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In areas where UPI adoption is high, loans to new credit borrowers have increased by 4%, while loans to subprime borrowers have increased by 8%. As an example of how digital financial records helped lenders better evaluate applicants, the authors pointed out that a 10% increase in UPI transactions resulted in a 7% increase in credit availability.
Dedollarisation refers to countries reducing reliance on the U.S. dollar as a reserve currency, medium of exchange or as a unit of account. [1] It also entails the creation of an alternative global financial and technological system in order to gain more economic independence by circumventing the dependence on the Western World-controlled systems, such as SWIFT financial transfers network for ...
United Press International (UPI) is an American international news agency whose newswires, photo, news film, and audio services provided news material to thousands of newspapers, magazines, radio and television stations for most of the 20th century until its eventual decline beginning in the early 1980s.
They include citizens of countries of foreign concern with ties to terrorism. As of Sept. 30, 2024, approximately 1,095,115 foreign nationals were granted TPS, according to a new report from the ...
Each of the associated states actively participates in all Office of Insular Affairs technical assistance activities. The US gives only these countries access to many US domestic programs, [8] including disaster response and recovery and hazard mitigation programs under the Federal Emergency Management Agency, some US Department of Education programs including the Pell Grant, and services ...
A fire truck and a police vehicle near an attack during New Year's celebrations, in New Orleans, January 1, 2025. - Octavio Jones/Reuters
Under Biden, the U.S. government had intensified a policy that began during Trump’s first term: using the power of export controls to limit the number of advanced chips that China could obtain ...
Instead the Mexican government considered Texas a rebellious territory still belonging to Mexico. By 1838 Texas had a firm hold on its eastern lands, but the majority of Texas remained under Mexican control. Texas claimed the official southern and western border between the two countries to be the Rio Grande.