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Yen Loses Safe-Haven Status
The yen fell to its lowest level against the dollar in 32 years as the Bank of Japan continues to keep interest rates near zero while central banks around the world are raising rates to fight rising inflation.
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Asia’s Economies Struggle To Compete Economically
Denmark grabs the top spot while Australia makes a comeback in the World Competitiveness Yearbook.
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In Conversation with Asgeir Jonsson | Central Bank of Iceland
Global Finance editor Andrea Fiano interviews Ásgeir Jónsson, Central Bank Governor of Iceland during Global Finance's World's Best Bank Awards at the National Press Club in Washington, DC on October 15th.
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Liz Truss Goes Bust Amid Economic Turmoil
Liz Truss becomes the shortest-serving prime minister in British history but her chaotic economic legacy will live on.
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BBVA Beefs Up Engineering Hires
The hiring will also include software developers and data specialists who will work with BBVA’s Client Solutions, Architecture and Data teams on the design, development and deployment of global and reusable components that support the creation of functionalities for retail and corporate clients.
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China: Chips Fall Out
Scores of semiconductor companies are going out of business in China despite the government's drive to boost the sector.
Executive Interviews
Finding Solutions: Q&A With SC Lowy CEO Michael Lowy
Michel Löwy, co-founder and CEO of Hong Kong–based boutique investment bank SC Lowy, which owns banks in Korea and Italy, shares his thoughts on the looming recession, mid-caps versus SMEs, M&A and alternative financing.
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France To Appoint Envoy For Sovereign Funds
Although the precise remit has not been defined, the envoy will focus on the major funds in the Persian Gulf.
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Merging: An Eco-Makeover
Ethereum reduced its energy consumption by 99.95% through a software upgrade that changed its consenus mechanisms.
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Patagonia Appoints Mother Earth As Sole Shareholder
Patagonia’s move comes as more companies try to give Mother Nature legal standing.
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Suez Canal Imposes Transit Fee Increase
From January 1, 2023, tolls will increase by 15% for vessels including oil tankers, and 10% for dry bulk and cruise ships.