Spanish Pensioners Win Rare Victory Against Banks’ War on Cash
After bearing the brunt of the banks’ years-long war on cash, elderly customers have had enough and are not going to take it anymore.
Read more...Author Archives: Nick Corbishley
Will Fresh US-EU Sanctions Hurt the EU More Than Russia?
The sanctions could end up causing more pain to U.S. allies in Europe than Russia itself, which will probably use this opportunity to take another step closer to autarky.
Read more...Mexico Tries and Fails to Get Michoacan’s “Green Gold” (Avocados) Back on the Market [Updated]
Is there more to this story than we are being told?
Read more...Spain and UK Give a Masterclass on Why Both Vaccinated and Unvaccinated Should Fear Vaccine Passports
Even if you have complied with all of the public health requirements, human error or algorithmic bias can leave you stuck in limbo.
Read more...Resource Nationalism on Rise in Latin America, As Fever for “White Gold,” aka Lithium, Grips the World
Countries in the region are taking greater control of the revenues generated by the minerals and hydrocarbons produced within their borders, in particular when it comes to lithium.
Read more...Spain’s Second Largest Lender, BBVA, Escalates Its War on Cash in Mexico
Some banks will do just about anything to try to wean their customers off using physical money, including (in the case of BBVA) charging their customers for withdrawing cash too often.
Read more...Bank of England Warns of Record Slump in Standard of Living, As It Hikes Interest Rates for Second Time in Two Months
The decision to implement back-to-back rate hikes, for the first time since 2004, heaps yet more pressure on household incomes and struggling businesses. It came a day after the UK Government passed generous tax cuts for banks.
Read more...Almost Half of Spain Is Now Vaccine Passport-Free (At Least for Domestic Uses)
Catalonia becomes the third region in two weeks to drop the digital vaccine certificate. Four regions, including the Community of Madrid, never implemented it for domestic use.
Read more...Financialization of Housing in Europe Is Intensifying, New Report Warns
Since the Global Financial Crisis residential property in European cities has become an attractive asset class for financial institutions, many in the U.S. The virus crisis has merely intensified this trend.
Read more...Citi’s Hurried Exit From Mexico Just Hit a $5 Billion Snag
An eight-year court case in Mexico involving the New York lender remains unresolved. And it could take another two years to reach a verdict.
Read more...Opposition Rises to NHS Vaccine Mandate, As Justifications for Mandate Run Out of Logic
With Omicron evading the current crop of vaccines with effortless ease and the UK Government withdrawing most other virus-control measures, there is no rational justification for vaccine mandates for healthcare staff.
Read more...As Citi Prepares to Leave Mexico, the Hunt Is On for Its Assets
Big global lenders, including Spain’s Santander and Canada’s Scotiabank, are interested, but Mexico’s President Lopéz Obrador would prefer Mexico’s third largest bank to pass back into the hands of Mexican owners.
Read more...Remittances Soar to Record High in Latin America, Providing a Lifeline for Desperate Economies
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.
Read more...Mexico City Grapples With Acute Water Shortages, As “Day Zero” Approaches
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.
Read more...Why Is the UK’s National Health Service Being Run by Former Bankers?
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.
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