Economy

The rapidly evolving landscape of digital finance has prompted major central banks, including the Bank of England (BoE), to reconsider their roles in managing currency and banking services. Governor Andrew Bailey has voiced his concerns about the implications of newer technologies and cryptocurrencies infiltrating the daily financial transactions traditionally dominated by commercial banks. His statement
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In a week punctuated by fluctuations in investor sentiment, the Nasdaq Composite managed to achieve a modest increase, bolstered primarily by the performance of megacap technology stocks. On Friday, this index rose by 103.12 points, or 0.56%, closing at 18,518.61. This surge reflects a broader trend where investors seem to be cautiously optimistic as they
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In a significant move that could reshape international trade, ministers from the G20 nations convened in Brasilia, Brazil, to discuss policies that strengthen sustainable development while also enhancing the participation of women in global trade. The outcome of this one-day meeting, as expressed by Brazil’s Vice President and Trade Minister, Geraldo Alckmin, reflects a transformative
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As we navigate through the final quarter of 2023, the economic landscape in the United States reveals a landscape marked by cautious optimism. According to the latest report from the Federal Reserve’s Beige Book, economic activity from September through early October exhibited minimal changes. Many businesses have observed a slight uptick in hiring patterns, nurturing
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In a significant ruling, a federal court in Australia ordered Qantas Airways to compensate three former baggage handlers who were unlawfully terminated in 2020. This decision forms part of a larger legal dispute impacting approximately 1,700 workers, whose positions were outsourced amid the financial turbulence caused by the COVID-19 pandemic. The substantial payout of A$170,000
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The term “soft landing” in the context of the U.S. economy refers to a situation where economic growth slows down without triggering a recession. This scenario is characterized by improving economic indicators while inflation remains manageable and unemployment levels stabilize. Recent analyses by BCA Research suggest that a soft landing could have profound implications for
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