Concerns are rising about the EU Commission’s ongoing opacity over its relations with Pfizer. But this is not the first time von der Leyen has been caught deleting sensitive information regarding deals with large corporations.More
Turkey Is Now Suffering From Hyper-Inflation, At Least According to Spanish Bank, BBVA
After Turkey’s official inflation rate surged above 70% in May, some global companies, including UK consumer goods giant Unilever, have begun applying hyperinflation accounting to their Turkish operations.More
Is Russia About to Put the Monroe Doctrine to the Test, in Nicaragua?
In a move that has already raised heckles in Washington, Nicaragua’s government has renewed a decade-long military partnership with Russia. More
“A Digital Road to Hell”: NYU School of Law Sounds Alarm on World Bank’s Digital Identity Programs
The World Bank and its partners claim that “investing in digital ID systems is paving the road to an equitable digital future.” But instead “they may well be paving a digital road to hell.”More
A Political Earthquake Just Took Place in Latin America
Colombia’s presidential elections this past weekend were historical on a number of levels, not least because they portend a shift in relations with its long-term hegemon, the US.More
Mexico to Take Legal Action Against US Construction Materials Giant, Vulcan, for Environmental Damage
The Mexican government’s moves against Vulcan has drawn accusations of “anti-business attitude[s] and rhetoric” from both sides of the US Senate. More
After Decades of God-like Omnipotence, Central Bankers Are Finally Falling Back Down to Earth
For the first time in a very long time, central bankers are coming under friendly fire as they lose control over some of the economic forces they themselves have helped to generate.More
Spain Faces Energy Blowback, As Its Largest Natural Gas Provider, Algeria, Breaks Commercial Ties
“Seldom in the history of Spanish diplomacy… has a foreign policy initiative had such disastrous results,” as Spain loses its grip on diplomatic relations with Algeria at the worst possible moment.More
Recent Payment Outage in Germany Underscores One of the Dangers of a Cashless Economy: System Fragility
As recent payment outages in Germany (and elsewhere) have shown, even strong proponents of a cashless economy have an interest in safeguarding the future of cash, if only for the sake of financial stability. More
Blame Game Begins As Chaos Reigns At Airports in UK (and Other Parts of Europe)
Neither airports nor airlines in the UK have restored enough capacity into their operations to handle the predictable surge in passenger numbers as the skies reopen.More
Nick Corbishley 