US Treasury official remains confident despite China’s economic struggles

Key Takeaways: πŸ’Ό Concerned about China’s excess manufacturing capacity impacting the global economy πŸ›  Chinese heavily subsidized manufacturing capacity for various goods creating overcapacity πŸ— U.S. implementing measures like tariffs and tax credits to keep Chinese EVs out of the market 🌍 Engaging in discussions with China to ensure fair competition on a global scale … Read more

Swedes vs Swiss: Cash vs Payment Apps – Who Prefers What?

Key Takeaways πŸ’Έ Switzerland prefers physical cash over payment apps 🏦 Cash is the most accepted payment method for face-to-face businesses πŸ“± Mobile payment apps are becoming more popular, surpassing credit and debit cards πŸ’Ό Bank transfers are popular for Swiss companies dealing with clients remotely 🚫 Concerns raised about marginalized groups due to lack … Read more

Asia FX remains weak as dollar holds steady after hawkish Fed comments and strong labor data

Key Takeaways: πŸ’Ό Most Asian currencies weakened following hawkish signals from the Federal Reserve and strong U.S. labor data πŸ“ˆ Dollar index and futures showed little movement in Asian trade, with mild weekly losses πŸ‡―πŸ‡΅ Japanese market holiday with muted trading volumes, yen above 150 level to the dollar πŸ‡¨πŸ‡³ Chinese yuan, South Korean won, … Read more