Activity in the U.S. service sector grew at a slightly slower rate in the month of February, according to a report released by the Institute for Supply Management on Monday. The ISM said its non-manufacturing index edged down to 59.5 Read More →

The Venezuelan Government has claimed that it raised $30 billion by selling its oil-backed "petro" cryptocurrency to investors worldwide. Venezuela is the first country to create a state-backed cryptocurrency. Maduro launched the pre-sale of El Petro (PTR) on February Read More →

The UK construction sector continued to expand at a subdued pace as fragile business sentiment and political uncertainty hinder client demand, survey data from IHS Markit showed Friday. The IHS Markit/Chartered Institute of Procurement & Supply construction Purchasing Managers' Index Read More →

Cryptocurrencies are failing as currencies as they are proving to be poor short-term stores of value with many of them showing signs of bubbles and the time has come to regulate them like the rest of the financial system, Bank Read More →

Using cryptocurrency as a mode of payment will be exempted from tax in Germany, the Ministry of Finance has said. The Ministry issued a guidance regarding this, citing a 2015 European Union Court of Justice ruling on value added taxes Read More →