Central banks in Australia, Singapore, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC) to assess if this allows transactions to be settled more cheaply and easily, the banks said on Thursday.
Japan announced on Thursday a list of initiatives it will focus on to promote green technology and digitalisation, as part of efforts to boost the economy’s long-term growth.
Oil prices edged higher on Thursday, supported by a sharp decline in U.S. crude stocks and a weaker dollar, though gains were capped by an OPEC+ decision to stick to its policy of gradually increasing output.
The Biden administration has an ambitious $7.5 billion plan to expand electric vehicle charging to underserved areas, but it must first overcome a host of obstacles that have discouraged private investment in more equitable charging networks.
Euro zone manufacturing growth remained strong in August but supply chain issues caused by the coronavirus pandemic continued to constrain supplies of the raw materials factories need, driving up prices, a survey showed on Wednesday.
South Korea’s factory activity grew at a slower pace in August, as output contracted for the first time in 12 months and demand eased due to surging coronavirus infections across the region and continued supply chain disruptions.
Frustrated at the pace of Wells Fargo & Co’s (WFC.N) efforts to compensate victims of its sales practice scandals, U.S. regulators have warned they may impose new sanctions on the bank, Bloomberg reported on Tuesday.
Widespread flooding, power outages and debris-strewn roads slowed recovery efforts by energy companies on Tuesday after Hurricane Ida ripped into oil production facilities, ports and refineries.
U.S. consumer confidence fell to a six-month low in August as worries about soaring COVID-19 infections and higher inflation dimmed the outlook for the economy.
The Biden administration plans to make federal lands cheaper to access for solar and wind power developers after the clean power industry argued in a lobbying push this year that lease rates and fees are too high to draw investment and could torpedo the president’s climate change agenda.
Central banks in Australia, Singapore, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC) to assess if this allows transactions to be settled more cheaply and easily, the banks said on Thursday.
Japan announced on Thursday a list of initiatives it will focus on to promote green technology and digitalisation, as part of efforts to boost the economy’s long-term growth.
Oil prices edged higher on Thursday, supported by a sharp decline in U.S. crude stocks and a weaker dollar, though gains were capped by an OPEC+ decision to stick to its policy of gradually increasing output.
The Biden administration has an ambitious $7.5 billion plan to expand electric vehicle charging to underserved areas, but it must first overcome a host of obstacles that have discouraged private investment in more equitable charging networks.
Euro zone manufacturing growth remained strong in August but supply chain issues caused by the coronavirus pandemic continued to constrain supplies of the raw materials factories need, driving up prices, a survey showed on Wednesday.
South Korea’s factory activity grew at a slower pace in August, as output contracted for the first time in 12 months and demand eased due to surging coronavirus infections across the region and continued supply chain disruptions.
Frustrated at the pace of Wells Fargo & Co’s (WFC.N) efforts to compensate victims of its sales practice scandals, U.S. regulators have warned they may impose new sanctions on the bank, Bloomberg reported on Tuesday.
Widespread flooding, power outages and debris-strewn roads slowed recovery efforts by energy companies on Tuesday after Hurricane Ida ripped into oil production facilities, ports and refineries.
U.S. consumer confidence fell to a six-month low in August as worries about soaring COVID-19 infections and higher inflation dimmed the outlook for the economy.
The Biden administration plans to make federal lands cheaper to access for solar and wind power developers after the clean power industry argued in a lobbying push this year that lease rates and fees are too high to draw investment and could torpedo the president’s climate change agenda.
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