Day

November 29, 2020
The central banks of Saudi Arabia and the United Arab Emirates (UAE) have concluded a digital currency (CBDC) pilot, finding that distributed ledger technology can improve cross-border transactions and meet the demands of financial privacy in a purely digital context.  In a 93-page overview of the “Aber” project, the two central banks outlined the lessons...
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In February, Barbara Creecy, the minister of environment, forestry and fisheries, said during the state of the nation debate in the National Assembly how climate change poses significant risks to South Africa’s current and future socioeconomic development.  Yet her dismissal of eight appeals against the second phase of the proposed Mokolo and Crocodile West water...
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Crypto custodian Copper is looking to connect institutions to the emergent world of decentralized finance (DeFi) with a newly unveiled product.  Announced Friday, CopperConnect is a bridge between Copper’s existing storage services and DeFi apps. In a press release for the new tool, Copper claims DeFi risks have been decreasing, making the speculative field more...
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Two-and-a-half years after striking a political deal with his erstwhile political enemy that saw him being handed the presidency of the Democratic Republic of the Congo (DRC), an emboldened President Félix Tshisekedi has thrown down the gauntlet and is openly challenging his coalition partner, Joseph Kabila. The political agreement struck between former president Kabila and...
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As some start to wonder about a post-Bretton Woods economic system, macro analyst Luke Gromen explains how that post-World War II system came to be. One of the most significant macroeconomic questions facing the world is what the future of the global reserve system, dominated for the last 80 years by the U.S. dollar, holds. ...
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One sunny day, Tehran’s mayor and foreign diplomats rode bicycles through the Iranian capital to promote cycling — no mean feat in a city of steep roads, heavy traffic and toxic fumes. The metropolis of more than eight million people is choked with vehicles running on subsidised fuel and has limited infrastructure for alternative modes...
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