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Air India Express (AIE), a wholly owned subsidiary of Air India, has informed the Kerala High Court that the claims for compensation by victims of the Karipur air crash are being considered based on p ....
Apr 28, 2021 The worldâs reserve currency relies on oil, dictators, inequality and the military-industrial complex. But a Bitcoin standard could change this. In its growth from conceptual white paper to trillion-dollar asset, Bitcoin has attracted an enormous amount of criticism. Detractors focus on its perceived negative externalities: energy consumption, carbon footprint, lack of centralized control and inability to be regulated. Regardless of the validity of these arguments, few critics stop to think comparatively about the negative externalities of the world’s current financial system of dollar hegemony. This is, in part, because many Bitcoin critics see it as just a Visa-like payment platform, and analyze its performance and costs by “transactions per second.” But Bitcoin is not a fintech company competing with Visa. It is a decentralized asset competing to be the new global reserve currency, aiming to inherit the role gold once had and the role the dol ....
The local currency – Pula depreciated by 0.9 percent against its South African counterpart – the Rand over the one-month period to February 2021. Data from the central bank – Bank of Botswana shows that during the same period, the local currency appreciated by 0.3 percent against the IMF Special Drawing Rights (SDR). A further breakdown of the figures shows that the Pula recorded a mixed performance against the SDR constituent currencies. It appreciated by 2.1 percent against the Japanese yen and 0.5 percent against both the US dollar and the Chinese yuan, while it depreciated by 1.3 percent against British pound, and remained relatively stable against the euro. ....
From:ChinaDaily | 2021-03-01 07:46 Amid COVID, China calls to strengthen G20 s ability to thwart any global financial dangers The Chinese central bank governor has called for increasing the general allocation of the international reserve assets created by the International Monetary Fund to enhance all G20 members ability to handle unintended global financial vulnerability amid the COVID-19 pandemic. The IMF s Special Drawing Right can be used to supplement the official reserves of G20 member countries and to cushion shocks, as recovery is uneven globally with high uncertainties and it may stretch over a longer term for vaccinations to curb variants of the virus, experts said in the past weekend. ....
We just waved goodbye to a topsy-turvy year 2020, before a volatile 2021 embraces us right ahead. And maybe in nowhere is the volatility more keenly felt than in the global financial market, which has been on a roller coaster ride since the onset of Covid-19. The first 3 months of 2020 saw ....