According to new media reports, China and Brazil have inked an agreement to abandon the dollar as a currency intermediary in trade deals, instead settling in mutual currencies. The parties…

On Wednesday, the US Senate Finance Committee accused Swiss bank Credit Suisse of complicity in an ongoing conspiracy to aid wealthy Americans to evade taxes, despite an earlier promise to…

On Tuesday, the Shanghai Petroleum and Natural Gas Exchange announced that China has just completed its first trade of liquified natural gas (LNG) settled in yuan. CNOOC, the Chinese state-owned…

In the US, so-called “dumb phones” are continuing to sell briskly, with companies such as HMD Global, the maker of Nokia, continuing to sell millions of devices very much like…

According to a report in the business daily RBK on Wednesday, Cargill, the global commodities trader, will cease exporting Russian grain beginning in the new crop year, which begins on…

According to a new report in the news magazine Tempo, the Association of Southeast Asian Nations (ASEAN) is about to hold discussions about dropping the use of the US dollar,…

Photo of Jamie Dimon courtesy of The Global Financial Context.   CEO and chairman of JPMorgan Chase, Jamie Dimon, will be facing a judicial examination of his bank’s relationship with…

Adam Glapinski, the governor of the central bank of Poland, has urged the Polish government to retain the national currency, the zloty, and not discard it in favor of the…

A new report produced by investment bank Goldman Sachs says artificial intelligence (AI) could cause “significant disruption” to the job market, placing millions of jobs all across the globe in…

On Monday, the head of the US National Security Agency’s (NSA) cybersecurity unit accused the Chinese social media app TikTok of gathering information on Americans, as he referred to it…