In The News

October 16, 2017
India pulled its largest banknotes from circulation in November 2016, an effort to stop corruption and money laundering. “But in the run up and the immediate aftermath of the policy’s implementation, something noteworthy happened in the digital space: more people started using digital modes of payments including mobile and internet banking,” reports Asian Banking & Finance. “Digibank, in a...
Rick Noack and Erin Cunningham October 13, 2017
The United States is not recertifying the Iran nuclear deal, a task that must be completed every three months. UN inspectors report that Iran is in compliance. Other countries are party to the deal: Britain, France, Germany, China, Russia and Iran. Europe contends the deal, by preventing proliferation, is better than no deal. Other countries can stick with the deal without US support and expect...
David Reid October 12, 2017
The US dollar may lose its status as the world’s reserve currency due to weak US governance and geopolitical pressures: the North Korea threat, diminished US-EU transatlantic ties and China’s prominence in global markets, including skill in managing credit excesses, so far, without disrupting the global economy. China strives to increase demand for yuan, announcing plans to buy oil in yuan and...
David Alandete October 12, 2017
The Catalan regional premier relied on results of a referendum to declare and then quickly suspend independence for Catalonia. The declaration has been “received by an unshakeable rejection on the part of the opposition in Catalonia, all of the parties in Spain – whether on the left or the right – and the entire European Union,” explains David Alandete for El País. Opponents of independence held...
Laurie Goering October 11, 2017
The world is failing to reduce emissions fast enough to ease the consequences of climate change – extreme weather, rising seas, violent wildfires and loss of biodiversity. Some nations like the United States are defiant about recognizing the problem, taking responsibility and demonstrating leadership – promoting reliance on coal without investing in emission control. Scientists warn engineering...
Franz-Stefan Gady October 11, 2017
The United States may represent 36 percent of the world’s total military expenditures and North Korea does not approach 2 percent, with most military analysts assuming the smaller country would quickly be defeated. Such assessments focus on the quantifiable, such as hardware, rather than less tangible factors like leadership and motivation – overlooking military stalemates the larger power...
Hannah Kuchler and Barney Jopson October 10, 2017
Russia used social media to disrupt the 2016 US presidential election and under-cut some of the world’s most innovative companies in the process – “weaponization” in the words of the Financial Times. Facebook, Google, YouTube and Twitter encourage political comment and gather personal data, then sell targeted, automated advertising. The social-media firms can expect more regulations from Europe...