-driving technology as a way to compete in the electric car market, CNBC reports. At the Shanghai Motor Show, which kicked off last week, electric car startups and Chinese technology companies made several announcements about their driver assistance technologies. It remains to be seen how

Turkey could lose $5bn in reserves in a week

The Turkish central bank's total gross reserves are expected to fall by more than $5 billion to about $116 billion due to rising demand for foreign exchange as the country approaches elections in May, Reuters wrote. According to calculations based on central bank data, the drop in gross

Civil servants in China move to CBDC salaries

China will launch a pilot programme to pay civil servants in digital yuan (e-CNY). The first to test it will be workers living in the city of Changshu. From May, they will be paid entirely in CBDC.