Daily round-up, Sep 26: Pound hits record low; Malaysia central bank announces new measures to combat scams; HK prepares for surge in travel after lifting quarantine

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Let’s enable you to get up to speed with the day’s stories. The pound slumped to a record low against the dollar on Monday (Sep 26), prompting speculation of an emergency response from your Bank of England. Concerns that will high interest rates can hurt growth furthermore knocked Asian givesContinue Reading

Pakistan’s finance minister says he will formally resign from role

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ISLAMABAD: Pakistan’s finance ressortchef (umgangssprachlich) Miftah Ismail stated on Sunday this individual planned to formally resign from the role, a change that provides the country grapples with the economic crisis exacerbated simply by destructive flooding. “I have got verbally resigned since Finance Minister, ” Ismail said inside a Tweet, addingContinue Reading

Daily round-up, Sep 23: Hong Kong scraps COVID-19 hotel quarantine; DBS, UOB temporarily remove fixed rate home loans

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Let’s get you up to speed with the day’s stories. Hong Kong will end mandatory hotel quarantine from Monday (Sep 26).  All international arrivals will be able to return to the accommodation of their choice but will have to self-monitor for three days after entering the city. During that period, they willContinue Reading

The mechanics of recession, inflation

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How do they actually it?   Experts speak metaphorically when they say, as I furthermore sometimes do, present problems with recession/inflation (r/i) are due to governments’ policy of printing too much money. As well, when they discuss the “cure. ” they blithely speak about raising the eye rate, as if this kind of action is equivalent to turning down some […]

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