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UBS has raised its USD/PLN forecast, anticipating a rise to 4.35 in Q1 2025 due to potential challenges from a possible second Trump presidency, strong US economic data, and weak European figures. Poland's GDP growth is projected at 3% in 2024, accelerating to 3.5% in 2025, supported by EU funding, while the budget deficit remains a concern. The outcome of the upcoming presidential election could significantly impact the zloty, with differing implications based on the candidates' success.
Numerous Swiss websites, including those of several banks and municipalities, were rendered unavailable due to a DDoS attack by the pro-Russian hacker group NoName057(16). The group claimed responsibility, stating they were "testing the resilience of the Swiss internet infrastructure." This attack is part of a broader pattern of cyberattacks targeting European countries perceived as unfriendly to Russia, motivated by political tensions surrounding the war in Ukraine.
A pro-Russian hacker group, NoName057(16), has claimed responsibility for recent DDoS attacks on Swiss banks and municipalities, including the Zürcher Kantonalbank and Vaud Cantonal Bank. These politically motivated attacks aim to challenge the resilience of Swiss internet infrastructure in response to the country's support for Ukraine. The group, active since 2022, targets nations they view as hostile to Russia, employing mass request overloads to disrupt access without causing data loss.
UBS has downgraded Brenntag from "Buy" to "Neutral," reducing its price target from 80 to 60 euros due to disappointing earnings performance. Analyst Nicole Manion expressed skepticism about the company's planned split into two independent divisions, especially following the upcoming departures of the CEO and CFO.
BorgWarner Inc. focuses on automotive accessories, with net sales primarily from air management products (54.6%), e-drive & powertrain products (30.3%), and gasoline and diesel injection systems (15.1%). The company operates 79 production sites globally, with significant sales in China (21.1%) and the U.S. (16.4%).
The Biden administration's new export controls on Nvidia AI chips have sparked opposition among US supporters, who argue the rules limit access to crucial technology. While aimed at restricting advanced tech exports to China, the regulations have inadvertently affected US allies, including Poland and Israel, which now face challenges in acquiring necessary chipsets. Polish Deputy Prime Minister Krzysztof Gawkowski criticized the confusing nature of the rules, urging EU leaders to address the issue, while Israel convened an urgent meeting to discuss the potential impact on its AI development.
Huione, the largest illicit online marketplace, has launched USDH, a dollar-pegged stablecoin designed to bypass traditional regulatory controls. Unlike USDT and USDC, USDH is free from freezing or transfer limitations, making it attractive to bad actors. The platform also introduced a crypto wallet, a decentralized exchange, and a messaging app, ChatMe, to enhance its offerings amid increasing scrutiny.
European crypto exchange zondacrypto has opened a new office in Crypto Valley, Switzerland, and partnered with Incore Bank to offer regulated cryptocurrency services. With over 1.35 million users, zondacrypto emphasizes regulatory compliance and security, aiming to become a leading platform in the crypto sector. The collaboration will provide customers with custody, trading of digital assets, and access to regulated liquidity pools, marking a significant step in bridging traditional finance with the digital asset ecosystem.
Momentum is building globally for Bitcoin reserves, with support from policymakers in countries like Poland, Switzerland, South Africa, Hong Kong, Japan, and Venezuela. While some leaders advocate for adoption, skepticism remains, particularly in Japan where Prime Minister Shigeru Ishiba has rejected the idea due to a lack of understanding. In Switzerland, a proposal to mandate the Swiss National Bank to hold Bitcoin is underway, requiring 100,000 signatures by mid-2026.
Zondacrypto, a European cryptocurrency exchange with over 1.35 million users, is expanding into Switzerland by partnering with Incore Bank. This collaboration will provide clients with custody, trading services, and access to regulated liquidity pools, enhancing the digital asset ecosystem in the region. The company, founded in Poland in 2014, aims to further develop its presence in Switzerland and is a member of the Swiss Blockchain Federation and VQF.
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ubs raises dollar zloty forecast amid potential trump presidency impact
11:06 21.01.2025
pro-russian hackers disrupt swiss bank and municipal websites in cyberattack
09:26 21.01.2025
pro-russian hacker group targets swiss banks and municipalities in cyber attack
09:17 21.01.2025
UBS downgrades Brenntag to neutral with target price cut to 60 euros
08:35 17.01.2025
BorgWarner maintains strong market position with diverse automotive product offerings
16:03 16.01.2025
us allies criticize new export rules limiting access to nvidia chips
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07:00 16.01.2025
huione launches usd stablecoin to bypass traditional financial regulations
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European crypto exchange zondacrypto expands into Switzerland with new partnership
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14:35 14.01.2025
global momentum builds for bitcoin reserves amid mixed political responses
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10:50 14.01.2025
Zondacrypto partners with Incore Bank to expand into Switzerland
06:42 14.01.2025
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