By Max Bluer The sweeping presidential powers, the detention of political opponents, even the troop mobilisations are empty gestures. President Nicolas Maduro of Venezuela's main goal is now to distract his people, and the world, from his country's problems. Highly dangerous. A power grab. A smokescreen. The response from internal ...
By Ismail Erturk, expert in banking at Manchester Business School Ever since Bob Diamond, the star investment banker in the City and ex-CEO of Barclays, resigned in the aftermath of Libor fixing scandal in 2012 the pendulum of power started to swing in favour of the regulators in the City. ...
By Marina Schlotzhauer Gone are the good old days where the major risks for businesses were costs running out of control or the threat of imminent local competition. Globalization has introduced a whole new array of challenges that vary from foreign financial economic ripples to cyber security and beyond. Just ...
By Laura Griffiths The potent austerity measures that Southern Europe has had to contend with as a result of the Eurozone crisis were never going to be welcomed with open arms. With the number of people protesting in the hundreds of thousands and culminating in violence since 2010, it was inevitable ...
Brits are inherently untrustworthy people, a new study has revealed, with the average adult in the UK only trusting four people. Researchers who polled 2,000 adults found the typical Brit claims to have around 15 friends through work, university and childhood – but only really trusts four of them. The ...
By Valentina Magri Inequality has been one of the most heated topics of economic debate in 2014 after the great success of Thomas Piketty’s “Capital in the Twenty-First Century”. The book was awarded the 2014 Financial Times and McKinsey Business Book of the Year prize on 11 November 2014. Mr ...
By Jack Peat, Editor of The London Economic Boom and bust seems like a primitive economic state, but few would argue today that the harsh cyclical nature of the economy has seen its day. If anything, they've become more severe. Soviet economist Nikolai Kondratiev theorised in the early 20th century ...
By Valentina Magri Mamma mia, here we go again. But this time is different: neither Abba nor Mr Berlusconi are part of the story. Despite this fact, there is an eerie feeling over déjà vu in the air. Italy has dipped back into recession for the third time since 2008. The ...
By Elsa Buchanan After a decade of anti-Western discourses, the world’s emerging economies have finally launched a pair of financial institutions they hope will challenge their pet hates, the World Bank and International Monetary Fund (IMF). Built on shared complaints and challenges, the new ‘mini IMF and World Bank’ has ...