Money Laundering Poses a Risk to Financial Sector Stability
Cross-border financial crime is here to stay. While people everywhere enjoy the convenience of a globally connected financial system, criminals exploit this intricate network to...
Author : Nelli Avetisyan
The UK economy is bigger than we thought. It still has ‘a growth problem’ – CNN
The UK economy recovered from the Covid-19 pandemic much faster than previously thought, according to major revisions of official statistics that have erased Britain’s laggard...
Economists grow gloomier on 2024 as central banks delay rate cuts – The Financial Times
Persistently higher interest rates in major economies mean global growth is likely to slow next year after outperforming expectations so far in 2023, economists say....
How Worried Should We Be About AI’s Threat to Humanity? Even Tech Leaders Can’t Agree – WSJ
Artificial-intelligence experts debate whether to focus on averting an AI apocalypse or problems such as bias, disinformation. Artificial-intelligence pioneers are fighting over which of the...
Crypto Market-Making Profit Margins Sink 30% in ‘Wake-Up Call’ Post-FTX – Bloomberg
Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto...
Global growth is set to slow — but there are ‘pockets of resilience,’ Moody’s says – CNBC
The global economy is set to slow down as inflation remains stickier than expected — but there may be some “pockets of resilience,” according to...
Germany’s economic model is sputtering. So are its banks – The Economist
Germany’s economic model is known for close relations between bosses and unions; the Mittelstand, the country’s world-leading manufacturing firms; and the political system’s federalism, which...
A better way to think about banking?
Financial crises are sometimes used as evidence that banks’ profitability can come at the expense of customers and communities. But those who take this view...
Europe grapples with higher inflation than the US – The Financial Times
Europe is facing a stickier inflation problem than the US, with investors and analysts increasingly warning of the risk of transatlantic divergence in both economic...
Do Higher Deficits Cause Inflation? Not This Year – WSJ
Gap between federal spending and revenue is widening, but not for reasons that stimulate economy. Something strange is happening with the federal budget this year....