A pilot plan to create a new digital currency platform and accelerate cross-border payments is led by the G7, the Federal Reserve and the main central banks of Europe, Korea and Japan. 40 of the world's main banks have joined the project.
The project was named Agora. “Seven central banks in total…
Read More...
Browsing Tag
Europe
Germany confirms GDP contraction of 0.1 %
Germany's Federal Statistical Office (Destatis) confirmed the 0.1 % contraction of Gross Domestic Product in the second quarter of 2024.
Ruth Brand, president of Destatis, noted that this contraction comes after a slight increase of 0.2 %…
France maintains imports of Russian natural gas
Restrictions in Europe on imports of Russian oil do not affect France's purchase of natural gas from this nation.
Supporters of Ukraine want to curb such trade activities, believing that imports help finance the large-scale invasion of the…
IMF issued warning on agrarian protests in Europe
The International Monetary Fund (IMF) issued a warning about agrarian protests in Europe, noting that they could have an impact on prices if they persist. However, the IMF also states that these protests are not expected to have a major…
German economy closed 2023 with a contraction of 0.3 %
According to data published this Tuesday by the German Federal Statistical Office, the country's economy contracted 0.3% during the last quarter of 2023.
Among the factors that influence this contraction of Germany's economy, compared to…
Amazon Prime Video will have commercials
Amazon has informed subscribers of its streaming content platform Amazon Prime Video that from January 29 next year it will include "limited ads" with the movies and series of its service.
This confirms what The Wall Street Journal and…
Germany works on a stablecoin linked to the euro
Germany advances in the field of cryptocurrencies. Recently, Deutsche Bank joined crypto fund manager Galaxy Digital in working with Dutch market maker Flow Traders Ltd. to launch a euro-pegged stablecoin.
The three partners have worked on…
European Commission will intensify the fight against crimes due to hate messages on the Internet
Through a statement from the European Commission this Wednesday, the organization confirmed that it will intensify the fight against crimes that are committed by hate messages disseminated over the Internet.
The immediacy of the content…
Lisbon is the European Capital of Innovation
The European Commission announced the winners of the iCapital award, which is awarded to the European Capital of Innovation. This year, Lisbon (Portugal) was the winner as the European Capital of Innovation and Linköping (Sweden) was the…
Germany could cut benefits for asylum seekers
Germany has taken a tougher stance on migrants, who are increasing in number across Europe. The country proposes measures ranging from cuts to the benefits of those seeking asylum, payments in kind or more community work, to deportations.…
Europe will develop a new generation of rockets and space vehicles
Ministers participating in the European Space Agency (ESA) summit in Seville, Spain, endorsed its roadmap to ensure Europe's autonomy and access to space, which includes a more competitive next generation of rockets and cargo vehicles…
ECB will begin preparation phase for the digital euro
This Wednesday, the European Central Bank announced the start of the test phase for a possible digital euro starting next November 1.
Members of the ECB council indicated that with this preparation phase, aspects such as the necessary…