Bitcoin surged over 8% within 24 hours, reacting to the latest U.S. inflation data. The consumer price index (CPI) in the U.S. rose 0.3% in April, compared to 0.4% in March, according to the U.S. Department of Labor. Over the past 12 months, inflation has accumulated to 3.4%. Market expectations had anticipated a monthly increase […]
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EU supports African Union’s G20 bid at India Summit
Charles Michel, head of the European Council, backs the African Union joining the G20. He announced this in New Delhi before the weekend summit. “The EU backs the African Union in the G20,” Michel stated. He added that a unanimous summit outcome might be hard. Key global issues like the Ukraine conflict make it tricky. […]
Banco do Brasil Resumes Support for Defense Sector
Banco do Brasil is reinstating its support for the defense sector through the Official Export Credit System. This reversal came after a meeting led by Vice President Geraldo Alckmin, with key ministers and the bank’s president in attendance. The bank will keep offering interbank guarantees supported by the Export Guarantee Fund (FGE). In addition, these […]
