EconomicStability

ECB’s Lane Advocates for Digital Euro to Counter Stablecoin Threats

9 days ago

In a significant statement reflecting the evolving landscape of digital finance, European Central Bank (ECB) Chief Economist Philip Lane voiced strong support for the adoption of a digital euro. Speaking at a recent conference, Lane emphasized that creating a European digital currency is essential to mitigate the growing risks posed by stablecoins, particularly as their popularity and usage increase rapidly.

Telefónica's $1.25 Billion Argentina Sale Faces Scrutiny from President Milei

1 month ago

In a significant development within the telecommunications sector, Spanish telecom giant Telefónica has announced the sale of its Argentine operations for a staggering $1.25 billion. This strategic move is part of Telefónica's broader agenda to streamline its business and shift focus to more profitable markets. However, the deal has not gone without public and political scrutiny, particularly from Argentina’s newly elected president, Javier Milei.

Europe Faces Economic Uncertainty Amid Global Challenges in 2024

6 months ago

In recent developments, European economies are grappling with a myriad of challenges that are shaking the foundation of growth and stability across the region. Observers are now closely monitoring the evolving landscape as both internal and external factors contribute to the uncertain economic environment. Major concerns include inflationary pressures, energy price fluctuations, and the impacts of ongoing geopolitical tensions.

Taiwan Stock Exchange to Reopen After Unprecedented Two-Day Halt

6 months ago

The Taiwan Stock Exchange is ready to welcome the traders and investors once again after the unexpected two-day closure. This sudden stoppage of stock market activities had left the world financial fraternity guessing about the reasons that might have compelled such a strong decision and would have on regional and international markets.

Australian Hedge Fund Party Buoyed by World-Beating Returns

6 months ago

In an astonishing show of fiscal brilliance, Australian hedge funds are taking in their most unparalleled streak of success and making some of the highest returns in the global market. It so happens that recent data reveals these funds have outperformed their international peers and hence are the envy and target of much scrutiny within the financial community.