(2) Sales were estimated at $157 billion USD (1.1 trillion yuan) in 2022(3), whilst last year, around 615.8 million total packages of goods were sold during the shopping event(4). It’s not just restricted to China The shopping bonanza is gaining momentum across the world. One analysis ...
Thesupplyof an asset plays a vital role in determining its price. A scarce asset is likelier to have high prices, whereas one available in plenty will have low prices. Bitcoin's supply is generally well-publicized, as there will only ever be 21 million produced and only a specific amount...
as USD funding markets shut down, leveraged institutions in Europe and elsewhere were forced to use the FX Forward market to borrow Dollars in significant size, driving the Cross-Currency Basis sharply negative. In the case of EURUSD, this basis is the difference between exchanging...
Upon successful syndication, a syndicate agreement is formed, and the lenders collectively provide the loan amount to DEF Infrastructure Limited. The successful syndication results in a $70 million combined provision from the lenders. Throughout the project’s execution, DEF Infrastructure maintains accou...
Antimicrobial resistance (AMR) causes global mortality comparable to HIV/AIDS and malaria combined [1], and its burden of mortality and morbidity is expected to increase in the coming decades. Its economic impact by 2050 has been estimated at USD 100 trillion [2]. While many countries have imp...
What is Money, Anyway? Editor’s Note: This topic is now comprehensively covered in my book, Broken Money. Money is a surprisingly complex subject. People spend their lives seeking money, and in some ways it seems so straightforward, and yet what humanity has defined as money has changed ...
According to bankruptcy filings, FTX has at least $8 billion it can't pay back to as many as1 million creditors.To meet these liabilities, the bankruptcy estate is attempting to legally repossess and liquidate purchases, investments,gifts, anddonationsit believes were made with company funds. In...
In fact, one of Ripple’s biggest arguments is that Ethereum (ETH-USD), for example, the second-largest cryptocurrency, is no different from XRP regarding unregistered securities, so the question of why the SEC gives them a pass arises. For the moment, this issue is being avoided by SEC...
According to Salary Explorer, the average salary in Malaysia is79,300 MYRannually (18,103 USD). The typical salary range in Malaysia is1,670 MYR(lowest average monthly salaryto29,400 MYR (highest average monthly salary). However, the actual maximum salary is higher. ...
Currently, according to statistics, 1.867 million workers in Romania earn the minimum salary, out of around 7.65 million employees. But the increase in the minimum wages had some side effects:prices are rising in Romania, inflation is high, and the exchange rates for EUROS and USD are reaching...