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Innovation Featured Productivity World

Mission possible: When innovation meets outcomes

Peter Drucker, often called the father of modern management, once wrote that “innovation is the specific instrument of entrepreneurship…the act that endows resources with a new capacity to create wealth.” In development, innovation does something similar: It endows resources with a new capacity to create outcomes. In turn, outcomes are what give innovation purpose. At […]

Economy Banking Featured Finance

US bank regulators pull back guardrails on bank crypto activities

U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset and stablecoin activities. In addition, […]