Finance

What Causes Inflation and Are Banks Worried about It Post-COVID

What Causes Inflation and Are Banks Worried about It Post COVID?

The global inflation rate in 2020 reached 3.2%, well above the acceptable rate of 2%. This rise in prices is known as inflation, and this was an issue heavily discussed at the Central Bank Jamboree Conference 2021. It indicates that the prices of most everyday products and services, such as food, clothing and housing, increased, as did their demand due to the pandemic.

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Alipay Breakup

The Alipay Breakup: A Microcosm of China’s Data Regulation Plans

According to a report by Financial Times (FT), China is planning to break up Ant Group’s online payment platform Alipay. The group has been instructed to create a separate application for its loan payment business. Ant Group’s shares have fallen by more than 4% since the news of the break-up first broke.

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