Many mega-corporations have rushed to invest, while others are announcing plans to support bitcoin.
World leaders hold a virtual G20 event headlined “A Crucial Year to Rebuild Trust”, instead of the traditional January event in Davos, Switzerland.
The world’s most popular cryptocurrency fell over 5 percent to an almost three-week low of $28,800 early in the Asia session before steadying near $32,000. It has lost 11 percent so far this week, the biggest drop since September.
As the global economy heads for recession and people fear job losses, all eyes are on a few central bankers.
The fallout from the 2008 global financial crisis refuses to go away and now leading economists may be looking to upend traditional neoliberal economic policy.
After a career breaking glass ceilings to join a tiny global elite, Christine Lagarde will bring experience of cool-headed crisis fighting to her job as first female head of the European Central Bank.
The European Parliament voted 383-327 vote with 22 abstentions on Tuesday to approve von der Leyen's nomination.
International Monetary Fund Managing Director Christine Lagarde's resignation comes two weeks after her nomination on July 2 for the ECB top job.
The head of the IMF has temporarily stepped down as she waits to find out whether she will become the first woman to lead the powerful ECB.
The nominations came after one of the longest summits in recent years, outstripping even all-night negotiations during the Greek debt crisis.
Beijing has turned to tax cuts to counter both the slowing economy and the US tariffs.
The global economy is slowing and leading to protectionism at a time when companies are dependent on widely dispersed supply chains.
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