Tag: Payment
More than half of Finns spend as much as they earn, and 22 percent live for nothing
The average overspending of 22 percent of Finns who exceed their income is around 226 euros, which is slightly lower than the European average of 232 euros. The situation is exacerbated by inflation and rising borrowing costs across Europe, reducing consumers’ disposable income. In Finland, 47 percent of consumers reported that they have less money…
The yuan surpasses the euro and is the second most used currency in world trade
This move takes advantage of China’s low interest rates, as opposed to the rising cost of borrowing from Western banks. An explosion of borrowing by Chinese banks has pushed the yuan above the euro, which is in line with Beijing’s efforts to internationalize the yuan. The yuan’s share in international payments rose significantly and was…
