"FruPay de-risks the export process by putting the sale price straight into seller's bank"
Back in 2021 Will Hill and business partner Ollie Morley-Fletcher started testing their digital marketplace FruPro. A lot of time has passed since the initial testing phase and through working

Reserve Bank of India's IDG wants to make the Indian rupee into a global currency
The IDG, headed by the Reserve Bank’s Executive Director Radha Shyam Ratho, wants invoicing and settling of international trade transactions in the Indian currency to increase its international

Yuan firms as People's Bank of China pledges to stabilize currency
Yesterday, China's currency firmed against the dollar after the People's Bank of China offered more reassurances to markets worried by the currency's recent sharp falls. The Financial News, a

South Africa’s Central Bank governor says single Africa currency is "impossible"
South Africa’s Central Bank governor Lesetja Kganyago has stated that adopting an African currency is unlikely to succeed as it is difficult to attain ‘macroeconomic convergence’. Kganyago

Sweden’s krona hits record low as Central Bank plays down currency intervention
Yesterday, Sweden’s krona hit a new record low as the country’s Central Bank Sveriges Riksbank raised rates and played down the possibility of market interventions. After the Riksbank

China stood back from supporting yuan for a third day
Chinese parties have stood back from supporting the yuan for a third day. This triggered a pullback, in a sign it may not yet be ready to draw a line in the sand for the weakening currency. The

Robot developer Honest AgTech declared bankrupt, relaunch being investigated
Dutch robot developer Honest AgTech B.V. has been declared bankrupt. On June 27, the Noord-Holland District Court declared bankruptcy on the Delft-based company. The robot developer, known for a

Drier Swedish summer causes lower volume of local outdoor grown melons
Sweden’s largest outdoor melon grower, Ingmar Nilsson, is seeing lower production volumes this 2023 summer due to very dry conditions. Although the second generation melon grower based in

"Zaltbommel and Service2Fruit joining forces to get the best prices for growers from the market"
Unburdening is key to Veiling Zaltbommel's philosophy. This Dutch cooperative considers both the buyer and the grower in several ways. For example, growers were recently offered a switching

Dollar index dropped as new economic data surfaces
The dollar index dropped yesterday after a host of economic data releases indicated the US economy remains resilient and may not be close to a recession. At the same time, after comments from

Swiss National Bank to start digital currency pilot
The Swiss National Bank is getting ready to issue a wholesale central bank digital currency (CBDC) on Switzerland's SIX digital exchange. It is part of a pilot project, which will start soon.. SNB