You occasionally come across a dirty, tattered dollar bill that appears to have been around since the dawn of time. Without a doubt, it hasn’t, yet the history of humans using cash currency dates back 40,000 years. Beginning in the Upper Paleolithic, when groups of hunters exchanged for the best flint weapons and other artifacts, …
Bitcoin, the largest and most popular cryptocurrency, has dropped to $24,000, while almost all altcoins, beginning with Ethereum, have been losing value since the weekend. Ethereum is trading at around $1238, its lowest level in more than 14 months. Solana also has dropped by more than 15% and is now trading around $27. Today, cryptocurrency …
Gold reaches weekly highs despite rising yields. Following the release of the US May CPI report, XAU/USD fell to $1824, the lowest level in three weeks, as Treasury yields rose. Gold broke above $1850 and gained strength after moving sideways in a wide range. Technical factors, as well as the yellow metal’s likely reaction to …
While the war in Ukraine has harmed the global economy and is a humanitarian disaster, inflationary pressures had been building for months prior to Russia’s invasion. Broader supply chain disruptions have also been a challenge; however, even with high inflation, we are seeing signs that these issues are easing. Inflation is primarily caused by U.S. …
The Reserve Bank of India raised the repo rate, or the rate at which banks borrow from the central bank, by a significant 50 basis points to 4.9 percent on Wednesday. The move is part of the RBI’s reversal of accommodative policies aimed at stimulating growth. Nonetheless, the central bank maintained its 7.2 percent growth …
Ukraine has accused Russia of stealing “several hundred thousand tonnes” of grain from Ukrainian areas occupied by Russia. The allegations come amid growing concerns about a global food crisis as a result of Ukraine’s inability to export millions of tonnes of grain through its blockaded ports. According to a New York Times report earlier this …
Climate change may force coastal residents to relocate, according to the United Kingdom. Bevan stated on the UK government’s website that the effects of climate change would “continue to worsen.” He went on to say that it was “inevitable” that some of his communities would have to relocate away from the coast. Bevan of the …
The World Financial Institution warned on Tuesday that the hope of avoiding a recession is fading for both large and small countries around the world. “Recession will be difficult to avoid for many countries,” said the bank’s chairman, David Malpass. The grinding conflict in Ukraine, ongoing supply chain chokepoints, Covid-related lockdowns in China, and dizzying …
According to Temasek’s Steve Howard, livestock provides about 18 percent of calories, but farm animals occupy 80 percent of agricultural land. In some markets, livestock consume up to 80% of grain. If consumption patterns change, those resources can be diverted away from livestock farming. According to the chief sustainability officer of Singapore’s state investor, the …
Plant-based protein can be good for food security Read More »
According to the Institute for the Study of War, Russian forces still control the majority of Severodonetsk as of June 6, though the precise situation in the city is unknown. Ukraine’s President Zelenskyy has stated that his country’s forces will not abandon their positions in Severodonetsk. Former German Chancellor Angela Merkel has stated that the …
