News about finance, currency, securities 5

 5 trends to watch out for in cryptocurrencies in 2022 Unpredictable volatility, big business involvement, venture capital inflows, the environment, and regulation could be the hot spots for cryptocurrencies this year. It's not easy to recall what cryptocurrencies were like 12 months ago. Coinbase's IPO, the rise and fall of Bitcoin, Ethereum, both Shiba Inu coin and the boom of NFT make 2021 the year in the heart of digital assets. According to Fortune, there is much to look forward to in 2022. Macroeconomic conditions are changing rapidly, Washington is hotly talking about crypto regulations, large companies all over the world. Wall Street is more open than ever to investing in digital assets... These are going to be notable issues. Volatility Bitcoin, Ethereum and others are inherently volatile, however, in just a few short weeks, these cryptocurrencies have come a long way. Starting 2022 at $46,000, the market cap cryptocurrency fell 14% over the next 10 days, falling back ...

 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...

 The struggle of the $1.5 trillion tourism industry in China Two years of a pandemic that has plagued China's tourism industry and still has not seen the light at the end of the tunnel. When Covid-19 broke out in early 2020 and brought tourism to a halt, the ancient town of Wuzhen in Zhejiang had to make the difficult decision to close just before the peak season of the Lunar New Year. Since then, like many people working in the tourism industry, Wuzhen Tourism Chairman Chen Xianghong has repeatedly hoped the worst is over. But temporary closures keep happening. Visitor numbers dropped due to travel restrictions between provinces, causing a sharp drop in revenue and forcing people out of the industry. Tourists in China made 3.25 billion trips in 2021, up 12.8% from 2020, but only 54% from 2019, according to the Ministry of Culture and Tourism. Total tourism spending also increased 31% last year, to 2,920 billion yuan ($459 billion), but this is again only half the level of spending...

 Giants increase spending billions of dollars on chip production TSMC pledged to pour $100 billion over the next three years, while Intel also plans to spend $20 billion on two new factories in Arizona to increase chip production. Plans to increase investment and expand production have been announced by the semiconductor giants in turn, in an effort to meet growing demand as global chip shortages increase. Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, said it is building a $12 billion factory in Phoenix, Arizona, and another in Japan to increase the capacity of its devices. type of electronic chip. This year, the company's investment budget will increase by 4 billion USD to 44 billion USD for increasing production capacity. This is part of TSMC's commitment to spend 100 billion USD in the next 3 years to expand production and increase chip output to supply globally. TSMC is not the only chipmaker to invest billions of dollars in high-...

 China's inflation in 2022 is expected to be low China's top policymaking body expects inflation in 2022 to be modest as Western countries tighten their currencies. China's National Development and Reform Commission (NDRC) said inflation will remain modest this year, if changes in monetary policy elsewhere weaken commodity prices. Global. The country's top policymaker forecasts that China's inflation risks will decrease in 2022, as the impact of Covid-19 and the world supply shortage become less and more severe. This agency forecasts the average consumer price index for the whole year 2022 at 0.9% - lower than in previous years. According to the NDRC, the producer price index is also likely to cool down after increasing 8.1% in 2021, due to the abundant domestic supply of industrial and energy products, which can resist "volatility". extraordinary prices". As global commodity prices surged last year, Beijing sought to further increase domestic supply,...