Author Archives: Nick Corbishley

While a vital source of income and foreign currency for many countries, remittances have their dark sides and are not a substitute for home-grown development.

Unless dramatic steps are taken, one of the world’s largest cities could face “Day Zero” — when supplies of water run so low that government must begin rationing the precious liquid — as early as 2028. 

This forms part of a disturbing new trend in which bankers and central bankers are taking up positions of influence within government beyond their traditional bailiwicks.

We’ve seen this movie before and it rarely ends well.

After hiking interest rates seven times in eleven months, Brazil now faces faces the most dreaded of economic scenarios: stagflation.

There’s just too much murkiness for anyone, including MEPs, to reach anything like an informed decision on the issue.

The ECB has already warned once about the potential impact a plummeting lira could have on Euro Area banks heavily exposed to Turkey’s economy.

As lenders increasingly nudge their customers toward online services, the frequency and scale of bank outages raises serious questions about the resilience and reliability of those services.

If other European capitals follow suit, turning a profit is going to become even harder for the food delivery platforms.

Mexico’s government wants the biometrics of all its citizens. Given the fragility of its institutions and organized crime’s infiltration of both government and law enforcement, this is a major cause for concern.  

The UK-based lender, with one of the longest rap sheets in the banking world, is one of a number of big banks leading efforts ostensibly aimed at greening global finance. 

Washington finally makes its feelings known on Mexico’s dream of energy independence

Risks are also on the rise in advanced economies, as the Reserve Bank of Australia recently warned.