After reeling from one crisis to another, Europe’s heavily indebted and deeply debilitated small businesses — the backbone of the economy — face the ultimate threat from energy shortages and soaring prices.
In Mexico, it is not just the government and the central bank that are trying to keep a lid on rising food inflation. So, too, is a drug cartel in the Pacific state of Guerrero.
The reemergence of “payment strikes” is perhaps a sign that as economic conditions deteriorate, people will begin to leverage the only real power they have left in today’s hyper-consumerist societies — i.e., as consumers.
Latin America is once again in the cross-hairs of the world’s great (but in some cases, declining) powers as the new Cold War heats up.
While the use of physical money has been declining in many places for years, the trend may have reached its apogee. In some countries, including the UK and Spain, it even appears to be staging a fragile comeback.
Germany’s health minister unveils plans to launch a color-coded digital app to confirm citizens’ COVID-19 vaccination status. Different colors will confer different rights.
“We could end up in jail” if we disclose details of the former government’s contract with Pfizer, says the country’s Health Minister.
Japan is not the only G7 economy where cash is still King, and that could complicate the roll out of CBDCs in so-called “advanced” economies.
As the Mexican government’s commitment to energy independence smashes into US financial interests, President López Obrador threatens to put sovereignty above the USMCA trade deal.
After being launched to great fanfare in October 2021, Nigeria’s eNaira has so far had minimal impact on the country’s economy and citizens.