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.More
Bankruptcies Soar Across EU, As Companies Hit Wall At Fastest Rate Since Records Began in 2015
Legions of European companies are succumbing to the final straw of Europe’s largely self-inflicted energy crisis. More
Mexico’s President AMLO Sends Strong Message to US Neocons: Mexico is Nobody’s Colony
“We will not allow any foreign government to intervene in our territory, much less with armed forces,” AMLO told US neocons. More
Mexico’s President AMLO Floats Plan to Form Anti-Inflation Alliance in Latin America
“We are going to carry out an anti-inflation plan of mutual aid for growth, for commercial and economic exchange with Latin American countries.”More
Tesla’s Newly Announced “Gigafactory” in Northern Mexico Already Has a Serious Problem: Water Scarcity
The nearshoring trend is triggering a significant influx of global companies, including Tesla and many of its suppliers, to Northern Mexico, particularly the state of Nuevo León. But is there enough water to go round?More
UK Citizens Should Take Rishi Sunak’s Pledge Not to Launch Digital ID With a Truckload of Salt
“There are no plans to introduce digital ID. Our position on physical ID cards remains unchanged.” More
Madrid Has Become a New Miami, Attracting Well-Heeled Latin Americans
Spain’s golden visa program has helped to attract thousands of affluent Latin American politicians and business owners to Madrid, but its days may be numbered, at least in its current form. More
Nigerian Central Bank’s “Drive to Entrench” a “Cashless Economy” is Creating a World of Pain for Nigerian Citizens
“Nigeria must go cashless. It is a global policy, checking insecurity and fighting corruption”: Central Bank of Nigeria Governor Godwin EmefieleMore
Is Switzerland About to Become First Country to Outlaw a Cashless Society?
As in neighboring Germany and Austria, cash is still king in Switzerland albeit a much diminished one. But the Swiss will soon have the chance to vote on whether to preserve notes and coins indefinitely. More
Shining a Light on Canada’s Much-Ignored Role in Peru’s Internal Conflict
“Canada’s influence on mining is felt in Latin America more than in any other region of the world.” And its second most important market is Peru.More
Nick Corbishley 