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Weekly news summary for April 07 to April 13

Weekly news summary for April 07 to April 13

Friday: April 07: Economy of Greece Projected to Grow this 2023

On Friday, Greece’s central bank mentioned that its economy would grow by 2.20% this year. It pushes the country to remain on a path of improvement and fiscal intelligence while entering a stage of political risks amid elections.

According to a Greek official, the nation must achieve sustainable primary surpluses by 2% of the gross domestic product within the medium term. Also, it should maintain fiscal credibility to recover investment grade from lessening debt.

Monday: April 10: Elon Musk Boosts Dogecoin on Twitter

Dogecoin took the spotlight on both crypto and Twitter after Elon Musk altered the iconic blue bird logo of Twitter to an image of Doge, which is a Shiba Inu dog. He tweeted with a meme, reminding users that he had liked the idea since last month.

Due to the logo change, Dogecoin surged by 20% in less than an hour. However, the token announced an 8% intraday loss. Then, Twitter changed back to its original logo.

Tuesday: April 11: Apple Resolves Music App Issues

Users complained about being unable to stream Apple Music and facing issues regarding its other services. Early Tuesday, Apple sorted out glitches that caused backlash for its music services.

Over 3,300 consumers reported about the streaming issues with Apple Music within the peak of the outrage. Moreover, around 2,200 had problems with the App Store in the US. Its down detector displayed a decrease in reports from users who experience a concern with the iPhone maker’s support services and App Store.

Wednesday: April 12: Goldman Sachs Group Launches Banking Business in Japan

On Wednesday, Goldman Sachs Group announced it would enter a transaction banking business for Japanese corporate clients while the US investment bank broadens in the world’s third-biggest economy.

In 2021, the company received its Japanese banking license. It will offer clients treasury services like deposits, cash management, and cross-country payments for more than 160 countries in over 120 currencies. The system will be based on cloud platforms launched in the US in 2020. As a result, Japan is the first Asian country to start it.

Thursday: April 13: Gold Climbed Higher amid Easing Inflation

Gold prices went up in the Asian trade on Thursday due to softer-than-expected inflation data in the US, which propelled bets on an early rate-increase pause by the Federal Reserve. The growth of fears of a recession benefited safe haven buying.

The yellow metal jumped above the $2,000 mark this week and is only $50 away from achieving a 2020 record high. Also, the weaker US consumer inflation day encouraged gold’s recent surge while markets started pricing since the Fed would possibly halt the rate hike cycle by June.

The post Weekly news summary for April 07 to April 13 appeared first on FinanceBrokerage.

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