Articles for tag: Bitcoin, digital currencies, Economy, peer-to-peer payments, Phuket, Thailand, Tourism

January 16, 2025

Thailand Pilots Digital Currencies as Electronic Cash in Phuket: A New Era for Cashless Transactions in Tourism

Thailand is launching a pilot program in Phuket that allows foreign tourists to use digital currencies, including Bitcoin, for everyday purchases and major transactions like buying houses. Announced by Prime Minister Pichai Chunhavajira, the initiative aims to simplify payments for large purchases, particularly for individuals who have relocated due to the Russia-Ukraine conflict. Tourists can ...

January 12, 2025

Market News

Ai Agents

Future Predictions: Will Musk and Trump Clash? Can AI Agents Transform Grocery Shopping? Insights from The FT’s 2025 Outlook.

At the start of 2025, the Financial Times analysts make bold predictions about key global events across politics, economy, and society. Their predictions cover a range of critical topics, including trade wars, interest rates, and climate issues. Key takeaways include anticipated U.S. tariffs under Trump’s influence, continued challenges in Ukraine-Russia relations, and the rise of ...

December 19, 2024

Market News

Crypto

Bitcoin Price Dips to $101K as XRP, ADA, and LTC Fall 10% Amid Federal Reserve’s Hawkish Stance

The U.S. Federal Reserve has lowered its benchmark interest rate by 25 basis points to a range of 4.25%-4.50%, marking the third rate cut this year and a total of 100 basis points since September. Despite strong economic growth and rising inflation, this decision was anticipated by the Market. The Fed’s new projections indicate that ...

September 29, 2024

Market News

Business

Pakistan faces drastic reforms, eliminating 150,000 jobs and closing ministries in a desperate bid to stabilize its economy.

In a move to reduce government spending, Pakistan announced plans to eliminate around 150,000 government jobs and to close or merge several ministries as part of reforms linked to a USD 7 billion loan from the International Monetary Fund (IMF). This decision follows the IMF’s approval of a financial assistance package after Pakistan agreed to ...

September 28, 2024

Market News

Business

Tata Motors unveils a ₹9,000 crore manufacturing facility in Tamil Nadu, promising 5,000 jobs and boosting local economy.

Tata Motors has officially commenced the construction of a new manufacturing facility in Tamil Nadu with an investment of ₹9,000 crore. This significant project, marked by a foundation stone-laying ceremony attended by Chief Minister M K Stalin and Tata Sons Chairman N Chandrasekaran, is located in Panapakkam, approximately 115 km from Chennai. The facility is ...

September 25, 2024

Market News

Business

Nirmala Sitharaman urges AIIB to support low-income nations, strengthens ties with Qatar amid India’s booming economy.

Union Finance Minister Nirmala Sitharaman urged the Asian Infrastructure Investment Bank (AIIB) to maintain a client-centric approach, especially for low-income countries, to access financial resources and technical assistance. During a meeting with AIIB President Jin Liqun prior to the 9th Annual Meeting of Board of Governors, she praised the bank’s rapid growth over nine years. ...

September 24, 2024

Market News

Business

India’s economy surged to an 8.2% growth in FY24, but the RBI faces inflation challenges ahead of potential rate cuts.

India’s economy is showing remarkable resilience, with a growth rate of 8.2% recorded in FY24. S&P Global Ratings has kept its GDP growth forecast for FY25 at 6.8%, acknowledging that the Reserve Bank of India may reduce interest rates as early as October due to moderated urban demand. The Indian government’s focus on fiscal consolidation ...

September 7, 2024

Market News

Business

Tata Power’s Odisha Discoms award ₹11,481 crore in contracts, empowering local vendors and transforming the region’s economy.

Tata Power-led Odisha Discoms have made a significant investment by awarding contracts worth Rs 11,481 crore to local contractors and suppliers. Over the past three years, these contracts have focused on supporting local businesses, with Rs 8,690 crore going to micro, small, and medium enterprises (MSMEs) and Rs 2,791 crore to larger firms. The contracts ...

May 19, 2024

Market News

Business Current Affairs Today

50 Current Affairs Questions and Answers for Business category as on May 19, 2024

Stay updated with the latest happenings in the financial world with these 50 multiple-choice questions. Based on significant events and updates reported on May 19, 2024, this comprehensive quiz is perfect for those preparing for competitive exams or anyone keen on current affairs. Current Affairs Questions and Answers for Business category Q1: Which company announced ...

May 16, 2024

Market News

Science Current Affairs Today

Saudi Center for Space Futures to Support Lunar Mission and $2 Trillion Global Space Economy: Current Affairs Question and Answers with NASA Chief on Asharq TV

Today’s Current Affairs: Saudi Space Agency and NASA Collaborate to Build $2 Trillion Global Space Economy by 2035 In a recent announcement, NASA Administrator Bill Nelson revealed that the Center for Space Futures, hosted by the Saudi Space Agency, aims to send a mission to the moon and establish a $2 trillion global space economy ...