ECB sees no "business case" for digital currency yet: Mersch
FRANKFURT (Reuters) - The European Central Bank currently sees no "business case" for launching its own digital currency but is looking at how one would work should that change, ECB board member Yves Mersch said on Monday.
"The lack of a concrete 'business case' for a CBDC (Central Bank Digital Currency) at present should and does not stop us from seriously exploring the optimal design of a CBDC so that we will be well prepared should we ever take (that) policy decision," Mersch told a virtual conference.
200 billion yuan ($28 billion) will be invested by Alibaba Group Holding Ltd. into the development of their cloud infrastructure. This will take place over a three year period in an attempt to push its services further into more countries and markets
Global retail giant Amazon <AMZN.O> and Japanese SoftBank <9984.T> have made approaches to Russian conglomerate Sistema <AFKS.MM> about a possible acquisition of its online retailer Ozon, Sistema's majority owner Vladimir Evtushenkov said on Saturday
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