Central banks around the world are racing to develop digital currencies in response to the rise of cashless payments, financial innovation, and the threat of private cryptocurrencies. This video explores what Central Bank Digital Currencies (CBDCs) are,

While annual inflation in the euro area hit the central bank's 2% target last month, traders widely expected a hold in July — in large part due to geopolitical volatility. The U.S. is the EU's biggest bilateral trade and investment partner and the 27-member bloc exported 503 billion euros ($590 billion) in goods to the States last year.

Vitai Ratanakorn, the incoming governor of the Bank of Thailand, by his own admission, will start his new job in October at a difficult time.