Cryptocurrency market value jumps $35bn in 24 hours led by surge in bitcoin

Cryptocurrency market value jumps $35bn in 24 hours led by surge in bitcoin

On Thurdsay April 30, 2020 the entire market value of cryptocurrencies increased by $35bn (mcap as of 04/05/2020 is $243bn). This was mainly due to Bitcoin which by 29/04/2020 reached a price of $9,388.30 up from $7,746.90 on 28/04/2020,...

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Is shipping industry Covid paralysis an opportunity for investors?

Is shipping industry Covid paralysis an opportunity for investors?

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What will be the impact of Trump’s funding cuts to WHO?

What will be the impact of Trump’s funding cuts to WHO?

US President Donald Trump has been condemned by world leaders for cutting off funding to the World Health Organisation (WHO).World leaders say that this will seriously affect the fight against the coronavirus pandemic. Trump accused the WHO of “failing...

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How is the decrease in remittances impacting African economies?

How is the decrease in remittances impacting African economies?

Remittances to Africa are sharply declining as a result of COVID-19. Statistics from one payment company show that transfers from Britain to Africa have fallen by 80% and another show transfers from Italy have fallen by 90%. Many individuals...

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What will Covid-19’s impact be on the food industry, investors and the economy?

What will Covid-19’s impact be on the food industry, investors and the economy?

Netherland farmers are currently faced with an increasing stock-pile of unsold potatoes, on the back of the freeze in the hospitality sector. With over a million tons of potatoes left over from last season and farmers now selling their...

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Can the IMF bailout the global economy?

Can the IMF bailout the global economy?

The International Monetary Fund (IMF) has 189 members, and among other functions, fosters global monetary cooperation, secures financial stability, facilitates international trade, promotes high employment and sustainable economic growth.Due to the COVID-19 crisis, Governments are desperate for cash, with...

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Is retail dead? 4,000 stores and up to 120,000 jobs lost in less than 30 months

Is retail dead? 4,000 stores and up to 120,000 jobs lost in less than 30 months

While the apparent death of Debenhams this week and the demise of Primark and its 189 sweatshop fed stores a couple of weeks ago may not bring a tear to many – it is not the coronavirus crisis that...

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The rising demand for gold outstrips supply

The rising demand for gold outstrips supply

The panic around the coronavirus has ignited the demand for gold and the disruption in the global supply chains is making gold harder to get to. Refineries and mines are being shut down, commercial flights are few and far...

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How will Covid-19 travel curfews affect the mining industry?

How will Covid-19 travel curfews affect the mining industry?

Covid-19 pandemic travel curfews are impacting mining team’s ability to reach their mines and while this is setting off alarm bells for some economists, there are several outcomes for mining companies and they are not all bad. The shortage of...

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Will the coronavirus rebuild life sciences?

Will the coronavirus rebuild life sciences?

The world’s fastest supercomputer has quickly identified an initial 8,000 possible chemicals that might, in more time, lead to one that could stop coronavirus and is safe to use on humans, so there is hope from several areas (both...

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