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Tag: Business Finance

UK May Launch Digital Pound This Decade, Authorities Say

MOSCOW (Sputnik) – A digital pound is “likely to be needed in the future,” with the UK authorities likely to decide on its introduction in the second half of this decade, the UK Treasury and the Bank of England said on Tuesday. The post UK May Launch Digital Pound This Decade, Authorities Say appeared first on .

Musk Says He's ‘Deeply Appreciative’ of Jury Verdict Finding Him Innocent in Investor Lawsuit

WASHINGTON (Sputnik) – Billionaire entrepreneur and Tesla chief Elon Musk said late Friday he is deeply appreciative of a US jury that found him not liable for losses experienced by investors following a 2018 “funding secured” tweet. The post Musk Says He's ‘Deeply Appreciative’ of Jury Verdict Finding Him Innocent in Investor Lawsuit appeared first on .

US Credit Card Debt Reaches 18.5%, Hits Record $930.6 Billion

Inflation in combination with rising interest rates are leading more Americans to spend borrowed money on necessities like food and rent. This week, the Federal Reserve increased interest by a quarter of a point; however, the recent hike is more modest than previous raises, and marks the eighth hike since March of 2022. The post US Credit Card Debt Reaches 18.5%, Hits Record $930.6 Billion…

China's slow road to economic recovery after dropping its zero-Covid policies

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube China’s tourism industry has bounced back after three years of zero-Covid, but the economic recovery comes too late for some business owners. Domestic tourism, which suffered during the pandemic, has also rebounded, with tourists spending billions over the Lunar New Year holiday. Nevertheless, economic activity still falls short of pre-2020 levels. Support us: https://subscribe.scmp.com Follow us…

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