Author: Steven Sahiounie

Bitcoin, the world’s most popular cryptocurrency, faced a temporary dip on Tuesday as its value dropped slightly from $30,500 to $29,300. However, this decline was short-lived, and Bitcoin quickly rebounded, surging back up to the $30,000 mark and recovering from its previous losses. This is due to the fact that investors are once again feeling optimistic about assets that retain their value, even as concerns about the banking sector have eased somewhat. Despite the recent ups and downs, Bitcoin remains a popular choice among investors who are looking for a secure and reliable way to invest their money. Ethereum, another…

The XRP price has fallen by 5% in the past 24 hours, with its dip to $0.491066 coming as a correction hits the cryptocurrency market as a whole. Its current price means it has fallen by 5% in a week but is still up by 26% in the last 30 days, with the token also having risen by 44% since the beginning of the year. Despite today’s fall, XRP is primed to witness further gains in the not-too-distant future, with its chart forming a classic pennant, which can signal an incoming breakout. And with Ripple also awaiting the conclusion to…

U.K. inflation unexpectedly remained in double-digits in March as households continued to grapple with soaring food and energy bills. The consumer price index rose by an annual 10.1%, according to the Office for National Statistics, above a consensus projection of 9.8% in a Reuters poll of economists. This is a slight dip from the unexpected jump to 10.4% of February, which broke three consecutive months of declines since October’s 41-year high of 11.1%. On a monthly basis, CPI inflation was 0.8%, above a Reuters consensus of 0.5% and down from the 1.1% of February. The Consumer Prices Index including owner occupiers’ housing…

Goldman Sachs changed its expectations for European Central Bank policy, arguing that recent data, comments from board members, and fewer concerns over the banking sector has allowed for further hawkish action. The investment bank had lowered its expectations for the ECB’s terminal policy rate to 3.5% in the wake of the collapse of Silicon Valley Bank earlier this year. The event sparked concerns that central banks were moving at too fast a pace and needed to take a break from increasing rates. However, “banking tensions have receded in recent weeks as the risk of an outright U.S. banking crisis has declined sharply and European…

In Pakistan’s capital, people are lining up in the hundreds for a single bag of free flour at a government distribution center during the holy month of Ramadan, which ends this week. Amid record inflation and soaring poverty, Prime Minister Shahbaz Sharif announced a relief package in early March offering a bag of free flour to “to the poorest of the poor.” Standing in line under the hot spring sun, 20-year-old Waqas Chaudhry, who works in the tech sector, has never had to ask for charity before in his life. “Everything has become so expensive,” he told CNN. “It has…

HSBC’s biggest shareholder has called on the bank to create a separately listed Asian business headquartered in Hong Kong to fix what it sees as a lack of competitiveness. In a strongly worded statement Tuesday, the CEO of Ping An (PIAIF) Asset Management said that despite improvements, the insurer remained “deeply concerned” about HSBC’s financial performance relative to rivals. “It is necessary for HSBC to push for structural reform to fundamentally address HSBC’s underlying market competitiveness issues, improve performance, enhance value and accelerate growth opportunities in Asia,” Michael Huang wrote. “The HK-listed business would be able to focus on investing resources in Asia and being more attuned to local Asia market…

Nearly a third of Canada’s federal workers walked off the job Wednesday morning in one of the largest strikes in the country’s history. The union representing more than 155,000 government employees says it called the nationwide strike to demand higher pay and clarity on work from home provisions, among other issues. Canadians can expect disruptions on a variety of services, including passport applications and tax returns. Essential services will remain in place. Union and government negotiators are still at the bargaining table. But in a statement released late Tuesday, the Public Service Alliance of Canada (PSAC), the union representing government…

President Mahmoud Abbas met with the Saudi Crown Prince and Prime Minister, Mohammad bin Salman, in the city of Jeddah. The President briefed the Saudi Crown Prince on the latest political developments of the Palestinian cause and the situation in the occupied Palestinian territory. President Abbas praised the great achievements and the comprehensive renaissance achieved by the Kingdom of Saudi Arabia in various fields in light of its Vision 2030, and work to strengthen the Kingdom’s presence and raise its leading position at the regional and international levels, appreciating its active and important role in supporting the nation’s causes, at the…

Iranian Ambassador to Moscow Kazem Jalali met with Russia’s Deputy Foreign Minister Mikhail Bogdanov to discuss the latest plans regarding the quadripartite meeting of the foreign ministers of Iran, Turkey, and Russia, which focuses on the situation in Syria. On April 4 and 5, 2023, the deputy foreign ministers of Iran, Russia, Syria, and Turkey held talks in Moscow. The participants in this meeting discussed the issues related to preparing for the upcoming meeting of the foreign ministers of the four countries. Each of the participating countries clearly and explicitly expressed their positions and viewpoints. The parties agreed to continue their…

IOF launch massive raids and arrest campaigns targeting different cities in the occupied West Bank. The Israeli occupation forces stormed Wednesday dawn Al-Aqsa Mosque in occupied Al-Quds and removed a banner — displayed in solidarity with the Resistance — from the courtyards of the mosque, which resulted in electrical wires being cut off in one of the Mosque’s gates. Concurrently, IOF hysterically searched a Palestinian vehicle in the vicinity of Bab Al-Sahira. The occupation forces also launched wide-ranging raids and arrests that targeted cities in the occupied West Bank, including Jenin, Nablus, Nahaleen, Beit Lahm, Areeha, and Ain Al-Sultan camp, as well…