The renowned Web3 platform WalletConnect, known for linking cryptocurrency wallets, has made the decision to restrict its services in Russia due to the latest guidelines issued by the US Treasury’s Office of Foreign Assets Control (OFAC). These restrictions came into effect on October 30. In an announcement posted on Twitter, WalletConnect stated, “In light of…
IMF Raises Growth Forecast for India, but Challenges Ahead Strong Growth Outlook The International Monetary Fund (IMF) has increased its growth forecast for India, projecting a strong economy in 2023 and 2024. According to the IMF’s October update of its World Economic Outlook, India’s economy is expected to grow by 6.3% in 2023, up from…
Apple Faces Challenges in China: Resurgent Huawei Poses Threat Apple is encountering various obstacles in China, including increased geopolitical risks and a sluggish economy. However, analysts believe that the most significant challenge comes from Huawei, which recently made a major breakthrough in semiconductors despite U.S. sanctions. This poses concerns about how Huawei managed to achieve…
Geopolitical Tensions Identified as Biggest Threat to Global Economy Shift in Perception of Economic Risks for Businesses The latest survey by Oxford Economics reveals that businesses now consider geopolitical tensions to be the biggest threat to the global economy. According to Jamie Thompson, head of macro scenarios and author of the survey, this finding “confirms”…
Easing Inflation Expected to Boost S&P 500, according to Oppenheimer Easing inflation pressures will translate into even more gains for the S & P 500, according to Oppenheimer. The firm raised its year-end S & P 500 price target to 4,900 — the highest in AsumeTech’s Market Strategist survey. That forecast represents upside of 6.8%…
John Kerry, Special Presidential Envoy for Climate, to Visit Beijing Aim of the Visit John Kerry, special presidential envoy for climate, is scheduled to visit Beijing from July 16 to 19. The U.S. State Department announced that he aims to engage with the People’s Republic of China (PRC) on addressing the climate crisis, including increasing…