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Global economy ‘fraught with uncertainty,’ expected to slow: Davos survey

According to the World Economic Forum, the majority of economists believe economic activity will slow in 2024. Report released on Mondayciting the stresses of global conflict and long-term deflationary efforts. “The global economic outlook remains weak and fraught with uncertainty,” the report said. “While there have been positive developments such as easing inflationary pressures and […]

Bank of America upgrades global wind stock after a brutal 2023, hiking price target – CNBC

Bank of America upgraded wind energy giant Ørsted from “neutral” to “buy,” citing an improving risk-reward profile for the battered stock. Shares in the Denmark-headquartered energy company, which also trades in the U.S., have fallen 65% from their 2023 highs as they faced a series of negative headlines about project delays, cost overruns and writedowns […]

Hong Kong Virtual Asset Consortium removes XRP from global index – Cointelegraph

The Hong Kong Virtual Asset Consortium (HKVAC) announces revisions to the Top 5 Cryptocurrency Index, Top 10 Cryptocurrency Index, and Overall Cryptocurrency Index, which will result in the exclusion of several well-known cryptocurrencies from the index. became. recently statementHKVAC, a digital asset trading platform and cryptocurrency market index rating provider, has outlined that Ripple's native […]

Google pulls Binance, other global crypto apps from India store – TechCrunch

Image credits: Getty Images Google on Saturday pulled a number of crypto exchanges, including Binance and Kraken, from India's Play Store, the latest blow to India's already fading Web3 dreams. The ban comes two weeks after the global companies were flagged for operating “illegally” in the country. Late last month, the Financial Intelligence Unit (FIU), […]

Houthi attacks on shipping in the Red Sea risk reigniting global supply chain crisis

Captain James Staples, a lecturer at the Maritime College who has personally dealt with pirates, sheds light on the Houthi attack in the Red Sea in “Kuraman Countdown.'' The attacks by Iran-backed Houthi rebels on commercial ships in the Red Sea, a key crossroads for global trade, have disrupted supply chains just as the global […]