U.S. Manufacturing Activity Declines for the Fifth Straight Month

U.S. Manufacturing Activity Declines for the Fifth Straight Month
9 months ago

Recent data from the Institute for Supply Management (ISM) indicates that manufacturing activity in the U.S. continues to contract for the fifth consecutive month. The manufacturing activity index fell to 47.6 in August, which is below the neutral mark of 50. This value represents the lowest level since May 2020. The ongoing decline in activity suggests that the manufacturing sectors are grappling with new challenges amid changing economic conditions.

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Swiss Central Bank Launches Instant Payment Scheme on Stock Exchange

Swiss Central Bank Launches Instant Payment Scheme on Stock Exchange
9 months ago

The Swiss National Bank (SNB), in collaboration with the SIX Group stock exchange, has announced the launch of a new instant payment scheme that allows for real-time financial transactions. This initiative involves the use of modern software and blockchain technologies to streamline the settlement process between trading parties.

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