Fernando Alberca | Tesla backs down on bitcoin. The electric vehicle manufacturer has suspended the use of bitcoin as a means of payment to buy its products. The reason for this decision was given on Twitter by the CEO of the company himself, Elon Musk, on Thursday May 13 shortly after midnight. “Tesla has suspended the purchase of vehicles with bitcoin. We are concerned about the rapid increase in the…Read More
Aberdeen Standard Investments | Now the world’s second largest economy, China continues to grow at a far faster rate than other major markets. Driven by investment, manufacturing and exports, GDP expanded 2.3% year-on-year in 2020. It underlines how China’s economy was first in, first out of the Covid-19 pandemic and the successful measures taken to contain the initial outbreak and subsequent infection waves.