Author Archives: Nick Corbishley

As life gets prohibitively expensive for people living in the US (and many other rich economies), relatively cheaper countries like Mexico are becoming increasingly attractive. But for local people the costs are growing.

Even as divisions rise in the world, the governments of the world’s largest economies appear to be on a strikingly similar page when it comes to rolling out digital health certificates, digital identity schemes and central bank digital currencies.

What happens when one of Latin America’s smaller economies, on the US doorstep, decides to throw its lot in with China? It looks like we are about to see.

As Mexico’s GMO ban looms ever larger, the US National Corn Growers Association is calling for the The U.S. Trade Representative to intervene, “before it is too late”.

Palantir, with intimate ties to defense, intelligence and security industries around the world, seems set to play an even larger role in the UK’s crisis-ridden National Health System (NHS).

The Central Bank of Nigeria is undeterred. To deepen its drive to “entrench a cashless economy” and boost take-up of the eNaira, it is launching a demonetization process not too dissimilar from India’s.

Gauidó has long outlived his usefulness. Now, he and the “interim” government he fronts are an obstacle in the way of reopening Venezuela’s oil market to US oil majors.

Following a string of scandals, bad investments and woeful risk management, Switzerland’s second largest bank, Credit Suisse, is close to the edge.

Until recently Washington’s closest ally/client state in South America, Colombia is now under new management. And that management has a different perception of US influence in Latin America and the wider world.

Enel is one of 70 energy companies in Italy that could end up needing a state-guaranteed credit line, as derivative hedges blow out. Which is likely to place even further pressure on the finances of Europe’s most indebted large economy.

That those vaccine purchases are now under investigation by EU Public Prosecutors doesn’t seem to matter. The Commission wants a direct role in EU Member States’ purchases of gas and, if possible, weapon

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?”