After British Prime Minister Theresa May’s speech on Tuesday, January 17, it became clear that Britain is headed for a hard Brexit. Among the points discussed by the British leader, she outlined that her cabinet will push for leaving the European single market. Analysts have suggested that this move could potentially trigger uncertainty and pose challenges for London’s finance industry.
Tag: banks
What does the ban of the $500 and $1000 rupee note mean for the Indian economy?
On Tuesday November 8, Narendra Modi, the Prime Minister of India announced that the Indian government will be discontinuing the largest denomination bills in circulation, the ₹500 and ₹1000 rupee notes. These notes represent approximately 86% of the money supply in circulation. This surprise motion caused millions of people to flock to their nearest banks Read More…