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Diario actualizado de economía y finanzas - International Journal of Economics & Finance    27 de enero de 2022

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CHINA: THE WORLD'S LARGEST CAPTOR OF JOURNALISTS

Guo Feixiong was formally accused of ‘inciting subversion of state power’ on 12th January 2022 after over one month in detention in the city of Guangzhou.
Guo Feixiong was formally accused of ‘inciting subversion of state power’ on 12th January 2022 after over one month in detention in the city of Guangzhou.

· Reporters Without Borders (RSF) calls for the release of Guo Feixiong, a long-time defender of press freedom in China, who last week was formally accused of ‘inciting subversion of state power’ after over one month in detention

Chinese political commentator and human rights lawyer Yang Maodong, better known under the pen name Guo Feixiong, was formally accused of ‘inciting subversion of state power’ on 12th January 2022 after over one month in detention in the city of Guangzhou (southern China). Guo had not been heard from since 5th December 2021, after he sent out a message to his close friends stating that he would be taken into custody.

ALLEGED FRAUD

Royal Forex investigated for alleged scam to more than a hundred affected

· Various Courts of Instruction in Madrid are carrying out criminal proceedings against the company Royal Forex Ltd. for the alleged commission of crimes of aggravated fraud, among others

The injured already amount to a hundred people and the fraud would exceed one million euros. The complaints have been filed against the companies Royal Forex Ltd., a company registered in Cyprus that operates or has operated in Spain under the trademarks and domains gmotrading.com and roinvesting.com. The company Panda Trading Systems Ltd., also registered in Cyprus, is also being investigated. Likewise, the complaint is also directed against the directors and administrators of said companies, among which Pavel Shabanov, Executive Director of Royal Forex, of Cypriot nationality and domiciled in that country, and Andreas Samatas, Administrator of Royal Forex, also stand out. Cypriot domiciled in Cyprus.

Majority of Germans in Favor of Deferred Tuition Fees

· Deferred tuition fees are supported by 62.4 percent of Germans, with only 26.3 percent opposed. For regular tuition fees, 45.1 percent oppose them while 44.0 percent are in favor

Munich.- A majority of Germans are in favor of deferring tuition fees and basing them on income, finds a new study by the ifo Institute. “More than 60 percent are in favor of charging tuition fees only after graduation and only if the graduate’s income is above a certain threshold,” says ifo researcher Ludger Wößmann. “In contrast, a slim majority opposes regular tuition fees.”

THE AGREEMENT COVER APROXIMATELY 5.000 CONSUMERS

Citi Announces Agreement to Sell Consumer Bank in Indonesia, Malaysia, Thailand and Vietnam to UOB Group

· Citi Continues to Execute on Global Consumer Bank Strategic Actions

SINGAPORE – Citi today announced it has reached agreement with UOB Group (UOB) on the acquisition of Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam. The transaction includes retail banking and credit card businesses but excludes the bank’s institutional businesses in all four countries. Citi remains committed and focused on serving institutional clients in these countries locally, regionally and globally.

CryptoPunks' dominance

CryptoPunks Generated Nearly Half of Top 10 NFT Sales in the Last Month

· The Larva labs' NFTs sold for $9,758,672.45. That's 48% of the about $20 million generated from their sales. SuperRare and Bored Ape Yacht Club are the other two projects to make the cut. Their revenues came to 30 and 20 percent of the figure respectively

CryptoPunks (CP) accounted for roughly 50% of the top 10 non-fungible token(NFT) sales in the last 30 days. That's according to data presented byfinancepr.com.

ifo Institute: 14 Percent of German Companies Feel Their Survival Is Threatened

· Almost one in seven companies (14.0 percent) feel that the consequences of the pandemic threaten their survival

Munich.- This is the finding of an ifo Institute survey conducted in December. Compared to the previous survey in June 2021, this proportion has remained unchanged. “A feeling of being at risk is particularly prevalent among travel agencies and tour operators, at 73.2 percent, as well as companies in the event industry, at 67.4 percent,” says Klaus Wohlrabe, Head of Surveys at ifo.

· As previously communicated, a decision on the withdrawal of authorization as a credit institution from the ECB was expected at the end of 2021

This decision was received during the fourth quarter of 2021 and means that Catella is no longer under supervision as a credit institution.

INFLATION PRESSURE

Economic Watch: Europeans to encounter 'expensive' Christmas as inflation cuts personal budgets

· Europeans are feeling the pinch of making ends meet as the increasing cost of living and rising energy prices bite

VALLETTA (Xinhua).- Most families in Europe are tightening their budgets while focusing on covering essentials, and it is uncertain whether they will be willing to splurge more during the forthcoming "expensive" Christmas season. Retailers are concerned that inflation would further bite into consumer spending. The European economy is expected to encounter setbacks in its recovery as some countries have introduced fresh measures to curb the fast spread of the COVID-19 Omicron variant.

ONLINE LEARNING

Digital Age University: the future of Education is online

· Online learning is the future of education and the rise of new technologies is bringing many advantages for students of different ages, providing a new flexibility, the maximamization of the learning experience and the opportunity of global connection and interaction

During the pandemic technology supports people to continue their studies and access to education, enriching their learning experience and showing different ways to improve or get new knowledge and skills. The flexible schedule of the online programs offers unique and personalized opportunities to students and professionals who want to build, improve or change their career . Although you have a full time or a part time job, you can pursue studies in some area of your interest with the freedom to learn from whichever place you like and at whatever time you want.

CONSUMER PRICE INFLATION IS RISING

Inflation is not temporary but here to stay

· In the US, it was 6.2% in October 2021; in Germany, it is most likely to reach 6.2% in November, and in the eurozone, it went up to 4.9% last month

Of course, that’s not all. For instance, German producer price inflation reached 18.4% y-o-y in October, the highest rate since 1951; in Italy, it rose by as much as 20.4% y-o-y. In the US, housing prices were up 19.5% y-o-y in September (down from 19.8% y-o-y in October), and in the same month, German house prices rose 13.3% y-o-y. These numbers may suffice to understand that goods price inflation – the sustained rise in goods prices across the board – is rearing its ugly head. Or isn’t it? Perhaps it is just a temporary spike in goods prices, a surge that will be short-lived, to be followed by moderate rates of rising goods prices? Well, that’s what central bankers, politicians, and many mainstream economists are telling people – in an effort to keep inflation expectations from rising.

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