According to European Central Bank (ECB) policymaker Robert Holzmann, the primary threat to a potential interest rate cut from the ECB stems from tensions in the Middle East.
Speaking to CNBC's Karen Tso during the International Monetary Fund Spring Meetings, Holzmann emphasized the impact of geopolitical events, particularly in the Middle East, on energy prices, citing potential disruptions such as incidents in the Strait of Hormuz.
Holzmann highlighted the importance of energy prices in Europe's efforts to control inflation, noting that a sudden surge in oil prices would constitute a significant shock to the economy.
His sentiments echo those of fellow ECB policymaker Olli Rehn, who emphasized that the likelihood of a rate cut in June depends on...
The billionaire Winklevoss twins, Cameron and Tyler who became well recognized after they allegedly sued Mark Zuckerberg for stealing their idea for Facebook, are now injecting millions into a modest English football club.
The duo, now at the helm of the crypto exchange Gemini, revealed on Friday a $4.5 million bitcoin investment in Real Bedford Football Club (RBFC), marking it as the “first football club powered by bitcoin,” as per a Friday statement.
RBFC, a semiprofessional non-league outfit hailing from Bedford, England, was acquired in 2022 by bitcoin aficionado and podcaster Peter McCormack.
This recent arrangement will witness the Winklevoss twins assume co-ownership of RBFC, alongside McCormack, a lifelong Bedford local.
“There was this value alignment with all of...