Accessible and affordable credit in the open banking
The long-term financial impact is beginning to materialize, as we move away from the pandemic. Borrowing provides a helpful financial buffer, but some can’t afford to borrow and yet cannot access mainstream credit. Even if an individual has the means to pay off a loan in time, some people are unfairly forced to accept high-cost, […]
India plans for tighter e-commerce rules
Reviewed memos along with the Ministry of Finance proposals such as “excessive” and “without economic rationale”, reveals India’s plan to tighten rules on its e-commerce market. The memos offer a rare glimpse of high-stakes policy-making governing a market already featuring global retail heavyweights from Amazon to Walmart, plus domestic players like Reliance Industries and Tata Group. […]
UK govt task force to be headed by Haldane
Former Bank of England Chief Economist Andy Haldane is appointed as the head of a British government taskforce. The government says that this taskforce is aimed at tackling regional inequality. Tackling economic inequality across the country was one of Prime Minister Boris Johnson’s central pledges. Haldane will be a permanent secretary in the Cabinet Office. This drives […]
Dividend’s payment policy extended to year end
Israel’s banking regulator extended until the end of the year a temporary provision. This will allow the banks to resume paying dividends. All these is because of the pandemic situation, and the country is under recovery right now. The Bank of Israel maintained its advisory to cap dividends at 30% of 2020 and 2021 profits. A higher figure at […]
COVID increasing money laundering risks
The United Arab Emirates central bank sees increased risks of illicit financial flows emerging from the pandemic. This includes money-laundering and terrorism financing. The use of unlicensed money service providers for money laundering has increased during this pandemic, as per the report. And also, the use of e-commerce to launder money. It also stated that the widespread […]
Pro-China pressure denied by IMF Chief Georgieva
In the IMF’s executive board’s formal review, the International Monetary Fund chief Kristalina Georgieva denied allegations that she pressured World Bank staff to alter data to favor China, while she was the CEO of the World Bank CEO. Georgieva addressed strong staffs, about the findings contained in an independent report. It had data irregularities in the World Bank‘s now-canceled “Doing […]
IAG not planning to tap investors for funds
The chief executive Luis Gallego said that the British Airways owner IAG is not planning to raise billions of euros from shareholders, for extending them through the COVID crisis. He said to the newspaper that they do not see the necessity to do a rights issue and are not considering it. He also added that […]
Minister says that UK seeking break down to digital trade barrier
The trade minister Anne-Marie Trevelyan will say about how Britain will look to break down digital trade barriers. This is to help its businesses export their services. He is the country’s newly appointed trade minister also. Britain’s Department for International Trade had published a report that seeks to predict trends in global trade. The demand […]