Source: depositphotos.com
Reading time: ten minutes
The COVID-19 pandemic and the effort made on behalf of governments to keep the situation under control led to astounding expenses for all nations across the globe.
In the first quarter of 2020, China’s economy shrank by 6.8% year-over-year. Soon, it was followed by the Eurozone, whose finances also shaved off 14.8% compared to last year, as well as by the U.S. with its year-over-year decline of 4.8%.
Source: Unsplash.com | Photographer: Trent Yarnell
We are informing all our clients that, due to the upcoming Independence Day holiday in the U.S. (July 4th, Saturday), the trading hours of some CFD markets will change.
Source: Pexels | Photographer: Alessandro Nofi
Reading time: two minutes
The Canadian multinational company, formerly known as Research In Motion, announced its total GAAP revenue for its first quarter of fiscal 2021. The amount: $206 million, or а 17% decline year-over-year than the $247 million the company had generated for the same period last year.
Source: Depositphotos
Reading time: two minutes
The cloud and data management service provider posted lower than expected earnings that led to a 5% drop in its share price in extended trading hours on Tuesday.
Source: Depositphotos
Reading time: five minutes
For the past several months, the Chinese government has been hard at work to create an electronic equivalent of its national currency—the Renminbi. If successful, the e-RMB will become the first digital currency to be officially used by a leading economic power.
With that said, there are growing concerns that Chinese officials might abuse the power that comes with a state-backed digital currency to further their nationwide surveillance efforts.
