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Nvidia (NVDA.O) shares fell by about 3%.Intel (INTC.O) rose 5.7% after at least two brokerage firms upgraded their ratings on the stock.On January 20, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the World Economic Forum Annual Meeting 2026 in Davos, Switzerland, and delivered a speech. In his speech, He Lifeng put forward four points: First, we must firmly support free trade and work together to promote inclusive economic globalization. Second, we must firmly uphold multilateralism and promote a more just and reasonable international economic and trade order. Third, we must adhere to win-win cooperation, strive to expand the pie of cooperation, and jointly solve development problems. Fourth, we must adhere to mutual respect and equal consultation, and make good use of dialogue to properly manage differences and resolve problems. He Lifeng also briefed the participants on the Fourth Plenary Session of the 20th CPC Central Committee, emphasizing that Chinas development will bring important opportunities to the world, and had in-depth exchanges with international business leaders. He Lifeng also held separate talks with US Treasury Secretary Bessant and UK Chancellor Reeves on the China-US economic and trade consultation mechanism and the China-UK economic and financial dialogue mechanism, exchanging views on relevant issues in the China-US and China-UK economic and trade fields.On January 20th, Fitch Ratings stated that after three years of economic stagnation, impacted by external shocks and increasingly severe structural challenges, Fitch forecasts significant fiscal easing will drive the German economy back to growth in 2026. Despite risks regarding public spending implementation and private sector response, there is evidence that investment is recovering from its slump. Charles Seville, Senior Director of Fitchs Economics Team, said, "German capital spending has shown signs of recovery, with real investment returning to annual growth for the first time in three years." The construction sector, which accounts for about half of fixed asset investment, returned to positive year-on-year growth in October. Driven by civil engineering and public works activities, the construction purchasing managers index returned to expansion territory in December for the first time since the beginning of 2022. Furthermore, industrial output, survey data, and order volumes also showed signs of recovery. Industrial output recorded year-on-year growth in November, the only second increase since mid-2023. By the end of 2025, capital goods orders, which typically track investment, and capital goods demand survey indicators linked to production expectations, both showed improvement. Amid persistent external risks, domestic orders have led the recent recovery trend.Fitch: Germany’s massive fiscal easing policies are expected to propel it back onto a growth trajectory in 2026.

Global crypto rules needed to keep markets clean, says UK watchdog

Cory Russell

Jul 15, 2022 14:57

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International crypto companies like Binance must be governed by global laws in order to "keep markets clean," according to a statement made on Thursday by the British Financial Conduct Authority.


The majority of the world's cryptocurrency companies are unregulated, but several nations want proof that they have effective safeguards in place to thwart money laundering.


The biggest cryptocurrency exchange in the world, Binance, was told by the FCA last year that it was "not capable of being adequately monitored" and so could not engage in any regulated activity in Britain.


Regulators in Spain, France, and Italy have this year given Binance permission to operate in those countries' domestic marketplaces.


In answer to a query on whether authorities are being pitted against one another by cryptocurrency startups, FCA Chief Executive Nikhil Rathi said at the Peterson Institute for International Economics in Washington, "I believe some global baseline norms are vital."


The clean markets that we all want depend on having excellent shared regulatory standards and information sharing across borders, according to Rathi. "As we have seen in other domains like anti-money laundering, these are essentially cross-border actions by some very well organized players," he added.


After rejecting applications from a large number of organizations, the regulator has come under fire from the cryptocurrency industry.


We will always be vigilant about consumer protection when it comes to cryptocurrencies, Rathi stated.

Rathi said that, regrettably, the FCA's long-ago warning that holders of crypto currencies may lose all of their money has come true after the recent decline in the price of bitcoin.


A global regulatory agency, the Financial Stability Board, said this week that it planned to provide draft proposals for regulating crypto assets to G20 nations in October.


Earlier this month, a French member of the European Parliament asked the French market regulator to reconsider its decision to register Binance.

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