Economic - FinTecBuzz

Cameroon & Republic of the Congo to adopt cryptocurrency sol.

April 12, 20227 min

Cameroon, the Democratic Republic of the Congo (the DRC) and the Republic of the Congo have today announced their intention to adopt cryptocurrency and blockchain based solutions to drive future economic progress. Layer one proof-of-stake blockchain, The Open Network (TON) is the leading contender to become the blockchain to power this. The DRC has also confirmed that it is considering a new national stablecoin, built on the TON blockchain. TON has been engaging with all three countries independently for...

by BusinessWire

Insurance

Economic Shocks From Ukraine Invasion Fallout

February 28, 20223 min

AM Best believes that Russia’s invasion of Ukraine likely will impact the global insurance industry substantially in the near to midterm, particularly given the significant fallout in the capital markets and potential for widespread cyber attacks. In its Best’s Commentary, “Significant Implications of Ukraine Invasion on Global Insurance Industry,” AM Best notes that invasion has had an immediate negative impact on the stock markets worldwide; continued volatility remains likely, challenging efforts by the global central banks and...

by PRNewswire

Investments

Vanguard Publishes 2022 Economic and Market Outlook

December 15, 20218 min

Vanguard today released its wide-ranging outlook and analysis on the future of the global economy and financial markets. This year’s report, “Striking a better balance,” serves as a guidepost for what investors can expect from the global economic landscape in the years ahead. Vanguard’s economists explore key themes that will drive the direction of markets, including economic growth, the trajectory of global inflation, and policy decisions that will shape the next phase of the recovery....

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