Author Archives: Nick Corbishley

Finland, like its Scandinavian peers, is among the world’s most cashless economies. But according to the central banker, now is not a good time to give up on cash.

The long-anticipated “hot autumn” begins in earnest as the European economy teeters on the edge of a largely self-inflicted stagflationary depression.

Open-end funds have grown significantly over the past two decades and now manage around $41 trillion in assets globally. And the risk they pose to the global economy is rising, says the IMF.

“After von der Leyen’s silence, Bourla had the opportunity to set the record straight in the European Parliament, but he preferred to slip away. Why all these secrets? What do they have to hide from European citizens?”

The European Systemic Risk Board is essentially an offshoot of the European Central Bank. And central banks are normally the last to admit that a crisis is around the corner, if not already here. 

Time, money and options are fast running out for Switzerland’s second largest lender, Credit Suisse.

After a million deaths in Latin America, Washington’s staunchest ally in the region just called time on the US’ “irrational war against drugs”.

As the US government begins setting up the regulatory guardrails for a digital dollar, the EU forms a consortium to develop a prototype for a digital euro. Its members include Amazon and dozens of large EU banks.

Given von der Leyen’s apparent allergy to basic transparency, she is the last person in Brussels to be leading the EU’s roll out of so-called “corruption sanctions”.

Political violence is back with a vengeance in South America, as death threats abound,  coups d’états are threatened and assassination attempts are carried out.

Thanks to their high levels of public trust, Canadian and Australian lenders will be the perfect guardians of people’s digital identity. At least so say the banks. 

As the US remains “grossly unprepared” to meet the exponential increase in demand for lithium, it stakes a claim to Argentina’s massive deposits of “white gold.” For Argentina’s benefit, of course. 

Like just about anything on the Internet, biometric surveillance systems are eminently hackable as well as prone to human error

After reeling from one crisis to another, Europe’s indebted and debilitated small businesses — the backbone of the economy — face the ultimate threat from energy shortages and soaring prices.