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Coinbase Brings Cryptocurrencies to Wall Street

The arrival Wednesday of cryptocurrency exchange Coinbase on Nasdaq is one of the most anticipated events of the year on Wall Street, where enthusiasm for record-breaking bitcoin is in full swing, despite questions about the sustainability of the market.

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China Saw Record 18.7% Growth in First Quarter

China's economy grew at a record pace during the first quarter as it rebounded from a historic contraction caused by Covid-19, and boosted by exports and domestic demand, an AFP poll of analysts found.

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Lebanese Scale Back Ramadan Meals amid Soaring Inflation

Muslims in many parts of the world marked the start of Ramadan on Tuesday, but a spike in coronavirus cases in several countries has once again put curbs on the holy month's signature feasts and lengthy prayers in mosques.

In Lebanon, most Muslims began Ramadan on Tuesday amid soaring inflation. The small country is in the grips of the worst economic and financial crisis in its modern history, with the Lebanese currency losing some 80% of its value against the U.S. dollar in past months.

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More Reports Surface on Swiss Probe of Salameh and His Brother

From the British Virgin Islands to Geneva, Swiss prosecutors are tracking the suspected fund movements of Lebanon's central bank chief Riad Salameh, a Swiss newspaper reported Tuesday.

The Swiss attorney general's office said in January it was investigating "aggravated money laundering... in connection with possible embezzlement to the detriment of" the Lebanese central bank. It said it had requested judicial assistance from Lebanon.

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Tech Climbs as Wall Street Ponders Vaccines Woes, CPI

Tech stocks rose in early U.S. trading, as investors pondered a pause in the rollout of Johnson & Johnson's Covid-19 vaccine and data showing an uptick in inflation.

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Egypt 'Seizes' Suez Megaship, Demands Nearly $1 Billion Compensation

The megaship which blocked Egypt's Suez Canal and crippled world trade for nearly a week has been "seized" on court orders until the vessel's owners pay $900 million, canal authorities said Tuesday.

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Syrian President Sacks Central Bank Governor

The Syrian president on Tuesday dismissed central bank governor Hazem Karfoul whose three-year tenure coincided with a severe economic crisis.

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Markets Mostly Rise before U.S. Inflation, Bitcoin Hits Record Peak

Asian and European stocks markets mostly rose Tuesday, as investors geared up for vital US inflation data and earnings, while bitcoin powered to a record peak on the eve of a key IPO.

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UK Economy Advances despite Lockdown, as Trade Picture Improves

Britain's economy rebounded slightly in February despite coronavirus curbs while exports of goods to the European Union recovered a bit more, data showed Tuesday, sparking optimism over the outlook.

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Cryptocurrencies: a $2.0-Trillion Market

The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion as it increasingly attracts interest from big names on Wall Street.

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