World Economy News and Insights

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Israel To Test Blockchain-Based Digital State Bonds

Israel’s Ministry of Finance and Tel Aviv Stock Exchange (TASE) plan to perform live testing of tokenized government bonds.

The Conference Board Reports 99% Of CEOs Are Preparing For A UK Recession

A survey conducted by The Conference Board, a non-profit research firm, revealed that the confidence of CEOs in the UK and US economies has hit an all-time low since the Great Recession.

China's Digital Currency Rollout Records Massive Success

The Chinese CBDC, e-CNY, has recorded great success in its pilot stage as transactions exceed the $14B mark. It has also seen more adoption than any other CBDC in the world, with the number of transactions exceeding 360M.

India’s Central Bank To Adopt CBDCs In A Bid To Combat Crypto Threat

India move to CBDC as a measure to eliminate the perceived threat of cryptocurrencies.

Sweden’s Central Bank To Test Use Of CBDC For Retail Payments

Sveriges Riksbank has released a statement revealing it will partner with different entities to test its CBDC's capability for international payments.

Bank Of England To Purchase Gilt Bonds To Stabilize Market

The Bank of England revealed its plans to start unlimited gilt bond purchases until October 14 to stabilize its financial market.

Eurozone Hits An All-Time High Inflation Rate Of 9.1%

The Eurozone’s annual inflation rate rose to 9.1%, increasing the pressure on the ECB to raise interest rates and inciting fears of an economic recession.