Author: Lucas

The International Monetary Fund’s latest Fintech Note, supported by research insights from institutions such as the Bank of England, Bank of Canada, Bank for International Settlements, and studies from the Kansas City Federal Reserve and multiple central banks, offers a sweeping assessment of how central bank digital currencies (CBDCs) could reshape competition in retail payments. As digital transactions accelerate and private platforms consolidate market power, the Note argues that CBDC could become a subtle but powerful counterweight, challenging entrenched fee structures, reducing barriers to entry, and opening space for new innovators across the payments landscape. CBDC as Both Payment…

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The Recording Industry Association of Japan (RIAJ) has announced its latest batch of official certifications! ENHYPEN earned their first-ever RIAJ triple platinum certification for their Japanese single album “YOI,” which has had over 750,000 units shipped in Japan. Meanwhile, &TEAM’s Korean debut mini album “Back to Life” was certified double platinum for over 500,000 units shipped in Japan. TXT’s Japanese album “Starkissed,” TWICE’s Japanese album “ENEMY,” and ZEROBASEONE’s Japanese EP “ICONIK” were all certified platinum for over 250,000 units shipped each in Japan. Finally, LE SSERAFIM’s Korean single album “SPAGHETTI,” BOYNEXTDOOR’s Korean mini album “The Action,” and TWS’s Korean mini…

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“Russian crude oil imports, which have already been on a downward trend, will within this month, cease altogether to be imported by the RIL refinery located in the SEZ,” a Reliance spokesman told this masthead.“And from 1st December onwards product exports from [the] SEZ refinery will be from non-Russian crude oil.Oil silos on the Russkoye heavy crude oil field, operated by Rosneft PJSC, in the Yamalo-Nenets region of East Siberia.Credit: Bloomberg via Getty Images“All our product exports to Australia are from the refinery in SEZ and will have been derived from non-Russian crude oil from that date.”CREA analyst Vaibhav Raghunandan…

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Under ’60–day’ reporting, a UK resident who disposes of UK residential property and makes a gain on which capital gains tax is due must calculate, report and pay the tax within 60 days of the completion of the transaction (prior to 27 October 2021, the deadline was 30 days from completion). The rules primarily affect landlords and second home owners, but trusts and estates are also in scope and those who find they don’t qualify for full private residence relief – perhaps because they have moved out following a separation or because the property is inherited – may also find…

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Additionally, market makers will operate on-chain, and investors will be able to use shares as collateral and interchange them with Figure’s Nasdaq-listed stock through the company’s treasury. Figure said the blockchain-based structure will enable 24/7 trading, direct ownership through digital wallets and more transparent stock lending without brokers or centralized clearing firms. Holders will be able to lend or borrow shares through Democratized Prime, a decentralized finance protocol on Provenance, and can use the company’s SEC-registered $YLDS stablecoin to settle transactions. Shareholders will also be able to vote directly on the blockchain, according to Figure’s press release. “What we’re doing…

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As the cost of food continues to rise, mastering the art of grocery shopping on a budget becomes crucial for families of all sizes.gettyAs the cost of food continues to rise, mastering the art of grocery shopping on a budget becomes crucial for families of all sizes. You can significantly impact your overall financial health by applying smart strategies to reduce your grocery bill. This guide will explore effective methods on how to save on groceries through strategies that help stretch your food budget while maintaining good nutrition.How Should You Budget Groceries?According to the USDA’s October 2022 Cost of Food…

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The Princess of Wales has called on business leaders to prioritise ‘time and tenderness’ alongside profit and success in her first public speech for two years.Catherine, 43, argued that productivity was not ‘incompatible’ with having a positive impact on young lives.She also thanked her team for their support over the last difficult few years of her own life, which saw her diagnosed with cancer in early 2024.The future queen was speaking at a landmark summit in the City of London organised by her Royal Foundation’s Centre for Early Childhood to encourage big business to invest in supporting children and their…

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IoT, artificial intelligence (AI), big data, cloud computing, robotics and automation are just some of the technologies helping to drive Industry 4.0, with intelligent manufacturing at its core. Flexible factories use the latest technologies to automate and streamline production. This promises increased efficiency, enhanced productivity, flexibility and customisation, real-time data analytics, and greater sustainability. While the benefits are clear, there are plenty of challenges when it comes to adapting factories to meet shifting and growing market demands. According to Global Industry Analytics, the smart manufacturing market is expected to reach $210.2bn in 2024, growing to $348.2bn by the end of…

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Monica Vinader’s Black Friday sale has officially landed, giving royal style fans the chance to snap up jewellery worn by some of the Firm’s most fashionable women. While the eco-conscious brand is a go-to for Princess Catherine, Meghan Markle has also been spotted wearing pieces from the British label. This year’s event includes discounts of up to 50% across hundreds of pieces. Shoppers can save big on bestselling necklaces, bracelets, earrings and rings, including several royal-approved staples. This includes one of the Duchess of Sussex’sstaples, her gold bracelet. Originally £185 and now reduced to £111, shoppers can make a saving of £74…

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