Stablecoins denominated in U.S. dollars are increasingly being used as the medium of exchange in international trade – a shift that risks the “dollarization” of emerging economies, weakens their ability to control their money flows, and leaves them vulnerable to criminal activity, Pierre Hernandex de Cos, general manager of the Bank for International Settlements (BIS), said in a 20 April speech.
Closures continue to hit the retail and restaurant industry due to rising costs, declining demand, shifting consumer habits and online shopping.
The U.S. job market remains uneven, with continued layoffs as broader labor indicators hold steady. Companies cited cost pressures, restructuring, and increased spending on AI as key reasons for workforce reductions.
By the hard facts and indisputable data, the illegal and unjustifiable war that the United States and Israel have launched against Iran has inflicted severe economic damage across the globe.