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China 'social credit': Beijing sets up huge system - BBC News

In most countries, the existence of a credit system isn't controversial. Past financial information is used to predict whether individuals will pay their mortgages or credit card bill in the future.

But China is taking the whole concept a few steps further. The Chinese government is building an omnipotent "social credit" system that is meant to rate each citizen's trustworthiness.

By 2020,...

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What are credit ratings agencies? - BBC News

Moody's, one of the big three credit ratings agencies, has cut its outlook for the UK economy from "stable" to "negative" .

Credit rating agencies, in essence, rate a country on the strength of its economy.

More specifically, they score governments (or large companies) on how likely they are to pay back their debt.

A rating affects how much it costs governments to borrow money in the...

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South Africa: the economic challenge - BBC News

Is the economy growing?

Over the last decade, the South African economy has grown at an average annual rate of 1.4%.

An emerging economy should be able to manage much better, perhaps something close to 5%.

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Image caption Job seekers wait on the side of a road holding placards reading their specialisation in Johannesburg

Turkey and Malaysia both have, and China, in...

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Related topics : how to get a better credit rating south africa / get credit rating south africa / finance for bad credit south africa / three major credit agencies / three credit rating agencies

The man who really invented the cash machine - BBC News

The man who really invented the cash machine

By Steven Brocklehurst BBC Scotland news website

27 June 2017

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Image caption James Goodfellow invented the automated cash machine but received just a £10 bonus

The world's first ATM was unveiled 50 years ago today but the inventor of the bank cash machine has been a source of...

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Related topics : credit cards invented / dispute credit card / first credit card history