The bitcoin exchange rate is falling sharply on Monday amid a global sell-off in risky assets.
Bitcoin fell by 10.8% to $52,827 thousand by 12:25 Kyiv time, according to CoinDesk. Over the past five sessions, the cryptocurrency has lost more than 21% of its value, although it has added almost 26% since the beginning of the year.
The Ether exchange rate fell by 15.3% to $2,330. This is a record drop since 2021.
The Japanese stock index fell by 12.4% on Monday, the fastest pace since October 1987, and futures on the US stock index Nasdaq Composite are down 4.2%.
The collapse of risky assets is caused by growing fears of a recession in the United States after weak statistics released last week. Goldman Sachs analysts now believe that the probability of a recession in the US economy in the next year is 25% instead of the previously expected 15%, and markets see a 60% chance that the Federal Reserve will hold an extraordinary meeting this week and cut its key interest rate by 25 basis points.
“The market is in a panic mode,” said Grace Chen, head of the Bitget cryptocurrency exchange.
Bangladesh’s army commander, General Waqer ul-Zaman, said on Monday that Prime Minister Sheikh Hasina had fled the country.
“The commander confirmed that Sheikh Hasina had fled the country and said he would help form an interim government,” The Times of India reports.
Earlier, a number of media outlets reported that Sheikh Hasina had resigned as prime minister and fled Bangladesh.
The commander assured that the authorities will investigate all cases of deaths during the unrest and called for trust in the army. The general also called on his fellow citizens to avoid acts of violence and to adhere to law and order. Meanwhile, according to some reports, protesters set fire to the office of the prime minister’s Awami League party in Dhaka. Meanwhile, India’s border security forces have been put on high alert along more than 4,000 kilometers of the border with Bangladesh.
Protests in Bangladesh began in July at a university campus – students opposed the return of the practice of quoting 30% of jobs to family members of veterans of the country’s 1971 war of independence. This practice was abolished in 2018, but returned by court order in June of this year. Students recognized it as discriminatory, especially given the high unemployment in the country.
Ukrainian athlete Ilya Kovtun brought Ukraine a silver medal in the parallel bars at the 2024 Olympic Games in Paris.
The athlete scored 15.5 points.
Another Ukrainian gymnast, Oleg Verniaiev, took eighth place with 13.3 points.
With these results, Ukraine has completed its performances in artistic gymnastics at the 2024 Olympic Games in Paris.
In these events, an athlete from China took the first place, and the third place went to Japan.
Forecast of dynamics of changes in Ukrainian GDP in % for 2022-2025 in relation to previous period
Source: Open4Business.com.ua
Nova Poshta LLC delivered 222 million parcels and cargoes in January-June 2024, up 17% compared to the same period in 2023, the company said on Monday.
“We have expanded our network of branches by more than 3.5 thousand service points and already have 30,550 branches and post offices. Of these, 12,180 are branches and 18,370 are post offices… 350 new branches and post offices were opened in the frontline areas,” the company said in a release.
According to the release, Nova Poshta’s capital investments in infrastructure development throughout Ukraine amounted to UAH 3.6 billion in January-June 2024, which is 47% more than in January-June 2023.
“By the end of 2024, the planned volume of investments is more than UAH 8 billion,” the statement said.
It is noted that the companies of the NOVA group paid UAH 5.8 billion in taxes and fees to local and state budgets in the first half of the year, which is 12% more than in the first half of 2023. In particular, Nova Poshta transferred UAH 4.5 billion, NovaPay – UAH 0.7 billion, Nova Digital – UAH 86 million, and Nova Global – UAH 66 million.
In addition, in the first half of 2024, Nova Poshta delivered 30 thousand tons of humanitarian aid in the framework of the Humanitarian Nova Poshta project.
As reported, Nova Poshta increased its unconsolidated net income in the first half of 2024 by 20.1% to UAH 20.12 billion, while the company’s net profit decreased by 38.1% to UAH 1.49 billion.
