Worldcrunch
Home to the unicorn Vinted, Lithuania’s capital is fostering its image as a Northern European tech hub and cultural capital, in an effort to attract new businesses and talents — despite its cold weather and two difficult neighbors: Russia and Belarus.
The creation of a new common currency will be one of the main questions on the agenda at the BRICS summit in South Africa in August. But there are still many obstacles to overcome before breaking free from the almighty dollar.
The Kremlin is increasingly focused on the destruction of infrastructure in Ukraine. The government in Kyiv will be entitled to reparations. Russia should know now: the more it destroys in Ukraine, the less it will get back from its foreign billions.
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.
GENEVA — Imagine a banker getting on a helicopter loaded with bank notes and flying over the whole country, raining money down on the population. This idea came from none other than Milton Friedman. In the late 1960s, as the economy was struggling, the iconic American economist believed that people would jump on the falling […]
The extreme economic condition that is now practically extinct across the globe could return in Venezuela if a range of corrective measures that are anathema to the socialist government aren’t swiftly instituted.
Brazilian governments again are guilty of spending too much when exports and revenues were booming. A view from neighboring Argentina, where bad economics is endemic.
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 […]