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The PoC was part of Project Desft (Digital Economy Semi-Fungible Token), an exploration from the BoG and Monetary Authority of Singapore into how technology can boost the participation of micro, small, and medium enterprises from developing countries in international trade. Maxwell Opoku-Afari, first deputy governor, Bank of Ghana, says: "Project Desft is aimed at supporting SMEs in Africa to engage in international trade by removing significant obstacles they face, such as establishing trust with overseas trade partners and obtaining support in cross-border payments and supply chain finance." The project has been focusing on cross-border trade between the two nations using the UN-developed, blockchain-based Universal Trusted Credential, the Singaporean Dollar stablecoin, the Ghanaian CBDC (eCedi) and purpose-bound money. Giesecke+Devrient delivered its Filia platform for the CBDC part, while local commercial lender Fidelity Bank offered banking and exchange services for the eCedi. G+D says the PoC demonstrated a direct transfer between the transacting parties, eliminating the need for the long chain of intermediaries and corresponding high costs in cross-border payments.

Olympic medals are always an important part of any Summer Games, as they are the prizes that athletes dream of, being the reward for their toil and efforts at the global stage. An Olympic medal means a lot for any athlete as it brings them repute internationally, and also etches their and the nation's name in the books of history. However, gold, silver and bronze may not just be the elements used in an Olympic medal and may also constitute of some materials that have a rich heritage, culture and history associated with the host country or city.

Despite an outlier report released by the International Monetary Fund earlier this month that suggested Canada will be a leader in economic growth next year — which had many Liberal MPs crowing that their “economic plans are working” — the overwhelming view of most suggests otherwise, especially when it comes to productivity.

Texas has experienced 103 earthquakes in 80 days with some of them measuring about 5 on the Richter scale? Justin Rubinstein, a geophysicist with the U.S. Geological Survey in Menlo Park, California, has said Texas has experienced a total of 103 earthquakes, including 12 of magnitude three or more, reports 'USA Today'. He also said that the state is not a seismically active part of the country and these earthquakes are not occurring naturally. Explaining the phenomenon, Rubinstein said it is «almost 99% likely» to be linked to local oil fields.

A Canadian graphite miner has moved its headquarters outside the country to attract new investment as the federal government raises the bar for certain foreign companies to buy into Canada’s critical minerals sector.

Next, Decathlon, Primark, GAP, Walmart, Pepco, and Tesco are planning to ramp up sourcing from India, industry executives told ET.

Russia is considering legalizing the use of cryptocurrency for international payments as the country faces ongoing financial pressure from Western sanctions.

Piyush Goyal said on Tuesday. He said these agreements were signed and implemented during the UPA regime.

UPSC training institutes in Old Rajinder Nagar, touted as India’s IAS hub. Shreya Yadav from Uttar Pradesh, Tanya Soni from Telangana, and Navin Dalwin from Kerala passed away after the basement of the building housing the coaching center was flooded following heavy rain. Consequently, the Municipal Corporation of Delhi (MCD) sealed the basements of 13 coaching centers in Old Rajinder Nagar for violating norms, underscoring the urgent need for stringent supervision of India’s burgeoning coaching industry.

Mint Tuesday. “We are very eager to do it. Maybe by the year end, if we can." The acquisitions would be in the kitchen essentials space, he said, adding that more targets are available among regional companies.

Zika virus — 3 from Karnataka and 10 from Maharashtra — were reported till July 22 this year, Minister of State for Health Anupriya Patel told the Rajya Sabha on Tuesday. In 2023, 2022, and 2021, the country had seen 23, 2, and 234 cases of Zika virus.

Europe’s economy enjoyed only modest growth in the April-June quarter even as the U.S. outperformed expectations, highlighting a persistent transatlantic growth gap with Germany, the leading European economy, remaining in the dumps and as hesitant cons...

Labradors, and German Shepherds, which can smell human remains and even the faintest of breath buried deep under mud, are on their way to the landslide-ravaged Meppadi in Wayanad.

SpaceX is in talks with U.S. and Australian officials to land and recover one of its Starship rockets off Australia's coast, a possible first step toward a bigger presence for Elon Musk's company in the region as the two countries bolster security ties, according to three people familiar with the plans.

Thousands of people have rallied in several towns in Serbia to protest a lithium excavation project the Balkan country’s government recently signed with the European Union

The U.S. Geological Survey says a series of earthquakes have been hitting West Texas and it’s highly likely they are being caused by oil and gas activity

MUMBAI : Shortly after the Union finance minister Nirmala Sitharaman presented the budget 2024 on 23 July, executives of a foreign investors-backed asset management company rushed to New Delhi to seek clarification on a key issue: Can foreigners invest in India through a mutual fund-like structure with zero tax? The answer is yes as long as the money is not directly invested in equities. The Union Budget 2024-25 proposed that “retail schemes and exchange-traded funds (ETFs) set up in Gujarat International Finance Tec-City, or GIFT City, will now enjoy tax exemptions along similar lines as available to specified funds". "Now retail funds in GIFT will get the same tax benefit like category III Alternative Investment Funds (AIFs)," said Suresh Swamy, partner, Price Waterhouse & Co.

Manu Bhaker's father, Ramkrishna Bhaker expressed his feelings as her daughter made history on Tuesday when she became the first Indian to win two medals at the same Olympics.

Which industry grows regardless of external factors and serves as the primary growth driver – directly or indirectly – for all other industries? The answer, of course, is the power transmission and generation industry. With the government setting ambitious targets to meet the increasing demand for electricity and support the country’s economic growth, this sector stands at a crossroads. India's power industry is poised to become a significant exporter of electricity, with existing connections to the grids of Bangladesh, Bhutan, and Nepal, and plans to expand these to other neighbouring nations.