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CATEGORY

FINANCE

BUSINESS

Bank of England Confirms CBDC Launch By 2025

Digital Desk -
The Bank of England and HM Treasury are launching a consultation into a retail central bank digital currency (CBDC), a “digital pound” which is to be launched...
BUSINESS

Bank of England Raises Interest Rate To 4%

Digital Desk -
The Bank of England has hiked interest rates by 0.5 percentage points taking the base rate to 4 percent. This is the tenth increase...
ECONOMY

Bank of Japan loosens bond yield cap in surprise move

Digital Desk -
The Bank of Japan has broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and hit stocks in...
FINANCE

Markets close weaker as investors price in more rate hikes

Digital Desk -
Inflation is close to it's peak, as CPI data suggests going from 10.4% to 10% over November, but rate hikes are still on the...
BUSINESS

Digital Payment Company, Stripe Cuts Workforce By 14%

Digital Desk -
Stripe announced lays off 14% of global workforce Stripe the digital payment firm based in Dublin has announced a 14% cut in their total workforce. Founded...
AFRICA

Zimbabwe Launches Gold Coins As Legal Tender To Curb Inflation

Digital Desk -
Zimbabwe launched gold coins to the public in an unprecedented move to curb inflation and boost confidence in the local currency. This move was announced...
BUSINESS

‘The dream comes true’: Croatia to start using euros in January

Digital Desk -
European Union leaders have agreed that Croatia will join the group of countries using the euro in January, bringing the number of nations sharing...
BUSINESS

Europe’s central bank to hike rates in July

Digital Desk -
The European Central Bank (ECB) said on Thursday that it would carry out its first interest rate increase in 11 years in July, followed...
FINANCE

Journalists acquitted in Turkey over reports on currency crisis

Digital Desk -
A Turkish court on Friday acquitted two reporters for the US-based Bloomberg news agency who were accused of trying to undermine Turkey’s economic stability...
BUSINESS

Inflation in 19 nations using euro sets record of 5.8%

Digital Desk -
Inflation in Europe hit a record high for the fourth month in a row, raising questions about when the central bank should step in...
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