Maps to explain economic geography.
The global financial technology sector persists in expanding at a tremendous rate, with $43.6 billion of investment into the payments space alone in the first half of 2022, according to KPMG. Contactless technology has been a significant contributing element to the sector’s development. Market data from Juniper Research shows that 53% of global card transactions will be completed without the traditional chip and PIN method in the next 5 years.
Read MoreA bank fails when it cannot meet its financial obligations to creditors or depositors because it has become insolvent or no longer has enough liquid assets to fulfill its payment obligations. Since the 1970s, over 90 banks in the U.S. with US$1 billion or more in assets have failed.
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13% of American workers would consider living abroad for retirement. The analysis shows that the average American would need $1.18 million to live in their later years in Singapore – more than any other country. Meanwhile, the life of a pensioner in India ($186k) or Pakistan ($158k) is much more affordable.
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The last 10 years have been transformational for cryptocurrency, moving from an experimental idea in which the overwhelming bulk of early projects failed to a mainstream alternative to traditional investment where 1/3 of American small companies accept its currencies as payment for goods and services.
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To tip or not to tip – that is the question. Whether or not you hand extra money to a bellhop or round up the eatery bill often relies on a country’s local traditions. For instance, if you live in the United States, you know that tipping is pretty much always expected by specific employees in the service industry, like bartenders and servers, who usually rely on tips to make up the prevalence of their earnings. In other nations, like Japan, staff will probably see a tip as insulting.
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Currency unions involve multiple countries adopting a common currency, either formally or informally. In formal currency unions, like the Eurozone, member nations use a shared currency managed by a central authority, promoting economic integration and stability. Informal currency unions involve countries using a foreign currency for transactions, either alongside or instead of their national currency, often driven by economic considerations, historical ties, or trade facilitation. Currency unions aim to simplify transactions, enhance economic cooperation, and reduce exchange rate uncertainties among participating nations.
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Bern, in Switzerland, is the world’s most expensive city to take an UberX, averaging $42.80 per 10 kilometers. While Islamabad in Pakistan has the world’s cheapest UberX equivalent, offering an UberMini at $1.39 per 10 kilometers.
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Money and power walk hand in hand. Over half of the faces on the world’s coin and banknote designs belong to monarchs or heads of government, making up 30.24% and 20.74%, respectively.
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Over 800,000 new businesses are registered in the United States each year. The study reveals that people want more gyms in 15 cities, including El Paso, Los Angeles, and Portland. And in 14 cities, including Indianapolis and Minneapolis, car washes are in high demand.
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As crypto refugees escape China in search of greener pastures, the cost of mining cryptocurrency may be the difference between profit and loss for miners, and the difference between a booming new industry and a missed opportunity for national economies. In the energy-rich countries of Africa and the Middle East, crypto users can mine Dogecoin for less than a nickel. The least costly nation to mine cryptocurrencies overall is Kuwait. However, the most expensive country for crypto mining is across the globe in Venezuela.
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