Irish businesses are set to make a significant change as new rules, approved by the government, mandate them to accept cash. This surprising decision goes against the global trend, where…
Tag: Finance
Euro-Dollar Landscape: Navigating 2024’s Political and Economic Challenges
Euro’s Resurgence in 2023 Sets the Stage After enduring two consecutive years of decline, the euro staged an impressive comeback in 2023, recording a 3% gain against the dollar. As…
Swiss National Bank Maintains Steady Interest Rate Amid Global Uncertainty
The Swiss National Bank (SNB) has opted to keep its policy interest rate unchanged at 1.75%, aligning with analysts’ expectations. This decision, announced on Thursday, reflects the SNB’s assessment of…
Gold Prices Rebound Above $2000 Amidst Fed Rate Decision Impact
Following the US Federal Reserve’s recent interest rate decision, gold prices surged back above the $2000 level on Thursday morning. The yellow metal experienced a gain of 2.79%, reaching $2,053.00.…
Fed Maintains Steady Interest Rates, Signals Potential Cuts in 2024
In its final meeting of the year, the US Federal Reserve opted to keep interest rates unchanged, holding the range between 5.25% and 5.5%. This decision, marking the third consecutive…
Surging Prices Dampen Festive Spirit at Budapest’s Christmas Markets
As the holiday season unfolds, the iconic outdoor Christmas markets in Budapest, Hungary, known for their vibrant atmosphere, are raising eyebrows due to unexpectedly high prices. Against the backdrop of…
US Inflation Dampens Rate Cut Expectations
Anticipation and Disappointment: The Fed’s Monetary Policy Decision As investors eagerly await the latest monetary policy decision from the US Federal Reserve (Fed), the country’s inflation figures, released one day…
Inflation Data Stifles Rate Cut Expectations in the US
Anticipation surrounds the US inflation figures, particularly on the eve of the Federal Reserve’s impending monetary policy decision. The hope for a near-future interest rate cut, seen as a potential…
EU Retreats from Plan to Tax Frozen Russian Assets Amid Legal Concerns
In a significant policy shift, the European Union (EU) has decided to segregate frozen Russian central bank assets held within the EU, abandoning previous commitments to utilize windfall profits for…
Decoding the Digital Euro Dilemma: EU Lawmakers Divided
The European Central Bank’s contemplation of introducing a digital euro has sparked a lively debate among EU lawmakers, with some expressing skepticism and others pushing for its acceptance. The parliamentary…