Amazon, an online store, is in talks to acquire a 9.9 percent stake in Reliance Retail, a retail chain controlled by Asia's richest man, Mukesh Ambani, local news channel ET News reported. Reliance Retail, a subsidiary of the conglomerate Reliance Industries, was established in 2006 and is the largest retail chain in India. The chain has 10,000 stores in 6,500 cities with 3.5 million customers a week. Rumors of negotiations with Amazon came a few days after Ambani said severa
Kazakhstan's digital tenge can provide "full transparency in the movement of budgetary funds," chairman at local anti-corruption service says. Alik Shpekbayev, Chairman of Kazakhstan's anti-corruption service, has called on the government to produce a national digital currency to fight corruption. He reportedly stated that national digital currencies similar to China's digital yuan should provide a more transparent financial system, Reported by a local news agency on July 21.
Philip Lowe, who is the Australian Reserve Bank governor, told that somebody always pays for money printing. As more fiscal stimulus measures are rolled out in the country amid the ongoing pandemic Australian Reserve Bank governor Philip Lowe has taken a swipe at the concept of money printing. The central bank boss told the government could borrow “on very positive terms” and said public debt was currently much lower than in several other countries in a speech in Sydney on Tu
Bitcoin edged huge on Tuesday while stock markets cheered the EU's decision to allow a landmark coronavirus rescue fund. The leading crypto by market-rate bounced from $9,190 to $9,360 through the sixty minutes to 08:00 UTC. BTC is trading at $9,348 at press time – up to about 2% on the day, Shown in the CoinDesk's Bitcoin Price Index. European Union leaders held the long-awaited €750 billion post-pandemic fiscal incentive program during the Asian trading hours, increasing de
Bitcoin is already famous among the traditional financial specialists and has developed over ongoing months as governments and central banks take exceptional measures to balance the monetary damage done by the coronavirus pandemic. The bitcoin cost, in the wake of bouncing back firmly from a coronavirus-instigated March crash, has been stepping water throughout the previous two months—in spite of a pile of prepared investors reporting their purpose to become tied up with bitc