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Category: Emerging markets

How a digital pound could work alongside cryptocurrencies

The Conversation

Like many other countries, the UK has developed a plan for a central bank digital currency (CBDC). A digital pound would essentially act like an online form of cash suitable for everyday payments. It would not earn any interest like a standard savings account (or even some current accounts), but it could increase access to financial services in the UK. The Bank of England recently proposed a general framework for how a digital pound would work. It has suggested an ambitious timeline for introducing one by 2025. You have until June 7 2023 to…

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Saudi Arabia Wants to Be A Movie Capital. Will Hollywood Go Along?

Bloomberg

Oil-rich Middle Eastern countries are looking to invest billions of dollars into media and entertainment. When I asked executives to make predictions for 2023, one wise person wrote this: Saudi Arabia becomes much more broadly accepted as a source of funds in Hollywood and will make a splash with high-profile investing. Since reading this, I’ve started to see and hear about Saudi money from sources every week. And it isn’t just Saudi money. It’s Qatari money and Emirati money. So this week, we’re going to explain why the Middle East is starting to spend so much…

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THE LAST DROP – What will the world look like, and taste like, post-alcohol?

Apple News

NIRVANA IS LOCATED INSIDE A SMALL UNIT on an industrial estate near Leyton, east London. It’s squeezed between a scrap-metal yard, a Romanian food distributor, an outpost for a Pentecostal church and a Kingsmill bread factory. Nearby, lorries beep and extractor pipes send fragrant plumes of smoke into a pale sky. A pair of beige, new-build apartment blocks in the distance offer the only indications of the area’s ongoing gentrification. Co-founded in 2016 by Becky Taylor-Kean, a 32-year-old Londoner (her two co-founders have since moved away from the business), Nirvana…

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