Author Archives: Nick Corbishley

After years of confrontation and souring relations with Spanish energy giant Iberdrola, Mexico’s AMLO government has just agreed to purchase 80% of the company’s Mexican operations.

The ultimate irony: if the ship was indeed carry Russian diesel, it was probably able to skirt the G7’s price cap rules due to a cheeky little manouevre in Spain.

It should perhaps come as little surprise that when it comes to protecting the right to pay in cash, the UK government prioritises freedom of choice for businesses (to reject cash) over freedom of choice for citizens (to use it). 

“Brazilian and Chinese interests… align at present in some important areas, the most important being an investment in a multipolar world order.”

“Taking our data without notice isn’t convenient, it’s creepy.”

“We believe that Mexico has every right to ask for what it wants,” says Lynn Clarkson, chief executive of Illinois-based Clarkson Grain company. “As a supplier, the United States should give its customers what they want.”

Three months after the central bank launched demonetisation, economic conditions in Nigeria continue to deteriorate. Now, one of the country’s leading media organizations is calling for the arrest and prosecution of CBN’s governor.   

As the ripples of contagion from the collapse of Silicon Valley Bank and Signature Bank spread out, one European bank is particularly vulnerable. And despite losing over 95% of its market value since 2008, it is still too big to fail.

Legions of European businesses are succumbing to the final straw of Europe’s largely self-inflicted energy crisis. 

“We will not allow any foreign government to intervene in our territory, much less with armed forces,” AMLO told US neocons.

“We are going to carry out an anti-inflation plan of mutual aid for growth, for commercial and economic exchange with Latin American countries.”

The nearshoring trend is triggering a significant influx of global companies, including Tesla and many of its suppliers, to Northern Mexico, particularly the state of Nuevo León. But is there enough water to go round?

“There are no plans to introduce digital ID. Our position on physical ID cards remains unchanged.” 

Spain’s golden visa program has helped to attract thousands of affluent Latin American politicians and business owners to Madrid, but its days may be numbered, at least in its current form.

“Nigeria must go cashless. It is a global policy, checking insecurity and fighting corruption”: Central Bank of Nigeria Governor Godwin Emefiele