Omicron anagram sparks wild conspiracy Christmas will be cancelled

The arrival of the Omicron variant in the UK has sparked one of the most dramatic flurries of Covid-related activity in recent months, leading to unfounded fears about the nation's Christmas plans. The new strain first appeared in Botswana in southern Africa and was confirmed as a new variant on Tuesday, November 23. Countries around the world have acted quickly […]

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Cyber Monday spending in US expected to slow as shoppers see fewer deals

BENGALURU (REUTERS) – United States retailers’ online sales likely slowed this Cyber Monday (Nov 29), as fewer discounts and limited choices due to global supply-chain disruptions deterred shoppers, but other data points suggested American consumers are in pretty good health. Retailers had also spread out promotional deals across more weeks to protect profit margins from surging supply chain costs and […]

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As cash use declines, should banks pay more to keep it available?

The Reserve Bank could require commercial banks to pay more to cover the cost of making cash easily available as fewer people use it. A new Reserve Bank discussion document called Future of Money – Cash System Redesign outlines some of the challenges and possible solutions for traditional paper money. Among those is addressing the costs of ensuring cash remains […]

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