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Economy and Business

Euro Increases After Spanish CPI, As the Dollar Declines to an 8-month Low

The dollar rose on Monday, a day before the Federal Reserve was due to begin a two-day policy meeting, while the euro was boosted by unexpectedly high inflation data before the European Central Bank meets on Thursday.

A Decentralized Protocol That Integrates Several Financial Derivatives Is BitPencil

BitPencil, a decentralized financial derivative agreement initiated by the Access Bitcoin Foundation, its business includes funds, insurance, options and other financial derivatives.

The British Finance Minister Promises Post-brexit Adjustments While Sticking to His Tax-hike Plans

British Finance Minister Jeremy Hunt on Friday signaled he is pushing ahead with tax hikes while stressing the need to develop Brexit into a “catalyst” for U.K. growth.

UAE Fintech Wafeq Raises $3 Million to Expand to Egypt and Strengthen Its Saudi Footprint

Wafeq, a UAE-based financial software company for small and medium enterprises, raised $3 million in a seed funding round led by Raed Ventures with participation from Wamda Capital.

Treasury’s Financing Estimates Are Under Close Examination Due to the Debt Ceiling Saga

The US Treasury’s quarterly financing estimates due next week will be closely watched to gauge the department’s view on how the debt-ceiling drama will unfold. The Treasury on Monday will release.

Us and Eu Negotiate Agreement to Expand Access to Inflation Reduction Act

The US and the European Union are discussing a possible deal on minerals and critical raw materials in a bid to allow the EU to qualify for benefits in President Joe Biden’s massive new green investment plan, according to people familiar with the matter.

Pakistan Asks the US for Assistance in Obtaining a $1.1 Billion IMF Loan – Dawn

Pakistan has sought support from Washington to unlock a stalled International Monetary Fund program that would release $1.1 billion to its strained economy as the country rebuilds after last year's devastating floods.

Dollar Steady As Markets Await US GDP Data

The dollar was little changed in early trade in Europe on Thursday, with the market apparently content to wait for U.S. GDP figures before taking new positions.By 02:55 ET (07:55 GMT), the dollar index, which tracks the greenback.

Amid Outflows, Deutsche Bank Fund Unit Increases Focus on ETF Target

Deutsche Bank AG’s investment arm said it won’t walk away from a goal of becoming Europe’s second-biggest ETF provider after an analysis showed it was among the few in the industry to lose client cash in 2022.

Debt Ceiling: If Government Defaults, 6 Million Jobs and 7% Unemployment Are at Risk

Moody’s Analytics released a report claiming that the country would lose 6 million jobs, see the unemployment rate skyrocket to 7% (double the December rate of 3.5%), and be stripped of $12 trillion.

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