ECB and Bank of England activate euro swap line
The European Central Bank and the Bank of England activated a standing currency swap line, stepping up their preparations for Britain’s possible departure from the EU later this month. Under […]
Breaking views
China cuts tax and boosts lending
China will cut billions of dollars in taxes and fees, increase infrastructure investment, and step up lending to small firms, Premier Li Keqiang said Tuesday, as the world’s second-largest economy […]
US-China Trade War: American company suffering for the situation
American companies in China have been warned that they are facing a “paradigm shift”, where ties between the United States and China will never return to pre-trade war days. The […]
Swiss 1000 franc note is getting a new look
Among the world’s most valuable currency notes, Switzerland’s 1,000-franc note ($1,002) is currently underway its design makeover and will be unveiled on March 5. The revamping of the top Swiss […]
Kuwait, China deal for a 10 bn investment fund
Kuwait is planning to create a $10-billion fund with China to invest in the two countries, reported Bloomberg, citing people with knowledge of the matter. The Gulf state is discussing […]
Artificial intelligence is expected to be more effective in banking sector
Artificial intelligence may be something fundamentally new for many industries – but not for the banking sector: according to analysts at Accenture, who prepared the Banking Technology Vision 2018 report: […]
China blocked millions from travel testing social credit last year
Millions of people in China last year were barred from traveling and even getting a better job because of their failure to pay fines, among other minor offenses. China’s National […]
US recession is near, survey reveals
The US economy is likely to fall into recession by 2021, according to the latest survey from the National Association for Business Economics (NABE), released Monday morning. The NABE survey, […]