Centuries-old network faces government heat as authorities link it to cryptocurrency, gold smuggling and tax evasion.
Tag: money
An instrument for exchanging goods and services, money often becomes a symbol loaded with meanings, emotions and values.
From social media filters to salary bumps, an exploration of how the beauty advantage plays out across cultures — and why pretty average looks might be just the right amount.
In Egypt’s sun-soaked tourist towns, a new form of romance blooms — one where age, money, and longing collide in quiet transactions masked as love.
A misplaced trash bag containing a secret stash sparks an argument between sisters — and our Naples-based psychiatrist.
Dafen has long been the world capital of oil painting copies. After years of reproducing masterpieces on an assembly line, these painters would now like to be considered true artists and make a living from their creations. But in this ancient village in southern China, copies pay more than originals.
Increasingly widespread across France, these alternative currencies are emerging as a new tool for promoting short supply chains, local economies and ecological transition.
As a child in Albania, Luan learned it was dangerous to owe money to the wrong people. Now an adult in Italy, he is struggling with a gambling addiction and is trying to get back on his feet.
Tourism has become big business in Medellín, Colombia, but it also be fueled the city’s worst sociocultural traits and encouraging drugs and abusive sex work. With new laws and bans being put in place, is change afoot in “the City of Eternal Spring”?
Like Cuba, Venezuela churns out doctors who are poorly trained and overworked. Colombia then lets them practice medicine in the country in yet another senseless gesture of political goodwill toward Venezuela.
Rwandan fishers dive into the silent waters of one of Africa’s largest lakes. The rhythms are relatively calm, but a lifetime of hard work rarely adds up to much where earning even a euro a day is a long shot.
In a country where money is taboo and culture is sacred, French artist Aurélie Galois navigates the uneasy relationship between following your muse and paying your rent.
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All Insurance Scam Roads Lead To Turin
Of financial hardship, staged accidents — and calcio rivalry.
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Bygone Tips: My Not So Great Depression
“Dottoré, the reason why I am depressed is simple. But to explain it, I need an answer first. How much did you use to pay for a coffee?” “Over the last few years, it was 80 cents, then 90 cents, and now one euro.” “And what did you use to do with the 10 or […]
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.
Conceived in the early 1990s, the QR Code has spread exponentially during the pandemic. Its creator, Masahiro Hara, is one of the many continuing to innovate his most famous invention, which has changed everything from medicine to how we dine.
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China’s Loose Credit Gambit
While other major economies are taking steps to tighten credit, China is acting to cheapen it, in order to revive its economic activity and help big firms repay their debts. But will it fuel global inflation, or worse, stagflation?
Wealthy Latin Americans have been among the most active home buyers in Miami, which now may be creating a “tough” sellers’ market perceived by some as simply a haven for assets threatened by instability in home countries.
MILAN — There were a few moments of silence when I told my girlfriend what I’d done. I’d kept the information from her for a few days, fearing her reaction and forced to explain: I had chucked a few hundred dollars at shares of the so-called “meme stock” extraordinaire GameStop on the New York Stock […]
Working at the town hall in Morez, we imagine, must be a busy yet somewhat uneventful affair: There’s roadworks on the main rue de la République to take care of, planning for the reopening of the Eyewear Museum — and perhaps most stressful, worrying about budget and spending for this village of 4,800 nestled in […]
Funds sent back by emigrants to Africa are helping residents in Zrariyeh, about 75 kilometers south of Beirut, survive Lebanon’s full-blown economic crisis.
Italy, as everyone knows, is the place for pasta. And so it goes without saying that visitors to the country often head home with a package or two in their duffels or suitcases. The woman in this story was no exception, in that regard. And yet, there was something about her that must have puzzled […]
Which leaders will be remembered from this moment in history? So asks Catherine Chatignoux.
A view from India on the prospects of major upheaval in the short-term and the possibility of a lasting economic depression.
MOSCOW — Last month, the Interior Minister of Cyprus Constantinos Petrides announced the revocation of 26 “citizenships by investment” that had been granted before stricter criteria of this program was introduced in 2018. Though Petrides refused to name those who had lost their so-called “golden passports’, Kommersant has recently revealed some of the names on […]
For all its resources, the South American country still struggles with high inflation and extreme poverty. The solution must be both deep and long-term changes.
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What If Warren Buffett Were Peruvian?
In the race to succeed, talent can certainly play a role. But not everyone competes on the same playing field.
With its abundant raw materials and growing digital economy, Latin America has real potential for national investment funds.
As vast sums are donated to rebuild Notre Dame cathedral in Paris, the same billionaires don’t step up to protect dying species or reverse global warming.
A rapid tour around the planet shows that some monetary compensation is increasingly seen as a way to try to right the wrongs of the past.
The Quimper-Léon diocese in Britanny just installed electronic terminals to collect donations from church-goers. The purpose of dematerializing transactions? To increase the number of offerings.
In all likelihood, the cause of the Notre Dame fire is linked to mundane management issues. It’s a symbol for today’s French culture.
-Essay- PARIS — I shall spare my readers today a highfalutin reflection on the obsolescence of the French Fifth Republic, evolutions in Romanian culture or the worldwide rise of the extreme Right — thanks to Banksy! The uber-famous but ever elusive London street artist recently returned to the limelight with another of his visual pranks: […]
The U.S./China trade war is also sparking a currency conflict, one that brings to mind the international climate in the early years of the the Great Depression.
As U.S. hegemony fades, the dollar has become the worst currency in the world — expect, of course, for all the others.
The top layers of corals reduce the cost of storms by an average of $4 billion annually, a new study finds.
Catering specifically to women – particularly in rural areas – is not only good for gender equality, it is good for business.
BOGOTA — Maybe money does grow on trees. This week, in the Ciudad del Río sector of Medellín, Colombia’s second largest city, passersby were surprised to see a tree “flowering” with banknotes. Fastened to the tree’s branches (with laundry clips) were real peso bills. Too good to be true? Some people seemed to think so […]
Prospects of a rising dollar in 2018 could push developing countries like Argentina to take conservative measures like raising interest rates and curbing deficits.
In Stockholm and around the country cash has disappeared from businesses and banks. Everyone, except the elderly or those without digital access, pays with credit cards or mobile apps.