Author Archives: Nick Corbishley

Another G-7 economy, the UK, took a big step toward adopting a central bank digital currency (CBDC). At the same time, the first largish economy to have launched a CBDC, Nigeria, descends further into financial chaos.

In a rare turn up for the books, the head of state of Latin America’s largest economy just accused three of the country’s four richest men of engaging in blatant accounting fraud.

As the price of everything, including debt, continues to soar, life is getting harder and harder for the UK’s heavily indebted businesses.

Mexico is not only dangerously dependent on US growers for its most important staple crop; it is growing more and more dependent each and every year. Mexico’s government wants to reverse this dynamic, but the US has other ideas.

Washington, Kiev and the EU have been furiously lobbying Latin American governments to provide weaponry to Ukraine, but they still want no part of this war.

Ukraine’s wholesale digitization of government services predates the war, but in the eternal spirit of never letting a good crisis go to waste and with the financial support of USAID and the EU, it has been significantly expanded since.

“In a lot of our countries in this region, [the PRC] is the number one trade partner, with the United States number two in most cases.”

AMLO may seem like a curious choice for “Tyrant of the Year,” especially given the fierce competition for the title. But once you see who leads and finances the NGO in question, it all makes a bit more sense. . 

The timing is convenient coming just as Mastercard is piloting a biometric-authenticated payments system in the UK, which will require digital, not physical, wallets.   

“Discovery” of multi-billion dollar “inconsistencies” on Brazilian retail giant’s balance sheet is a timely reminder of the risks posed by supply chain finance, especially in a heavily weakened business environment such as today.

The invasion of the capitol gives Lula the perfect justification for cleaning house, most importantly in the civil service, judiciary and military. It has also, however briefly, united the governments of Latin America against right-wing authoritarianism

“Too many doses, billions in costs – the government [of Germany] wants to cancel the vaccination deal.”

Mexico’s economy was one of the best performers of 2022, despite (or perhaps because of) a whole raft of worker-friendly policies from the AMLO government.

“We are seeing a surreptitious clash, a war that no one dares name, between China and the United States for Peru’s soul.”

Israel was the lab for Pfizer’s COVID-19 vaccine, as newly reelected President Benjamin Netanyahu admitted in a recent interview with Jordan Peterson. Yet the health ministry now claims to have mislaid or, even worse, never signed the vaccine agreement.