Month: May 2020
At last month’s National People’s Congress, China unveiled a much-anticipated fiscal stimulus package to counter the damage caused by the Covid-19 crisis to the world’s second-biggest economy. The virus-fighting spend, which amounts to an extra Rmb3.6tn ($500bn), or around 4 per cent of China’s
May I, as a Remainer, strongly disagree with Philip Stephens’ assertion in his article (“Britain’s Brexiters still do not understand Europe”, May 29) that the British government has gone back on its commitment to “a level playing field” in its current negotiations for a free trade agreement
UK banks are warning that up to half of the £18.5bn of “bounce back” coronavirus loans are unlikely to be repaid and are lobbying the chancellor to prepare for the collapse of hundreds of thousands of small businesses. Three senior bankers estimated between 40 per cent and 50 per cent of the
Nestlé is to change the name of its plant-based “Incredible Burger” to “Sensational Burger” in European markets after a Dutch court granted an injunction filed by US start-up Impossible Foods. In its preliminary judgment last week, the District Court in The Hague said Nestlé had infringed
Housing secretary Robert Jenrick gave the go-ahead to a contentious redevelopment project in London just weeks after he was lobbied by the businessman behind the £1bn scheme at a Conservative party fundraising dinner. Mr Jenrick approved the planning application for the redevelopment of
The future of finance is decentralized. Striving to facilitate that prognosis, decentralized finance — or DeFi — is quickly shaping into an alluring prospect for investors and companies alike. Looking to harness this decentralized ideal, rivals to the Ethereum-centric sector are feeling the
Osinachi, a self-taught Nigerian digital and crypto artist, has sold his latest “I Can’t Breathe” digital art piece on May 31 for 7 Etherum (ETH), about $1,703 at press time on a blockchain art social network site SuperRare. Funding goes to a cause Osinachi’s piece reflects on the violence that
Synthetic central bank digital currencies (CBDCs) could offer the best combination for central banks exploring digital currencies, according to a senior representative of the International Monetary Fund. Tommaso Mancini-Griffoli, head of the monetary capital markets division at the IMF, said
Major Indian cryptocurrency exchange and wallet provider Zebpay has commissioned blockchain forensics firm Chainalysis to monitor transactions executed across its platforms in India. The move comprises an expansion in the partnership between Chainalysis and ZebPay, with Chainalysis already
In a recent response to a Right to Information query, the Reserve Bank of India, the Indian central bank, has stated that there is no prohibition on banks to provide bank accounts to cryptocurrency traders. But some banks have been arbitrarily denying services to crypto users and are still