Chief economist said that the ECB is committed to stimulating the forecast “extremely uncertain”

Chief economist said that the ECB is committed to stimulating the forecast “extremely uncertain”

The European Central Bank is committed to supporting the eurozone’s economy amid the coronavirus pandemic, using its massive bond purchases as its main tool, chief economist Philip Lane said on Tuesday (4 August). Lane’s comments were likely to fuel market expectations the ECB would increase its €1.35 trillion Pandemic Emergency Purchase Programme (PEPP) as soon as September when the central bank updates its economic forecasts. He downplayed a recent rebound in economic data, warning a full recovery would take a long time and require stimulus from the ECB as well…

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Suspected Russian hackers stole email content of ex-UK trade minister

Suspected Russian hackers stole email content of ex-UK trade minister

Suspected state-backed Russian hackers are believed to have stolen the entire contents of a personal email account used by former British trade minister Liam Fox as part of an attempt to sway the 2019 UK election, two sources told Reuters. Reuters reported on Monday (3 August) that Fox’s account was accessed multiple times by the hackers between 12 July and 21 October last year. The Kremlin did not immediately respond to a request for comment on the hacking of Fox’s personal email. Some of the hacked documents detailing UK trade…

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Greek PM warns of jump in COVID-19 cases, says new restrictions are possible

Greek PM warns of jump in COVID-19 cases, says new restrictions are possible

Greeks must stick to rules aimed at containing the coronavirus more closely than ever, the country’s prime minister said on Wednesday (5 August), warning of new restrictions if a worrying rise in daily cases does not abate. Greece reported 121 new cases on Tuesday (4 August), the highest tally since April 22 and part of a surge of what appears to be mainly domestic infections. “Any form of complacency is unjustified,” Prime Minister Kyriakos Mitsotakis said, “We still don’t know how many months we will be forced to live with…

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The agreement on Muellen Tech and Net Element went public

The agreement on Muellen Tech and Net Element went public

Net Element is one of the pioneering IT companies. It rapidly grew to the decent highs, went public and found a niche where it performed well. Out of the many things that company initially planed the payment processing proved to be most profitable. Kenes Rakishev, one of the main founders of the Net Element, decided to invest in a bunch of IT startups using other umbrella companies – Net Angels and Sirin Labs among others. Since then Net Element became focused on the main task of payment processing. Kenes Rakishev…

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