Business News, Stock Markets, Finance & World News
Introduction Every day, billions of people buy coffee, groceries, airline tickets, smartphones, and online subscriptions using a debit or credit card. The process feels almost instant. You tap your card. The payment is approved....
Introduction Imagine you’re a company in Brazil buying oil from Saudi Arabia. Or a bank in Singapore lending money to a business in Africa. Or an investor in India purchasing government bonds. There’s a...
Introduction Whenever prices rise, inflation increases, or an economy faces difficulties, one phrase inevitably appears: “The government is printing money.” For many people, the idea sounds almost magical. Governments need money. They print more....
You deposit £1,000 in your bank account. The bank pays you 2% interest. £20 per year. Then the bank lends your £1,000 to someone else at 6% interest. £60 per year. The bank pockets...
