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Adam Gilmour, founder and chief of Gilmour Space Technologies. Source: Supplied. Gilmour Space blasted onto the tech pages with news of its $61 million raise this morning, proving the Aussie space scene is attracting interest — and big cheques. It’s the latest in a string of huge funding announcements for local startups. But it also follows an uptick in activity in the Aussie space tech scene. RMIT is set to launch a space hub to support businesses seeking satellite data, and the Australian National University has secured a $2.5 million grant to establish infrastructure for space testing ...

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.

Washington, DC: On May 14, 2021, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Luxembourg. ...

Asli Demirgüç-Kunt, Bálint Horváth, Harry Huizinga International trade and financial globalisation have made economies more interdependent and more exposed to each other’s domestic shocks. Economic theory suggests that globalisation affects the transmission mechanism of monetary policy and that its spillovers could strengthen the international dimension of monetary policy (e.g. Dedola et al. 2017, Gerko and Rey 2017, Iacoviello and Navarro 2019). When monetary policy actions spill over abroad, this might at times complement policy choices in other countries and thus be a welcome externa...

Financial Stability Review, May 2021 Foreword This is the third issue of the Financial Stability Review (FSR) prepared in the context of the coronavirus COVID-19 pandemic, with many euro area countries having faced a third wave of infections. As a result, a vast number of firms – particularly those in the services, leisure and travel sectors – still cannot operate normally, and the economy is still reliant upon policy support to prevent widespread unemployment, corporate insolvencies and economic contraction. The human and economic costs of the pandemic continue to accrue. That said, vacc...