The Future of Banking

How open banking can transform the financial industry Authored by: Pascal Hügli  As the saying goes, “What goes up must come down.” In this case, the ‘what’ are the stock prices of Swiss full-service banks like UBS and Credit Suisse, which are down 50 to 80 percent since the 2008 financial crisis. The plight of these … Continue reading The Future of Banking

Trump is losing the trade war and blaming China

By Ken Moak US President Donald Trump boasted that he is winning the trade war, telling delegates at the recent United Nations General Assembly (UNGA) in New York that the US economy is booming whereas China’s is faltering. In light of the delegates’ snickering and laughing, however, few if any attendees took him seriously, perhaps … Continue reading Trump is losing the trade war and blaming China

Cure for US aggression

Putin's advisor also believes that Donald Trump is just "doing what the ruling elite expects him to do" YALTA, April 21. /TASS/. The only way to stop the United States’ aggression is to get rid of dollar addiction, a Kremlin advisor said on Friday. "The more aggressive the Americans are the sooner they will see … Continue reading Cure for US aggression

Back to Headlines – Germany orders Greece to LEAVE euro if it wants debts cut

HARDLINE German minister Wolfgang Schaeuble has warned the only way Greece's loans can be written off is through the country leaving the eurozone, as the debt crisis once again blows up By LANA CLEMENTS   Angela Merkel's finance chief ruled out cutting the amount of money owed by the struggling Mediterranean state in an interview … Continue reading Back to Headlines – Germany orders Greece to LEAVE euro if it wants debts cut

Iran – Fast recovery from sanctions

Iran holds the world’s fourth-largest oil reserves and its second-largest gas reserves. With a GDP of US$1.4 trillion, adjusted for purchasing power parity, Iran is the world’s 18th largest economy according to the International Monetary Fund’s 2015 World Economic Outlook. Even after years of being subjected to economic mismanagement and sanctions, Iran’s GDP per capita of US$17,000 makes its citizens wealthier than their peers in China and Brazil.

  According to the IMF, Iran’s GDP is projected to go up 5 percent this year and next and may reach 8 percent by 2022. To make this happen the country needs $230 billion in domestic and foreign investments The financial and economic sanctions imposed on Tehran in 2012 over its nuclear program had a … Continue reading Iran – Fast recovery from sanctions