Travellers may be facing further disruption come January when Britain’s transition period leaving the European Union comes to an end. Until then Britons travelling abroad will continue to have the same rights and benefits as when the country was still part of the bloc. What happens after that will depend […]
currency
As Bulgaria and Croatia bid to join the euro, is there life in the currency yet?
In addition, they are likely to have a negligible impact on the bloc either economically or politically. The combined size of their economies is less than 5pc of the UK’s GDP and the two countries have a lower output than Ethiopia, Guatemala and city state Luxembourg. That lessens the risk […]
China plays with fire by drawing on currency card
TOKYO — China’s central bank has weakened its reference rate for the yuan for a second day amid rising tensions with the U.S., stoking market concerns of capital flight and a rekindled trade war. The People’s Bank of China on Tuesday set its central parity rate for the yuan to 7.1293 against the […]
Singapore’s Temasek joins Facebook-backed Libra currency
SINGAPORE — Singapore state investment firm Temasek Holdings has joined Facebook’s Libra cryptocurrency project, the Libra Association announced Thursday. A major boost for the Swiss-based Libra Association, Temasek said it was joining the non-profit independent organization formed to facilitate the development of the cryptocurrency to explore its advanced use. “Blockchain […]
China should use digital currency for post-corona stimulus
The world barely took note in mid-April when the news broke that the People’s Bank of China is experimenting with a digital currency to be rolled out by state-owned banks. In some ways, the news represents confirmation of just how China has leapfrogged the rest of the developed world when […]