Paypal officially launched its own cryptocurrency

Payments company PayPal announced the launch of PayPal USD (PYUSD), a stablecoin denominated in US dollars and backed 100 % by US dollar deposits, short-term US Treasury bonds and similar cash equivalents. According to the payment services…

Apple earned 2.25% more in its fiscal third quarter

Apple registered a net profit of 19,881 million dollars in its third fiscal quarter (between April and June 2023), which is 2.25 % more than the 19,442 million dollars obtained in the same period of the previous fiscal year, as reported by…

Fitch strips the US of its “AAA” rating

The credit rating agency Fitch Ratings has lowered the long-term debt solvency rating of the United States one notch, which now stands at 'AA+' from 'AAA' with a stable outlook, as a reflection of the expected fiscal deterioration over the…

Venezuela launches price monitoring application

The National Superintendency for the Defense of Socioeconomic Rights of Venezuela, together with the Ministry of Commerce, is testing the Price Inspection System application, to verify the cost and quality of products in stores in real…

Economic growth picks up in the eurozone

The eurozone experienced a slight rebound in its economic growth during the second quarter, after having stagnated in the first three months of the year, although difficulties persist in Germany, according to what was revealed in a first…