Home » Currency Note » Currency Note » Currency Note USD » USD: US introduces incentive to reduce inflation

The US has just launched a $369bn Inflation Reduction Act (IRA) that incentivises investments in technology and green energy. These reforms have trigged upset in Brussels that companies may choose to invest in the US, over Europe, amid a time of sky-high inflation.

In the news yesterday, tech mogul Elon Musk asked twitter users to vote whether he should step down from the social network’s helm. 57.5% of voters chose ‘yes’ and Musk said he will abide by his followers’ wishes. Of his 122 million followers, 17 million people on Twitter interacted with Mr Musk’s tweet.

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