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US Fed assess risks and benefits of CBDC

US Fed assess risks and benefits of CBDC

The US Fed is about to launch its digital currency. The regulator has already entered the final stage of solving the issue. The US is doing its best to keep up with China that is already introducing digital currencies in four local banks.Washington is completely ready to create its own digital currency. At the moment, the US economists are assessing potential benefits and risks.
13:43 2020-10-30 UTC+00
Sweden bans Huawei from 5G telecoms networks

Sweden bans Huawei from 5G telecoms networks

Chinese spy company Huawei is still suffering from its criminal activities. The company has destroyed its reputation and continues losing clients. The fact is that the producer of electronic equipment is said to cooperate with the Chinese intelligence services.Sweden has banned equipment from Chinese telecommunication firms Huawei and ZTE from its new 5G network.
13:41 2020-10-30 UTC+00
Japan’s exports fall prey to coronavirus

Japan’s exports fall prey to coronavirus

The coronavirus crisis is consuming one economy after another. Now it is Japan’s turn to suffer a crushing defeat in the economic fight against the pandemic consequences. Business activity in Japan has hit a record low, and exports have been incurring massive losses.
07:06 2020-10-30 UTC+00
Justice Department sues Google over illegal monopoly

Justice Department sues Google over illegal monopoly

The US authorities have issued an antitrust lawsuit against Google because the company appears to be incredibly popular among ordinary users. According to the Justice Department, Google is "unlawfully maintaining monopolies in the markets for general search services, search advertising, and general search text advertising in the United States.
06:58 2020-10-30 UTC+00
Ten businesspersons who increase their capital during Trump’s tenure

Ten businesspersons who increase their capital during Trump’s tenure

According to Forbes, Donald Trump’s presidency turned out to be a smashing success for US billionaires who managed to ramp up their capitals significantly after  his election. Their total wealth was $2.9 trillion the day Trump was elected and in 2020 it amounted to almost $1 trillion.The ten famous tycoons have been able to boost their income the most since Trump won the presidency.
05:39 2020-10-30 UTC+00
British retail sales climb for fifth month in row

British retail sales climb for fifth month in row

According to the data provided by the UK’s Office for National Statistics, in September 2020, retail sales showed a significant rise. The data greatly exceeded the forecasts.The ONS noted that in September, retail sales advanced by 1.5% in contrast to August. On a yearly basis, the indicator jumped by 4.7%.Trading Economics emphasized that analysts had expected a rise of 0.
05:21 2020-10-30 UTC+00
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