Other news

Bloomberg reports that China’s retaliatory tariffs on American goods can practically halt supplies of copper scrap from the US, further adding to the shortage of the raw material at Chinese smelters.

Clare Lombardelli, Bank of England Deputy Governor, warns of the pressure of Donald Trump's tariffs on UK GDP growth. However, she says that the impact on inflation rates remains unclear.

Solana has introduced a new privacy-enhancing feature for its blockchain called Confidential Balances. The upgrade offers developers, users, and institutions enhanced tools to maintain transaction privacy while complying with legal and regulatory requirements.

Kazuo Ueda, Bank of Japan Governor, signaled that the regulator is adopting the wait-and-see approach to adjusting interest rates. The central bank awaits more clarity on US import duties.

In fiscal 2024, Japan’s bankruptcy filings hit an 11-year high of 10,144, according to Tuesday’s report by credit research firm Tokyo Shoko Research (TSR).

Teucrium Investment Advisors Llc. is about to launch the first leveraged XRP ETF in the United States after receiving approval from the Securities and Exchange Commission (SEC). Trading will begin on April 8 on NYSE Arca trading platform under the ticker XXRP.

The Bank of Canada has released a concerning survey showing a sharp rise in recession fears among businesses and consumers. The share of firms predicting an economic downturn in the next year surged from 15% to 32% in just three months, the central bank reported.

As reported by Bloomberg, Deutsche Bank economist Phil Odonaghoe predicts an unprecedented 50 basis point rate cut by the Reserve Bank of Australia (RBA) in May. Odonaghoe's forecast is guided by the impact of US tariffs on Australian business and consumer confidence.

Dogecoin (DOGE), one of the most popular meme coins, has regained the spotlight. Analytics platform Lookonchain reports the number of addresses holding at least 10,000 DOGE has increased from 236,000 to 240,000 over the past month, reaching a six-month-high.

Australian consumer sentiment hit a six-month low in April, driven down by US President Donald Trump's tariffs and general stock market volatility.