Cryptocurrencies “100% based on the greater fool theory”: Bill Gates

Microsoft Corp. co-founder Bill Gates said he thinks cryptocurrencies and NFTs are “100%” based on the greater fool theory. The 66-year-old billionaire was referring to...

In biggest hike since 1994, US raises interest rates

Washington, June 15: In the largest rate hike since 1994, American Federal Reserve raised interest rates by three-quarters of a percentage point on Wednesday in...

Act now to end food, energy and finance crisis: UN chief urges world leaders

New York, June 8: An estimated 1.6 billion people in 94 countries are exposed to at least one dimension of the crisis, with around...

Turkey’s annual inflation at 73.5%, a 24-year high

Annual inflation in Turkey hit 73.5 per cent in May, the highest rate since 1998, according to official data released on Friday as a...

UN drops forecast for global economic growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine...

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