Cross-border transactions are difficult for people without a national identity, and that’s where bitcoin can save the day, says Glen Roberts who is stateless after renouncing his US citizenship. Glen Roberts, author of ‘How to Renounce Your U.S. Citizenship in Two Easy Steps’ gave up his...
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The Federal Reserve will look past low inflation and drop a pledge to keep interest rates near zero for a “considerable time” as it seeks an exit from the loosest monetary policy in its 100-year history, economists said. As Bloomberg reports, the Federal Open Market...
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The ruble plummeted into a freefall, losing as much as 19% as panic swept across Russian financial markets after a surprise interest-rate increase failed to stem the run on the currency. The ruble sank beyond 80 per dollar, a record low, before rebounding to 68 after...
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According to the UK Office for National Statistics, the growth of consumer prices in the state amounted to 1% year on year in November this year. Analysts already have noted that the inflation rate is the lowest for the past 12 years. The last time...
Read MoreThe number of new houses in the United States of America, whose construction had started in November of this year, decreased by 1.6% compared to October. The information is officially confirmed by the Ministry of Commerce of the state. Traditionally, Bloomberg conducted a special survey, in...
Read MoreScientists report that soon our planet risk facing rapid extinction of its biodiversity. This is not just "empty" warning. If the extinction of species remains at the existing level, Earth will face as many as 75% of various living creatures. At the moment, according to...
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According to the journalists of The Wall Street Journal, various international financial institutions gradually restrict all sorts of operations, connected one or another way with the ruble - the national currency of the Russian Federation. The main reason for the confusion - is too significant...
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President of the United States of America, Barack Obama, officially set his signature to the document on the budget adoption for the coming year. The US Congress recently passed a law on the federal budget of $ 1.1 trillion. The official document states the financing...
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Major banks across Europe, as well as the UK, US, and Japan, are at major risk should the Russian economy default, according to a new study by Capital Economics. The ING Group in the Netherlands, Raiffeisen Bank in Austria, Societe General in France, UniCredit in Italy,...
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The Swiss National Bank has switched to a negative deposit rate for some deposits, as it seeks to avoid excessive growth of the national currency. The ruble crisis and unrest in global financial markets have fuelled demand for the Swiss franc. From January 2015 the Swiss...
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No one is sure how Russian President Vladimir Putin would respond to a full-blown economic crisis, writes The Observer. It mattered in 1998 when the shock waves from its debt default reverberated around the world. And it would matter again should the plunging oil price...
Read MoreAnalysts of the biggest international rating agency Standard Poor's said that yield of banks of the Russian Federation will be reduced twice as of the current year-end. Experts have reported that net profit this year will reach about half of revenue in the previous year,...
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