The Central Bank of Lebanon announced that it plans to launch its own cryptocurrency next year.
As indicated by the financial institution of the region, this measure is taken in order to combat the economic and financial crisis they are going through.
Riad Salameh, governor of the bank, indicated…
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economic crisis
Exxon Mobil faces heavy losses
The crisis that has been dragging the oil company Exxon Mobil since 2013 worsens and reaches losses, during the third quarter of 2020, of about 680 million dollars.
As if this were not enough, the oil company has laid off a high percentage…
Costa Rica seeks to fight the economic crisis
The president of Costa Rica, Carlos Alvarado, and his counterpart in Parliament, Eduardo Cruickshank, summoned some 70 organizations for this Friday with a view to a new dialogue to address the financial crisis in which the country is mired…
Latin America seeks to get out of the crisis with Europe’s aid
The Ibero-American Secretary General, Rebeca Grynspan, called on Europe to help the countries of Latin America and the Caribbean face the way out of the crisis generated by the pandemic.
This was stated by Grynspan during the conference…
Access to dollars in Argentina is increasingly difficult
The Argentine peso has registered a significant loss in value. In addition to this, citizens face greater difficulties in obtaining dollars. Argentina is at a critical moment in economic matters.
The measures taken by the Central Bank of…
European Commission to study request for stringent regulations on cryptocurrencies
The finance ministers of the European Union met this Friday in Berlin, Germany, for the first time since the implementation of the quarantine due to the Covid-19 pandemic.
One of the main topics on the agenda was cryptocurrencies. The…
President of the Dominican Republic promulgates Complementary Budget Law
This Monday, September 7, the president of the Dominican Republic Luis Abinader announced economic measures to mitigate the effects of the Covid-19 pandemic in the country. The main decision focuses on the promulgation of the Complementary…
European banking requests about 15,000 million euros to the ECB
Most of the funds, as every week, have been requested in the twelfth round of long-term financing operations (LTRO) that the ECB announced to respond to liquidity demands from banks until June, such as part of his first response to…
UK to assume 80% of wages
The Government of the United Kingdom will be responsible for four more months, until the end of next October, to pay 80% of the wages of workers affected by job suspensions due to the coronavirus pandemic, up to a maximum of 2,500 pounds,…
Airbnb announces layoff of 25% of its workforce
Airbnb, a leading company in various areas of the tourism sector, has been strongly affected by quarantine due to the coronavirus pandemic. Its income has decreased to the point of making the dramatic decision to fire some of its staff. The…
Santander, Zara and Movistar are leaders in the Spanish market
According to the report published by Brand Finance, the independent consultancy firm for brand valuation, the Santander credit institution has positioned itself as the leader of the most valuable brands in the European country.
According…
Tax reform would seek to overcome economic difficulties in Venezuela
As part of the restructuring of monetary policies, Nicolás Maduro and the National Constituent Assembly are promoting a tax reform that will charge a tax between 5% and 25% on transactions in foreign currencies and crypto assets, thus being…