Remittances are a vital source of income and foreign currency for many countries but are no substitute for home-grown development…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…More
Why Is the UK’s National Health Service Being Run by Former Bankers?
This forms part of a growing trend in which bankers and central bankers are taking up positions of influence within government beyond their traditional bailiwicks…More
As Debt, Inflation and Hunger Rises, Latin America’s Fate Lies Once Again in Wall Street’s Hands
We’ve seen this movie before and it rarely ends well…More
Inflation Continues to Soar in Latin America, Even As Central Banks Intensify Their Rate Hikes
After hiking interest rates seven times in eleven months, Brazil now faces the most dreaded of economic scenarios: stagflation…More
Why An Open, Transparent, Informed Debate About Mandatory Vaccination Is All But Impossible in the EU
There is just too much murkiness for anyone, including MEPs, to reach anything like an informed decision. More
Is It Time for Eurozone Banks to Start Worrying About Turkey Again?
The ECB has already warned once about the potential impact a plummeting lira could have on Euro Area banks heavily exposed to Turkey’s economy.More
South East Asia’s Biggest Bank (By Assets) Just Suffered Its Biggest Outage in Over a Decade
As lenders increasingly nudge their customers toward online services, the frequency and scale of bank outages raises serious questions about the resilience and reliability of those services.More
Deliveroo Prepares to Quit Spain After New Law Gives Delivery Riders Rights
If other European capitals follow suit, turning a profit is going to become even harder for food delivery platforms.More
Austria Imposes Full Covid Lockdown and Plans Mandatory Vaccination Early Next Year
The situation is fluid, but one thing is clear: Austria’s imposition of lockdowns shows that after five months of the EU’s Green Pass, the Covid-19 virus is far from under control.More
Nick Corbishley 