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Ozone Layer Is Healing
The ozone layer should be restored to its 1980 condition by 2066 according to scientists.
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Sweden: A Rare Earth Discovery
According to Sweden’s state-owned mining company LKAB, more than one million tons of rare earth oxides—the largest deposit of its kind in Europe—was discovered near Kiruna, about 1,000 kilometers north of Stockholm.
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Switzerland’s National Bank Faces Historic Loss
The Swiss National Bankprojects losses on foreign currency transactions of CHF131 billion, with another CHF1 billion in losses on positions held in Swiss francs.
Capital Raising & Corporate Finance
Under Armour’s New CEO
Stephanie Linnartz will become CEO of Under Armourafter spending 25 years atMarriott International.
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After Much Turnover, Peru Gets First Female President
Without a majority in Congress,Dina Boluarte's ability to governis limited.
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Brazil: New Finance Minister Is Everything But Inconspicuous
Fernando Haddad's appointment as finance minister has divided Brazilian economists.
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Central America: Corn-Based Cards Replace Plastic
BAC Credomatic's bio credit card is made of 82% corn and fits in with the bank’s net-positive renewable-energy policy.
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Central America: Heading For Record Remittances
Greater remittances mean greater economic growth for Latin America.
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China: Domestic Jetliner Takes Wing
China aims to challenge the Airbus-Boeing duopoly, an objective that was unthinkable a few years ago.
Economics, Policy & Regulation
Energized US Agency Takes On Giants
The FTC is suing to block the merger of Nvidia and Arm as well as the purchase of virtual-reality startup Within by Meta (Facebook).
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Hungary Nips Feeding Hand
Hungary's inflation is soaring and growth is slowing as tensions with the European Union continue to create political instability.