China’s digital yuan has the West frightened
The digital yuan is challenging the US dollar’s dominance of $7 trillion in daily currency flows and is surging ahead thanks to the blockchain-based mBridge project. The digital prototype, supported…
Namibia to sell minerals to Japan
Namibia on Tuesday signed an agreement with Japan to jointly explore rare earth minerals as part of Japan’s plan to develop supply chains for cobalt and other minerals used to…
Why Germany’s real estate sector is in the dumps
Germany has long enjoyed the fruits of an era of cheap money that fueled a decade-long real estate boom, but the sector is now experiencing a major turnaround in fortunes.…
Taiwan lost tons of weapons?
Taiwan’s armed forces have lost about $2.8 billion worth of military property, Taipei Shibao reported, citing a defense establishment audit. In the course of reconciling the reports of the General…
US state banks required to have Fed approval before conducting stablecoin transactions
State banks that are members of the US Federal Reserve System must obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in stablecoins. For banks to…
US credit card debt surpasses $1 trillion for first time ever
US consumers’ credit card debt has surpassed $1 trillion for the first time in history as high inflation continues to drive up costs, the New York Federal Reserve said in…