NewsAroundTheGlobe

RECENTLY: The Kenya National Fire Brigades Association has become the first labor union in Kenya, and potentially Africa, to establish a Bitcoin reserve to enhance firefighting capacity.

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🔵 Key developments in the markets:

⬅️ Stock markets around the world are collapsing, with losses amounting to hundreds of billions due to the tariffs imposed by Trump last week.

⬅️ Last week, Trump imposed tariffs on nearly 60 countries, and China retaliated, further fueling the collapse in global markets.

⬅️ The market had expected Trump to temporarily freeze or roll back these tariffs after the major collapses that hit global stock markets.

⬅️ However, he came out yesterday and said that these tariffs were the only way to address the United States' trade deficit with other countries.

⬅️ The market remains in the red, awaiting any positive statements regarding negotiations, a freeze, or a postponement of these tariffs.

⬅️ Therefore, traders should keep an eye on the media these days from time to time.

⬅️ The tariffs and their consequences remain the most prominent and influential event currently.

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🔴 Big week for central bank decisions ahead:

• The European Central Bank, Bank of Canada, Swiss National Bank and Reserve Bank of Australia will announce interest rate decisions.

• The European Central Bank and Swiss National Bank are expected to cut rates by 0.25%, the Bank of Canada by 0.50%, while the Reserve Bank of Australia will leave rates unchanged.

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🚨🚨

🚀$11.5 trillion BlackRock's CEO Larry Fink believes Bitcoin could skyrocket to $700K amid economic instability! 🌍📈

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🔴 [Quick Facts] :

1. Trump threatens to impose steep tariffs on non-US products.

2. Hungary prepares to offer natural gas transit services to Slovakia.

3. EU plans to extend natural gas storage target through 2027.

4. Initial jobless claims in the US rose slightly, but continuing jobless claims rose to their highest level in more than three years.

5. Japan’s factory activity hit a 10-month low in January, but the services sector improved.

6. US Treasury unveils new measures to avoid breaching the debt ceiling.

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