currency
New York (AFP) - Nvidia edged out other tech giants Tuesday to become the world's most valuable publicly traded company, a rise that also helped lift the Nasdaq to a seventh straight record close. Nvidia's feat came on an up day for most global equity markets in spite of lackluster economic data in the United States and Germany and lingering unease about upcoming political elections in France. All three major US stock indices climbed, along with bourses in Paris, Frankfurt, London and Tokyo. Nvidia, which has enjoyed a monumental ascent over the last 18 months amid enthusiasm over generative a...
AFP
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA International
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA Breaking News
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA International
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA Breaking News
Consumers in the eurozone would benefit from a digital euro currency, according to the head of the German central bank. They would have a European means of payment at their disposal that is secure, convenient, fast, reliable, free of charge and can be used throughout the eurozone, Bundesbank President Joachim Nagel said in a speech to a banking conference in Berlin on Wednesday. "As things currently stand, German bank cards, for example, don't always work in other euro area countries," Nagel said. In contrast to many commercial payment providers, the Eurosystem has no interest in monitoring pe...
DPA
Washington (AFP) - From a trade imbalance to technological competition, a host of economic flashpoints are boosting tensions between Washington and Beijing -- and these are among areas in which both Republicans and Democrats can agree. What's behind these concerns? American debtRepublicans in particular are worried about this issue, concerned that China holds too much American debt. The fear is that Beijing could use this to pressure Washington by threatening to resell its bonds, bringing down the value of holdings. While the American debt exceeds $34 trillion, only around $8 trillion is held ...
AFP
Washington (AFP) - The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday. The dollar continues to be the most widely used currency for international transactions, and is top among the notes held by foreign investors as a store of value, Fed Governor Christopher Waller told a conference in the Bahamas, according to prepared remarks. "By standard measures of an international currency's use, there has not been any notable erosion in the dollar's domina...
AFP
Central banks all over the world, including the Federal Reserve in the United States, have been considering the development and circulation of a central bank digital currency (CBDC). If you’re a cryptocurrency fan, you might be concerned about how this would affect the future of these coins. If you’re a crypto skeptic, you might be concerned that a centralized digital currency would have even more disadvantages than independent cryptocurrencies. And if you’re new to the world of crypto, you might have absolutely no idea what’s going on. Here’s what you need to know. The Premise of a Central Ba...
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