The International Monetary Fund (IMF) has always been averse to the growth of cryptocurrencies and similar digital assets. Recently, the IMF has cautioned Zimbabwe against implementing a gold-backed digital asset to stabilise its economy against the fluctuating US dollar. The financial body fears that this could disrupt the existing financial system in the country. Instead,
Consumer electronics retailer Best Buy has announced that it will revamp its membership program, TotalTech, due to decreased demand for electronics. The program will be renamed My Best Buy Memberships and will consist of three tiers. The new lower-priced option will offer exclusive discounts and access to popular products. Revenue Expectations and Cost Reduction Measures
The Bank of England (BOE) has defended its decision to upgrade the UK’s growth forecast, which it called its “biggest upgrade” ever. BOE Governor Andrew Bailey said the change reflected the rapidly shifting economic landscape. The bank had previously predicted the longest-ever recession in the country, but now believes that the UK will not enter
The Indian Government recently issued a notice to Meta’s messaging platform WhatsApp regarding a surge in international scam calls. In response, WhatsApp assured its users that it prioritizes their safety and privacy. The messaging platform offers features like ‘Block’ and ‘Report’ to prevent unwanted calls or messages. Additionally, WhatsApp claims to have improved its AI
Goldman Sachs has predicted that “green capex” will be the leading driver of global infrastructure over the next ten years. Green capex refers to capital expenditures that are directed towards sustainability goals such as decarbonization, infrastructure, and clean water. The investment bank says that public and private sectors will see a boom in investment towards