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UK prepares digital pound public consultation

E&T

Over the last few years, China has pushed ahead with piloting a digital yuan and the European Central Bank is studying a digital euro, piling pressure on Britain to do the same and keep abreast of advances in financial technology. Nonetheless, the use of the digital pound has the potential to raise many public policy issues. .

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European economy stagnating as consumers feel inflation pinch

E&T

European governments and utilities also scrambled to line up additional sources to heat homes, generate electricity and power factories after Russia cut off most gas supply to the continent over its war against Ukraine. The bank is likely to deliver another rate increase at its upcoming policy meeting.

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Persistent inflation, higher interest rates will affect global economy: OECD outlook

Canadian Manufacturing

The global economy must steer through a precarious recovery this year and next as inflation keeps dragging on household spending and higher interest rates weigh on growth, banks and markets. ” It was a more optimistic outlook than the World Bank gave on Jun. That was the takeaway on Jun. from an estimated 2.2%

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China’s exports rebound to growth in March 2023

Canadian Manufacturing

and European demand following interest rate hikes to cool inflation. Exports to the United States and the 27-nation European Union, China’s biggest foreign markets, declined after the Federal Reserve and other central banks raised rates to slow consumer and business activity. European and Japanese sales.

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Britain prepares to bring in crypto regulation

E&T

Sunak added that “effective regulation” would encourage “the businesses of tomorrow to invest, innovate and scale up on UK shores”. On Wednesday, it will quiz experts from the FCA and Bank of England on the risks and benefits of central bank-issued cryptocurrency, known as CBDC.

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View from India: G20, an opportunity to be grasped

E&T

The G20 or Group of 20 consists of 19 of the world’s largest advanced and developing economies, as well as the European Union (EU). In the case of the finance track, central banks will focus on macroeconomic development, economic risks, and international financial outlook.

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China’s exports up 8.5 per cent in April despite weaker global demand

Canadian Manufacturing

and European Union showed a contraction in comparison with last year. Global consumer demand weakened after the Federal Reserve and central banks in Europe and Asia raised interest rates to cool inflation that was near multi-decade highs by reining in business and consumer activity. It was down 1.4% Trade with the U.S.