Payments giant Mastercard says adoption is the most challenging part for state-issued digital currencies. The second-largest payment-processing provider, Mastercard, sees no prospects for central bank digital currencies (CBDCs) shortly, as …
Governments and central banks should step up the adoption of central bank digital currencies (CBDCs) to improve cross-border payments, which are currently “expensive, slow and available to few”, said Kristalina …
Africa’s mounting debt crisis could undermine the continent’s economic progress and stability. The problem has worsened with the economic fallout of the COVID-19 pandemic, the war in Europe, and the …
Argentina will not break ties with China if far-right presidential candidate Javier Milei is elected, but it should review “secret agreements” the current government signed with Beijing and consider not …
Pakistan International Airlines (PIA) has cancelled 349 flights in the last two weeks due to a shortage of fuel, underscoring the difficulties faced by the cash-bleeding national flag carrier. The …
Be grateful for small mercies. Last week, Citigroup’s Economic Surprise Index – a gauge that measures how often economic data comes in above or below expectations – swung back into …
When asked why the BOJ isn’t tapering or preparing to raise interest rates, governor Kazuo Ueda has taken to signalling that it all depends on China. So has Bank of …
In state economies, the opposite is true and private enterprise has to walk a fine line between freedom and the threat of repression, as is the case in China. So, …
The IMF’s Global Financial Stability Report, released earlier this month, warned that there are still vulnerabilities out there. This is not difficult to see since global real estate values are …
Argentina may be about to leap into the political unknown. The South American country, the region’s No. 2 economy after Brazil, will vote in presidential elections on Sunday with a …