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Australia Has A$14.149 Billion Current Account Deficit

Australia posted a seasonally adjusted current account deficit of A$14.149 billion in the third quarter of 2024, the Australian Bureau of Statistics said on Tuesday. That missed forecasts for a shortfall of A$10.3 billion following the downwardly revised A$16.351 billion deficit in the three months prior (originally -A$10.7 billion). The capital and financial account surplus...

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Two-Thirds in Four Countries Trust Crypto to Modernize Banking, Coinbase Says

Over 70% of respondents in four countries trust crypto to address financial system challenges, with Kenya leading at 94%.Many see cryptocurrencies as tools to modernize banking by fostering innovation, speeding up transactions, and enhancing autonomy. A recent study by Coinbase, a leading U.S.-based cryptocurrency exchange, reveals that people across four countries—Argentina, Kenya, the Philippines, and...

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