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ASIA: India’s Gross Domestic Product (GDP) growth slowed to a three-quarter low of 4.4 percent in October-December 2022-23 primarily due to a 1.1 percent contraction in manufacturing, along with weaker private consumption demand and government expenditure, according to data released by the National Statistical Office (NSO) on Tuesday. Slowing from 6.3 percent in July-September and

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Like many other countries, the UK has developed a plan for a central bank digital currency (CBDC). A digital pound would essentially act like an onlin

The Bank of England and HM Treasury have recently announced the launch of the digital pound project, a Central Bank Digital Currency (CBDC)

It would be a new form of sterling which would be used by people and businesses for their routine payments requirements.

The Bank of England and HM Treasury are consulting on the model for a UK retail central bank digital currency (CBDC) or ‘digital pound’ that would sit alongside, not replace, cash. On...

Bank of England Governor Andrew Bailey questioned the need for a digital pound on Monday just as euro zone finance ministers backed further preparatory work on a digital euro.

The United Kingdom is preparing to introduce the digital pound backed by the Bank of England (BoE), essentially making the idea of a trackable central bank digital currency (CBDC) a reality. [...]

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