United States President Joe Biden will hold a solo news conference after meeting his Russian counterpart Vladimir Putin next week, denying the former KGB spy an elevated international platform to castigate the West and sow discord.
New Israeli Government Seals Coalition Deals
The new Israeli government set to end Benjamin Netanyahu’s 12-year tenure as prime minister signed its final coalition agreements on Friday, pointedly including term limits. The coalition of parties from far-right to left is expected to focus mostly on economic and social issues rather than risk exposing internal rifts by trying to address major diplomatic issues such as the Israeli-Palestinian conflict.
Britain Economy Posts Record Jump in April, Up 27.6%
Britain economy in April was a record 27.6% larger than a year before, official data showed on Friday, an increase that reflects recent reopening and the scale of disruption to everyday life early in the coronavirus pandemic.
Group Of Twenty (G-20) GDP Returns To Pre-Pandemic Levels
The Group of Twenty (G-20) Nations economy saw gross domestic product return to pre-pandemic levels in the first quarter of 2021, but with large differences emerging between nations. GDP of the G-20 area grew by 0.8% in the first quarter, compared with the fourth quarter of 2020, according to the latest data from the Organisation for Economic Co-operation and Development released Thursday.
Bitcoin Jumping Above $37,000 After El Salvador Passes Law
Bitcoin price surged on yesterday after El Salvador passed a law to adopt BTC as legal tender. The cryptocurrency was trading at $37,176.44 at around 11:42 p.m. ET, up 13% from the previous 24 hours, according to CoinDesk data.
Bitcoin is Set to Become A Gold Replacement: Scaramucci
Amidst the upheaval of Bitcoin, a new news has come in the market. Investors will need to accept the trajectory and level of volatility in bitcoin as the digital currency becomes more widely adopted globally, SkyBridge Capital’s Anthony Scaramucci has said.
Chinese Producer Price Index Surge The Most Since 2008
Chinese producer price index rose 9% in May from a year ago as commodity prices surged, the National Bureau of Statistics said Wednesday. That marked the fastest increase in production costs since September 2008, when the index rose 9.13%, according to Wind Information.