In a statement, Governor Lael Brainard of the U.S. Federal Reserve stated, the central bank is looking at a broad range of issues surrounding digital currencies and payments, including design, policy and legal considerations around potentially issuing its own digital currency. The development underscores an openness in the possibility of the Federal Reserve issuing its…
With Beijing’s policymakers and regulators intent on transitioning from fossil fuel powered vehicles to more electric vehicles, China is set to become the automotive powerhouses in the world. In a development aimed at accelerating the adoption of electric vehicles, automakers from across the globe are planning a $300 billion surge in their spending on electric…
The new manufacturing method could not only save significant costs but also benefit from an improved technological upgrade cycle. Known for manufacturing huge, gigantic satellites that cost a bomb, nearly $150 million, aerospace giant Boeing plans on adopting new production practices which could significantly lower its production costs. The Wall Street Journal has reported, Boeing plans…
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