Wednesday, June 16, 2021
Home World Bitcoin Beach, child labour, Oman’s youth and an $18.9M coin

Bitcoin Beach, child labour, Oman’s youth and an $18.9M coin

We collect the numbers to know from the week’s greatest financial news tales so you may impress your self and your pals.

Gather spherical, of us, it’s that point of the week once more. Many of it’s possible you’ll be assembly up with household and buddies you haven’t seen shortly after the isolation of the pandemic, which implies you want some fascinating info to sprinkle into all these new conversations.

This week’s subjects vary from El Salvador’s Bitcoin revolution to mass youth unemployment in Oman to a spike in child labour world wide and a slowdown in China’s beginning charges. And who may neglect the gold coin that smashed information by promoting for $18.9m? Not precisely chump change!

So right here’s our roundup of the week’s greatest numbers vital to retaining your convos with buddies and family members attention-grabbing, worldly and possibly even enjoyable. Remember enjoyable?

7,000

That’s what number of customers Bitcoin Beach, a pilot crypto venture within the small El Salvadoran seashore city of El Zonte, has. And these numbers will seemingly develop after the Central American nation’s president introduced it might turn into the primary to make use of Bitcoin as authorized tender this week.

Bitcoin Beach has been educating the group about tips on how to use the digital forex in each day transactions, as Al Jazeera’s Kaelyn Forde experiences, however there may very well be extra to the Salvadoran president’s determination than meets the attention.

49 p.c

That’s the staggering stage Oman’s youth unemployment charge reached in 2019,  in keeping with figures from the World Bank.

Young folks took to the streets final month to demand extra financial alternative simply weeks after the nation launched austerity measures meant to offset Oman’s burgeoning debt. Al Jazeera’s Sean Mathews writes that what’s taking place in Oman will seemingly unfold to different petro-dependent Gulf economies battered by the collapse in oil costs that began within the early days of the coronavirus pandemic.

A person makes a purchase order at a small retailer that accepts Bitcoin close to the southern coast of El Salvador [File: Salvador Melendez/Reuters]

160 million

Strangely sufficient, as youth unemployment has skyrocketed in some areas, so has child labour – an increase unseen in almost 20 years. A brand new report from the United Nations this week discovered that about 160 million kids world wide are working – up 8.4 million during the last 4 years. The numbers are “a wake-up call,” the chief of the International Labour Organization mentioned.

The lack of work or revenue for a guardian or guardian and college closures have pushed hundreds of thousands of children into the workforce, and the issue may worsen if governments don’t act.

1.3 births

The stage China’s fertility charge per lady slowed to in 2020, regardless of Beijing loosening its stringent one-child coverage and permitting households to have as much as three youngsters. But as Al Jazeera’s Michael Standaert experiences this week, the beginning charge is more likely to hover round that stage except Chinese authorities make it simpler for households to afford to have youngsters.

$11.2bn

That’s how a lot commerce occurs between Israel and China – a large spike from the $1bn commerce stage on the flip of the century.  China is now simply behind the United States as Israel’s largest buying and selling accomplice. But the blossoming financial ties have made issues attention-grabbing, diplomatically talking, Al Jazeera’s Sean Mathews experiences.

Israel has seemed previous China’s vocal assist for Palestine and Israeli leaders haven’t paid a lot consideration to China’s response to final month’s Gaza battle, which as one Israeli knowledgeable mentioned is considered as “lip service” in Tel Aviv. But there are additionally some risks. Israel could also be sacrificing its personal safety in addition to Washington’s unwavering assist by pursuing nearer relations with Beijing, Mathews writes.

The 1933 Double Eagle coin is seen encased throughout a media preview earlier than its public sale at Sotheby’s in New York City, the United States [File: Shannon Stapleton/Reuters]

$18.9m

That’s how a lot a gold coin offered for at a Sotheby’s record-smashing public sale in New York on Tuesday. Well, not simply any previous coin. The 1933 Double Eagle is the final US gold coin struck for circulation. With a face worth of $20, it was designed on the request of then-US President Theodore Roosevelt.

But all 1933 Double Eagles have been ordered destroyed when President Franklin Roosevelt, in an effort to raise America’s battered financial system from the depths of the Great Depression, took the nation off the gold normal. Only two survived to be despatched to the Smithsonian — and one remained in personal fingers. With Liberty striding ahead on one aspect and an American eagle on the opposite, it certain is a magnificence.

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Wednesday, June 16, 2021
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