China’s increasing cashless operations, which amounted to 49 trillion USD in 2020, have incentivised the Chinese government to create its own digital currency – the Digital Currency Electronic Payment (DCEP) or Digital Yuan. This is managed, stored or exchanged primarily on digital computer systems. China is adamant about establishing its global role in pioneering payment technology, and…

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The urban African economy is largely propelled by the informal sector, accounting for around 80% of jobs. Street vendors and market workers are just two examples of this. With the growth of reliable internet service in Africa, many more Africans find themselves using social media, and the informal sector finds itself slowly shifting to the…

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The COVID-19 pandemic has negatively impacted several retailers, especially those which have been unable to shift to online sales. GameStop, a video games retail chain, is no exception – the company had even recently announced the shutdown of 450 stores. Its price per share value had been consistently declining since 2016 and was worth approximately…

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Federal Reserve Chairman Jerome Powell demonstrated his determination to return the U.S. economy to full strength, stating that the central bank will not begin to tighten low-rate policies until it sees significantly more improvement. The stock market was quick to react. The Dow Jones average rose 1.3% and crossed 32000 for the first time. The…

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The video streaming service industry has blossomed since Netflix’s introduction of a subscription-based, over-the-top (OTT) service (one offered directly to viewer via the Internet) in 2007. The industry has rapidly developed since, growing from a small number of firms offering these services to over 50, continuing to flourish, with its newest entrants being Disney Plus…

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On Friday, February 19, the UK supreme court ruled that Uber’s drivers can no longer be legally classified as self-employed, and should be recognised as the company’s employees going forward. Uber Technologies Inc. (NYSE: UBER) has slid by 13.97% over the course of the week that followed. As reported by the Financial Times, the landmark…

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Researchers at J.P. Morgan, Bank of America and Goldman Sachs have forecasted a major incoming commodities ‘super cycle’ as prices of metals, oils and grains have all surged to multi-year highs on a bull run that started in the summer of 2020.   The term ‘super cycle’ refers to the observable price fluctuations of resources…

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In 2019, President Vladimir Putin endorsed the Paris Agreement, joining 196 other countries, pledging to eventually reduce hydrocarbon-based emissions in Russia to levels 33% lower than in 1990. This pledge, however, does not see Russia shifting away from the production of energy from non-renewable sources; rather, their proposed long term energy strategy seeks to further…

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