The price increase in the euro currency area climbed to a record high in August. Goods and services rose in price by more than nine percent on average. Inflation in the eurozone passed the nine percent mark in August. Consumer prices in the 19 countries that use the euro as their currency climbed 9.1 percent over…
Inflation is at its highest level in decades. A trend reversal does not appear to be in sight. Will inflation become a long-term problem? And what can central banks do? The tank discount is running out, the end of the 9-euro ticket is imminent – and consumers are now also faced with the gas levy. All of this will…
On July 27th, the Fed‘s Monetary Policy Committee unanimously decided to increase the basic interest rate in the United States by 0.75 percentage points, to the range 2.25%-2, 5% a year, in an attempt to hold back inflation. The bank will not consider stopping raising the basic interest rate in the United States until inflation…
Is cryptocurrency a good protection against inflation? Bitcoin still owes proof of this. Most recently, the cryptocurrency fell back below the $20,000 mark. Last night, bitcoin once again had to give up the psychologically important mark of $20,000, which it has been struggling with since the summer. At the moment, the most important cryptocurrency is…
The Berlin Nuri Bank is insolvent. Around half a million customers have an account with fintech, which specializes in cryptocurrencies. What the case says about the problems in the industry. The message appears in a small, gray box on the homepage. “Nuri filed for bankruptcy on Tuesday, August 9, 2022,” says the Nuri Bank website. If you…
United States sanctions have weighed heavily on the Iranian economy for years. In order to circumvent them, the Islamic Republic now wants to carry out an import transaction with a cryptocurrency for the first time. Iran placed its first cryptocurrency import order this week, officials said. This is reported by the semi-official agency Tasnim. The order is…
