Banque Misr’s planned sale of its UAE operations highlights the challenges of preserving vital Gulf financial ties. Egypt likes to describe its relations with the Gulf Cooperation Council nations as those of brothers. But those ties faced a test in August when the U.S. threatened sanctions against the United Arab Emirates subsidiary of Banque Misr,…
Every day, the federal government spends nearly $3 billion on interest on its debt. That’s almost $120 million per hour—and it only covers the cost of past borrowing.When the Federal Reserve held interest rates steady on Oct. 28, many in Washington and across the country were hoping for a cut, but the Federal Open Market…
The President of the Bundesbank, Joachim Nagel, who is also a member of the European Central Bank (ECB) Governing Council, hinted that the ECB would need to raise interest rates again. Source link
The Producer Price Index (PPI) for final demand rose 0.3% in October after advancing 1.4% in September and 0.4% in August, the Bureau of Labor Statistics (BLS) said in a Friday (Nov. 13) press release. The October advance was driven by prices for final demand goods, which increased 0.5%. Prices for final demand services rose 0.2%, according to the release. Over…
BVNK has introduced a service that lets businesses convert stablecoin balances into local currency and send the funds directly to recipients’ domestic bank accounts. The service relies on a native integration with Mastercard Move, Mastercard’s global payout service, which reaches more than 17 billion endpoints. Both components form part of the Mastercard Global Money Platform,…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Recent estimates suggest that 5,000 XRP (CRYPTO:XRP) might be valued anywhere from $3,250 to $25,000 by 2028. In comparison, 5,000 Cardano (CRYPTO:ADA) tokens could range from $750 to $12,500, while 5,000 Stellar (CRYPTO:XLM) tokens…
🌊 Bitcoin’s Binance open interest has fallen to roughly $8.3B, its lowest level since August 18th. BTC’s slide toward $68K triggered another cascade of long liquidations, forcing leveraged traders out and removing billions in speculative exposure. 🧹 This flush typically creates a healthier foundation after weeks of stress. The Binance hack two weeks ago started…
🧭 $ETH at -3.6% with price still capped under the lower high – Price is still capped under the 1988.57 lower high after the bounce off 1911.49, so I am bearish on this 1h while daily stays aligned lower versus a bullish weekly backdrop that makes this a counter-trend short needing extra confirmation. Quiet 0.22x…
The federal government on Friday announced a six-month delay in enforcing a Medicaid work requirement — a central provision in President Donald Trump’s “big, beautiful bill” that experts said would lead millions of Americans to lose health coverage. The requirement still technically starts on Jan. 1, but under new guidance from the Centers for Medicare…
Par He Yin, People’s Daily Chinese President Xi Jinping on Sept. 1 attended the 26th Meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) and the “SCO Plus” meeting in Bishkek, Kyrgyzstan, where he delivered important remarks. His speech set a clear direction for the SCO to pursue higher-quality development…
