Tag: Economy

The Inflation Reduction Act of 2022 was signed into law by President Joe Biden on Aug. 16, 2022. The previous year it had already passed the House of Representatives. After getting through the House, the bill would need to pass the Senate to get to Biden’s desk for the signature that would make it a…

© Reuters. FILE PHOTO: Taiwanese President Tsai Ing-wen makes a speech at a rank promotion ceremony of military members in Taipei, Taiwan, December 26, 2022. REUTERS/Ann Wang TAIPEI (Reuters) – Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the island from global…

Three months after taking control of Twitter, Elon Musk is adopting a less pessimistic tone about the future of the social network, which he defines as the town square of our time. A few weeks ago, the billionaire was worried about the financial health of the platform, which saw an exodus of advertisers, while advertising…

© Reuters. FILE PHOTO: The Bank of Israel building is seen in Jerusalem June 16, 2020. REUTERS/Ronen Zvulun JERUSALEM (Reuters) – Israel’s banking regulator on Sunday approved a conditional licence and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly concentrated banking sector in three…

© Reuters. FILE PHOTO: People walk in front of closed shops as traders lock up their stores in protest of Ghana’s worsening economic conditions in Accra, Ghana October 19, 2022. REUTERS/Francis Kokoroko By Cooper Inveen ACCRA (Reuters) – Ghana has further extended the deadline to register for its domestic debt exchange to Jan. 16 in…

When the subject is cryptocurrencies, bitcoin usually dominates.  The most popular of the digital currencies has often been confused by the general public as the one representing the entire cryptocurrency industry. Since its creation by one or more anonymous people in 2009, bitcoin has always been assigned the leading role. Cryptocurrency fans see the most…

The US Federal Reserve has historically taken pride in being independent from political influence. In promoting the effective operation of the U.S. economy, it seeks to conduct monetary policy for maximum benefit of the public interest and the stability of the financial system. One of the Fed’s primary tasks, for example, is deciding when to…

Sam Bankman-Fried is being released on a huge recognizance bond following his appearance in a Manhattan Federal Court to face  fraud charges related to the collapse of FTX and Alameda Research. The disgraced crypto king was extradited from the Bahamas to the United States late on Dec. 21. He appeared in a federal court in…

© Reuters. The logo of Russian bank Otkritie is seen at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov By Alexander Marrow, Maria Kiselyova and Elena Fabrichnaya MOSCOW (Reuters) -The Bank of Russia on Thursday agreed to sell bailed-out Otkritie Bank to the country’s No.2 lender, state-owned…

© Reuters. FILE PHOTO: People cross a main road outside a shopping mall during afternoon rush hours in Jakarta, Indonesia, November 30, 2022. REUTERS/Willy Kurniawan By Gayatri Suroyo and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s central bank raised its key policy rate on Thursday but at a slower pace than in recent months, reaffirming that inflation…