Editor's Letter
Best In Uncertain Times
Global Financeeditor at large Andrea Fiano's letter to you, the reader.
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Economics, Policy & Regulation
France: Macron Pushes Through Pension Overhaul
The 2023 Social Security Financing Adjustment Law raises the retirement age from 62 to 64, with a requirement that the retiree has worked at least 43 years; otherwise, workers must wait until they turn 67.
Economics, Policy & Regulation
Mexico Steps Up As Largest US Trading Partner
Mexico surges ahead of China as America's top trading partner in part due to geopolitical tensions and Covid-related disruptions.
Economics, Policy & Regulation
Singapore: Long-Serving Central Bank Chief Steps Down
Veteran central banker Ravi Menon is set to step down as managing director of the Monetary Authority of Singapore.
Economics, Policy & Regulation
Companies Face Tougher Standards
Silicon Valley Bank and other recently collapsed banks all received clean bills of health from outside auditors raising the question of whether accounting standards themselves need to be reformed.
Emerging & Frontier Markets
Sri Lanka: IMF Approves Bailout
Sri Lanka’s perfect storm of economic disaster started with the Covid-19 pandemic and years of government nepotism, corruption, and economic mismanagement ultimately led to a$50 billion default on foreign loans.
Economics, Policy & Regulation
Swiss National Bank Chair Reassures Markets
Swiss National Bank chair orchestratedthe swift takeover of Credit Suisse by competitor UBS but not without ruffling some feathers.
Technology
The Netherlands Joins US Effort To Deny China Semiconductor Technology
While the US effort to cut China out of the global semiconductor industry is driven by national security concerns,the effort has consequences for semiconductor companies that produce civilian products.
Economics, Policy & Regulation
Biden Flip-Flops On Climate With Willow Project Approval
The Biden administrationpleased progressives by cancelling drilling projects on federal territory shortly after taking officebut recently approvedConoco Phillips’s $8 billion Willow Project in Alaska.
Economics, Policy & Regulation
China: New Premier Is Xis Yes Man
Li Qiang's lack of governing experience might be the very reason China's President Xi Jinping elevated him to such a powerful position.
Sustainable Finance
Landmark 200-Nation Deal Could Save Marine Resources
The treaty does not overrule provisions set by numerous and often conflicting authorities that currently regulate fishing, shipping and deep-sea mining on the high seas.
Emerging & Frontier Markets
Nigeria: How Will The New President Impact The Economy?
Nigeria's new president facesa legal challenge to his victory and the arduous task of rebuilding an economy intatters.