India has surprised the payments world by announcing that its central bank will issue a digital currency as early as the coming financial year, a crucial decision that most other major economies are refusing to make in a hurry. According to Finance Minister Nirmala Sitharaman, an electronic representation of India’s legal tender will give a big boost to its ...

  Bloomberg Hong Kong is further tightening quarantine rules for airline staff, with cargo pilots isolating at home to be tracked with electronic monitoring bracelets and crew on passenger planes who have been in countries with high levels of the virus made to quarantine for 14 days. The updated rules, set out in a document seen by Bloomberg News, was ...

  Bloomberg The European Union will snub a request by Russian Foreign Minister Sergei Lavrov for the bloc’s member countries to respond individually to Moscow’s demands on the region’s security framework. Josep Borrell, the bloc’s foreign policy chief, will respond on behalf of the 27 EU members, according to a draft of the letter seen by Bloomberg. The EU response ...