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World Awaits Beijing’s New Central Banker
Beijing's top central banker is retiring. With no successor named yet, the rumor mill starts churning.
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New German Finance Minister Might End Euro-Austerity
Olaf Scholz’s spending policies and his Social Democratic Party'scriticism of Angela Merkel's ‘forced austerity’could lead to higher spending, a reduction of Germany’s historical surplus and the risk of inflation.
Economics, Policy & Regulation
Restructuring Pro Takes Over At Toshiba
Nobuaki Kurumatani, a former banker experienced in restructuring distressed companies,will be the first outsider to run the electronics giant in more than 50 years.
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Markets Cheer Change in Pretoria
The rand and South African stocks rallied on the news of Zuma's removal as the republic's president, but challenges remain for his successor.
Emerging & Frontier Markets
Conference Board Sees Good Momentum
Bart van Ark, chief economist at The Conference Board, visited Global Finance to discuss the state of the global economy and the outlook for 2018 and beyond.
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EU Gives Consumers New Data Controls
On May 25 this year, the adoption of Europe’s new General Data Protection Regulation (GDPR) is set to become a watershed moment in privacy history: EU citizens gain new rights to view, limit and delete data that businesses from around ...
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Reining In Big Tech
The dominance of media-technology platforms that control information has roused regulators around the world. New laws are coming into effect, with more on the way.
Economics, Policy & Regulation
Cryptocurrencies Face Bans, More Regulations
Countries like Algeria, Morocco, Bolivia, Ecuador, Kyrgyzstan, Nepal and Bangladesh have all issued bans—or at least begun the process—on bitcoin and other alternative currencies, in order to stamp out tax evasion and irresponsible trading.
Economics, Policy & Regulation
Worst-Case Brexit Could Cost UK $65 Billion
According to a Cambridge Econometrics report a “hard Brexit,” in which the country would leave both the EU customs union and the single market, could cost the UK almost half a million jobs and about $64.7 billion in investment by 2030.
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Argentina Railway Revives With Upsurge In New Investments
Just two of several programsover the past two years haveattracted $45 million from local and foreign private inerests and created at least 8,000 jobs.
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Berkshire Hathaway Names Buffett’s Successors
Longtime senior executives Greg Abel and Ajit Jain were promoted to vice chairman on January 10 and joined Berkshire’s board of directors. The announcement might suggest that Abel and Jain, alone or together, might lead the company in the near future.
News
Protestors Demand Change In Iran’s Economic Priorities
The situation came to a head late last year when the Iran government proposed an austere budget for 2018. Subsidies on basic goods and services for the poor were subject to proposed cuts, as fuel prices were set to rise by as much as 50%.