According to Reuters, an infrastructure bill of approximately $1 trillion has been formulated by the U.S. senate. The essence of the bill is to build more infrastructure and renovate existing ones that are defective. Some of the amenities in view include sea-ports, rail-lines, motorways, bridges, …
Money management
A Decline in Britain COVID-19 Cases Lead To an Increase in the Pound
Reports over the weekend showed that there was a drop in the number of COVID-19 infection cases in the UK. This influenced an increase in the pound on Monday. However, the full effect of the ease of lockdown on the economy in the long term is yet to be estimated, experts say. COVID-19 Situation in …
China Records Over 34 Billion Yuan in the Pilot Trial Project of the Digital Yuan – PBOC
The People’s Bank of China has launched a pilot trial digital yuan project to estimate the impact on China’s financial policies and monetary system. This was reported in the Bank’s whitepaper document that there had been more than ¥34 billion worth of deals. These deals cut across primary retail …
