Author Archives: Nick Corbishley

Although China accounts for only a small fraction of Mexico’s total Foreign Direct Investment, it has significantly expanded its portfolio in recent years.

After pulling off one last stunt, which resulted in his expulsion from Colombia, Gauidó has not only outlived his political usefulness but has become a source of embarrassment to his erstwhile handlers (primarily the US).  

Mexico’s Chamber of Deputies “hosted” a video conference with Zelensky last week, becoming only the second Latin American government to do so. But the event turned out to be a lot less than met the eye.

Ajay Banga, in his former senior executive roles at Mastercard, waged a decade-long “war on cash.” Under his tenure, the company did more than just about any other to demonise the role of physical money around the world.

Mexico’s government already faces the threat of international dispute settlements over its energy reforms and proposed ban of GM corn. It now wants to radically change the rules of the game for its huge mining sector.

The experimental mRNA COVID-19 vaccines that were developed and launched to market in record time, generating record profits for their manufacturers as well as injuries for untold thousands, will be put to the test before the German courts.

Raiffeisen Bank International (RBI) is one of the few large European banks that continues to conduct business more-or-less-as-usual in Russia. But as the profits from its Russian operations surge, the associated risks and costs are also rising. 

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.