Households should consider building up a reserve of paper money and coins at home, the European Central Bank (ECB) said in a statement last week that reminded people cash is a fail-safe backup if digital currency and payment systems malfunction.
Tag: Global Economy
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GERMANY LEADS ECONOMIC UPTURN IN EUROPE
In September, the Eurozone’s economy grew at the fastest rate in 16 months, led by strength in Germany’s services sector.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Over 100,000 federal employees are expected to resign today under President Trump’s deferred resignation program, according to thegatewaypundit.com.
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GLOBAL DEBT REACHES YET ANOTHER NEW RECORD
At the end of this year’s second quarter, worldwide debt had climbed to $337.7 trillion as the world’s economy weakened, central banks reduced interest rates, and the U.S. dollar’s value continued to slump, the Institute of International Finance (IIF) reported.
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SPOTLIGHT: BIGS GETTING BIGGER
As we detail in this and previous Trends Journals, investment into the private equity business and Merger and Acquisition activity have been in decline.
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PUTIN MULLS TAX HIKE ON THE RICH AS THE WAR ECONOMY TIRES
On 18 September, Russian president Vladimir Putin hinted he might be ready to raise various taxes, especially on wealthy Russians, as the country’s war-weary economy shows signs of strain.
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SWISS BANKS SUCCEED IN SETTLING PAYMENTS USING A BLOCKCHAIN
Three Swiss banks have successfully made actual payments from bank deposits via a public blockchain, the Swiss Bankers Association said on 16 September.
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CANADA CUTS INTEREST RATE BY A QUARTER POINT
For the eighth time since May 2024, the Bank of Canada (BoC) has cut its policy interest rate. The bank’s governing council took off a quarter point. That halved the rate from 5 percent in May 2024 to 2.5 percent now, its lowest in three years.
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ARGENTINA’S CENTRAL BANK RESCUES PESO AMID POLITICAL CRISIS
On 17 September, Argentina’s central bank sold 53 million U.S. dollars and used the proceeds to buy pesos. That took about 78 billion pesos out of circulation.