Economy

One-on-one meeting was followed with negotiations engaging delegations in an extended format. Dignitaries considered main directions of bilateral cooperation between Georgia and Uzbekistan. Close friendly relations and partnership existing between the countries was highlighted.

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The US central bank has raised interest rates again, despite fears that the move could add to financial turmoil after a string of bank failures.

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China will set up a state infrastructure investment fund worth 500 billion yuan ($74.69 billion) to spur infrastructure spending and revive a flagging economy, two people with knowledge of the matter told Reuters on Tuesday.

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Facebook's owner Meta Platforms saw its stock market value slump by more than $230bn (£169bn) on Thursday, in a record daily loss for a US firm.

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Former US President Donald Trump has told Fox Business that he sees Bitcoin as a "scam" affecting the value of the US dollar.

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Stock markets across the world have slid amid worries that US inflation is set to rise.

 

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Amsterdam ousted London as the largest financial trading centre in Europe last month as Brexit-related changes to finance rules came into force.

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U.K. house prices rose last month, despite weaker activity in the property market amid a third national coronavirus lockdown.

 

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Elon Musk's car firm Tesla has said it bought about $1.5bn (£1.1bn) of the cryptocurrency Bitcoin in January and expects to start accepting it as payment in future.

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President Joe Biden pushed for more fiscal support Friday to address one of the greatest challenges created by the COVID-19 pandemic - how to get millions of out-of-work Americans back on the job.

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