News about finance, currency, securities 5

 François-Henri Pinault - business artist in the year of the Tiger Under François-Henri Pinault, Gucci and many other members of the Kering group became the world's leading luxury fashion brand. François-Henri Pinault (born 1962) is a French businessman, Chairman and CEO of Kering since 2005. Under his leadership, the retail group PPR was transformed into a high fashion group. Kering level. Referring to the name Pinault, people often think of his father, François Pinault, the founder of PPR. Even Salma Hayek, the wife of François-Henri, made that mistake before their first date in 2006. Mimma Viglezio - the former CEO of Gucci, who was credited with matching the couple, said: "She was shocked and asked, 'What do you mean? I wouldn't date a 70-year-old man. somewhere'. At first, Salma Hayek thought she was going on a date with François-Henri's father." François-Henri Pinault in the announcement of the annual Kering report 2019. Photo: Reuters François-Henri...

 UK raises basic interest rate On February 3, the Bank of England (BoE) decided to raise interest rates to 0.5%. This is the voting result of 9 members of the Monetary Policy Committee (MPC). Even up to 4 members voted to raise interest rates to 0.75% - the highest level since the BoE became operationally independent 25 years ago. Previously, on December 16, with a vote of 8-1, the BoE surprised the markets when it decided to raise the basic interest rate from 0.1% to 0.25%. Thus, this is the first time since 2004, the BoE has raised interest rates consecutively within more than a month. The pound sterling quickly jumped to $1.36, its highest since January 20 and hitting a two-year high against the euro. UK government bonds sold off, with the highest 10-year yield since January 2019. The Bank of England on Thursday also raised its inflation forecast to an April peak of 7.25%, from 6% forecast in December. In its report, the MPC said any tightening decision Which monetary policy tig...

 Shares of parent company Facebook fell to a record On February 3, Meta's stock price fell 27%, causing the company's capitalization to evaporate $ 230 billion - an unprecedented level on Wall Street or Silicon Valley. Meta's stock price plunged shortly after the news that Facebook's user growth appeared to have peaked as the social network added no more monthly users in the fourth quarter compared with the same period last year. Daily users also decreased slightly from the previous quarter. Meta capitalization has evaporated 230 billion USD - an unprecedented number in the US stock market. This has led investors to ask a question that previously seemed unthinkable as the good old days are over for Facebook - one of the world's most widely held tech stocks. The first quarter of 2022 revenue forecast also disappointed Wall Street. CEO Mark Zuckerberg's personal fortune is likely to drop by about $24 billion. He acknowledged that Meta is facing serious competition...

 Thailand issues regulations on digital currency management Cryptocurrencies in Thailand will not be used for payments, but only traded as assets on licensed platforms. Thailand's central bank (BoT) says it is drafting regulations to prevent Bitcoin and other digital currencies from being used for payments. The agency considers their volatility to create risks and losses for both buyers and sellers. Those found to be in violation of the regulations, whether buyers or sellers, will be fined 300,000 baht ($9,000), plus 10,000 baht for each day they continue to break the rules. It is expected that the new regulation will be implemented in the second half of February, after the end of the public hearing that will take place on February 8. Thailand's move is expected to curb the boom of the country's cryptocurrency market at a time when the price of Bitcoin has plummeted. A restaurant in Nakhon Ratchasima, Thailand has a counter advertising and updating Bitcoin price movements. ...

 The time of flying taxi service is very close A series of companies developing new aircraft are racing to apply for vehicle type approval, bringing the commercialization of air taxi services very close. "This is the next revolution in flight," said Mark Henning, a graduate of the Technical University of Munich and a man with 25 years of experience in the aerospace industry. He joined AutoFlight (China) - where he is responsible - to deliver the company's electric flying taxis approved by European aviation safety regulators. Mr. Henning is not alone in betting that electric vertical take-off and landing (EVTOL) aircraft have a bright future. According to consulting firm McKinsey, other aeronautical engineers have been involved in about 200 such projects around the world, attracting $5.1 billion in investments last year. Most of them are focused on designing unmanned aerial vehicles that use many small propellers to take off and land vertically like a helicopter. Their gen...

 Oil prices hit the highest level in 8 years Oil prices in the US have crossed the threshold of 90 USD a barrel, the highest level since 2014, due to high demand for petroleum products and limited supply. According to CNBC, the price of West Texas Intermediate (WTI) crude oil, one of the main US indexes, increased more than 2% in the trading session on February 3, to $ 90.23 a barrel. This is the highest price in the past 8 years, from October 2014. With this increase, the price of WTI oil has increased by nearly 20%. Meanwhile, Brent crude also gained 1.7%, to $91 per barrel. Crude oil prices on the world market are in a strong uptrend after falling to a record low in April 2020. Geopolitical tensions between Russia and Ukraine, as well as in the Middle East, are reasons for market anxiety. The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) on February 3 agreed to raise their March production target by 400,000 barrels per day, as previously announc...