Tuesday, June 25, 2024
A senior trade official today said that real-time digital transactions that India does are more than that are done in the US, China, and Europe put together.
Pakistan stands on the brink of default even as it remains engaged with the International Monetary Fund at the tail end of a three-year programme. While the country’s economic woes are rooted in its own inept policies, International Monetary Fund has escaped scrutiny of its stabilisation programmes that have failed to put Pakistan on a sustainable path in 22 attempts and certainly needing another programme immediately after this one concludes.
Digital or e-rupee worth over Rs 130 crore is in circulation on a pilot basis as of February 28, finance minister Nirmala Sitharaman said on Monday. The Reserve Bank of India (RBI) had launched pilots in digital rupee in the wholesale segment (e₹-W) on November 1, 2022 and in the retail segment (e₹-R) on December 1, 2022.
For much of the day, anyone doing analysis on the now-liquidated Silicon Valley Bank was confined to using stale financial data as of Dec. 31.
The US national debt will balloon by nearly $20 trillion over the next decade under the spending outlined in President Biden’s $6.9 trillion budget proposal released on Thursday.
This is the argument for more money printing, and perhaps unlimited money printing, recently advanced by Professor Mariana Mazzucato on prime-time BBC.
Californians who meet the requirements ought to have already received their stimulus payments. Here's the final stimulus checks in California explained.
Some people attribute the record corporate profits to driving inflation, while others cast doubt on that theory since they believe it is unlikely that a significant change in corporate concentration occurred during the pandemic over the course of just a few years.
According to central bank chief Riad Salameh, Lebanon will adopt a new official exchange rate of 15,000 pounds per US dollar on February 1, which will devalue the currency by 90%.
Major US banks have reported mixed results for the fourth quarter, as bank executives pointed to the rising odds of a "mild recession," with inflation and interest rate hikes challenging households and businesses. It seems like big US banks are preparing for a mild recession.