The use of the US dollar by President Joe Biden to impose sanctions on Russia this year and new technical advancements all encourage countries to start undermining its hegemony and suddenly hunting for alternatives to the US dollar.
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.
The business daily Mint reported that not a single Adani company features among India's top corporate taxpayers, with Tata Consultancy Services (TCS) paying the most.
The animation from Visual Capitalist's Jan Varsava visualises the S&P 500 in 2023. So far, Nvidia shares have gained the most of all the companies on the S&P 500 in Q1 2023.
China has also increasingly promoted the global usage of the yuan and expanded foreign investors' access to its commodity exchanges in order to erode the dominance of the US dollar in global trade agreements.
In a significant development, Saudi Arabia's Ministry of Investment signed a $5.6 billion deal with a Shanghai-based electric vehicle company to develop EVs (Electric Vehicles).
© AP Photo / Ng Han Guan
According to data taken from the Central Bureau of Statistics in Israel, by the financial time, the war on Gaza might collapse Israel's economy as it has already destroyed thousands" of businesses.
Table of...
According to The Knight Frank Wealth Report 2024, the amount needed to enter the elite 1% in different countries is detailed below, with Monaco leading at $12.9 million.
There...
According to reports, India and Russia are considering an Arctic shipping line to link Southeast Asia with Europe in less time than the Suez and Panama canals.
How foreign funds are the new East India Company that are colonising successful Indian startups.
