In parts of Europe, some shops already run on card-only payments. While many nations are pushing toward a cashless future, global tensions are prompting them to reconsider.
Tag: bank
Increasingly widespread across France, these alternative currencies are emerging as a new tool for promoting short supply chains, local economies and ecological transition.
Faced with a $32 billion drop in their wealth this year, Russian oligarchs are looking for assets to allow them to overcome sanctions that will increase with the invasion of Ukraine. Familiar with crises, they see bitcoin and other cryptocurrencies as an escape from the hegemony of the dollar, and a way to diversify their holdings.
Also known as al-Khalil — the friend — the historic, contested city is steeped in enmity and overshadowed by Israel’s commanding military presence.
Cash use is declining, but don’t expect it to disappear. Still, there is another popular payment method that could in fact go the way of the dodo, a Deutsche Bank strategist argues.
The economy is expected to have a relatively strong year. But will the average Colombian really benefit?
It’s time for the European Union to curb emissions the way it does inflation.
A Manifesto for Tali’at, a new movement seeking to put the feminist cause at the center of the battle for Palestinian rights.
-Analysis- PARIS — Will the digital revolution get the better of physical currencies, a cornerstone of trade since 700 B.C. and a key fixture of modern society and government? Whether using cards, transfers, or cellphones, paying for things is increasingly done without coins or bills. This evolution raises the prospect of a cashless society. But […]
Venezuela is not running out of banknotes due to criminal or speculative hoarding.
After bashing the investment bank during the campaign, why Donald Trump could not resist picking three top executives to run his economic policy.
Deutsche Bank’s new chief John Cryan believes end-of-year bonus demands harm the company. But bonus culture may be too deeply embedded throughout the financial sector.
In September 2011, in Thessaloniki, Greece, Apostolos Polyzonis set himself on fire outside his bank, which had refused to ease his debt payments. He survived, and so did his anger.
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Danish Dragons
The building in the background is Copenhagen’s 17th century Borsen, the oldest stock exchange in Denmark. With its intriguing spire made of four dragon tails twined together, I wondered if Danish bankers appreciated the architect’s twisted sense of humor…
Rising prices in the developing world will eventually usher in a whole new paradigm on global currency markets.
In most countries black-market work is not an exception, but the norm. A recent study comissioned by the Institute of Economic Affairs (IEA) revealed that the shadow economy was booming. Illicit economic activities constitutes between 20 to 30% of GDP in many southern European countries. An estimated two billion people work for this global black […]
When a crooked system is allowed to fester, there are few who are free of blame — and little chance we will remained unscathed. A view from the European Union’s eastern front.
Vladimir Putin is genuinely convinced that protests against his rule are fomented abroad
DIE WELT (Germany) Worldcrunch TRIPOLI – Libya’s former dictator Muammar Gaddafi has been dead since Oct. 2011, but Libyans are still faced with his image daily on their one, 20 and 50 dinar notes. However on Feb. 17 – the second anniversary of the start of the revolution – the Libyan National Bank put new […]
A reversal in direction of the traditional route of remittance payments – now family members in Turkey are sending money to relatives in Germany.
Top Congolese leaders say it’s time the DRC got off the US currency and returned to the local franc. But ending “dollarization” comes with risks if not done properly.
FRANCE 24 (France), CNN (USA) Worldcrunch FRANKFURT – European Union finance ministers have agreed on a deal giving the European Central Bank (ECB) new powers to supervise eurozone banks. This agreement came early Thursday after the ministers held talks for more than 14 hours in Frankfurt following months of tense Franco-German divisions. All finance ministers […]
One estimate is that some 150 billion euros have been stashed in secret Swiss accounts.