Major Wall Street indexes have tumbled as fears of a US economic recession grow. The drop comes amid a global industry selloff, including in Europe and Asia. Weaker-than-expected economic data from the US, including a jobs report on Friday, has fuelled speculation that the world’s largest economy is slowing. Elsewhere, Japan’s industry plummeted to its … Read more
Demonstrators in Kenya are gathering in towns and cities to protest against a financial bill that would raise taxes. Public outcry has already forced the government to withdraw some of contentious provisions, including a 16% levy on bread and an annual 2.5% levy on vehicles. But protesters say this is not enough and have demanded … Read more
The US has made the long-awaited decision to allow Bitcoin to be part of mainstream investing funds. It has approved what are known as spot Bitcoin exchange-traded funds (ETFs), which can be purchased by anyone from pension funds to ordinary investors. The announcement from the head of the Securities and Exchange Commission was accompanied by … Read more