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CATEGORY: economic growth


Mar 12, 2023 06:55

South Korea Invests in Metaverse Fund for Economic Growth


The South Korean government has invested 24 billion Korean won ($18.1 million) in a fund dedicated to driving metaverse initiatives in the country, with a total fund of more than 40 billion Korean won ($30.2 million). The Metaverse Fund will support the mergers and acquisitions of various firms in the metaverse ecosystem and help domestic metaverse-related companies compete with global players, as the government sees the metaverse as a new economic growth engine. (Read More)

Mar 11, 2023 02:15

Nigerian President-elect's Manifesto Includes Blockchain and Crypto Regulations


Nigerian President-elect Bola Tinubu has released a manifesto proposing the implementation of blockchain technology and cryptocurrencies in Nigeria's banking and finance sector. The manifesto suggests reforming existing Nigerian Security Exchange Commission regulations to create a more business-friendly framework for regulating digital assets. The proposed regulations would require digital asset companies to register with the SEC and comply with SEC regulations. The release of the manifesto coincides with the increasing adoption of cryptocurrencies in Nigeria, with the government hoping that the proposed SEC regulation reforms will attract more investors in the digital and economic sectors and stimulate economic growth. (Read More)

Feb 15, 2025 02:15

Puerto Rican Firm Intelligent Economics Boosts Business Growth with AI


Intelligent Economics leverages AI and cloud technology to empower businesses in Puerto Rico and beyond, aiding economic recovery post-Hurricane Maria. (Read More)

Aug 10, 2023 10:30

US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions

The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This monthly surge aligns with June’s 0.2% escalation, where food costs [...]

The post US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions appeared first on Crypto Breaking News.

Aug 03, 2023 10:30

Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials 

Saudi Arabia announced it will continue limiting oil production through September, extending output reductions that have drawn criticism from Washington. Riyadh Holds Firm on Oil Output Limits Saudi Arabia said Thursday it will keep oil production nearly one million barrels per day below its quota for another month, according to a statement from the Saudi [...]

The post Saudi Arabia Extends Oil Production Cuts, Further Irking US Officials  appeared first on Crypto Breaking News.

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