Janet Yellen, former US Federal Reserve chair, has warned that another financial crisis could be in the country’s future, due to ballooning corporate debt and regulatory impotence. “I think things have improved, but then I think there are gigantic holes in the system,” Yellen told economist Paul Krugman at the City University of New York. […]
“What are we all going to do next?” The question took Magda Wierzycka — then CEO of African Harvest Fund Managers — by surprise. She was focused on fulfilling the majority shareholder’s wish to sell the business and “hadn’t given the future much thought.” “There are about six of us,” continued Niki Giles, the firm’s […]
Unmissable, you say? IN HINDSIGHT, DAVID CARTER sees the deal differently. The 63-year-old has a Master’s degree in technology. A successful career meant he found a six-figure salary offer perfectly plausible. He knew from reading newspapers that tech stocks were up and the job market was hot. So when an email offered him a job […]
The benefits of scale, regulation and fear
SINCE BRITONS chose to leave the European Union in June 2016, the clichés have piled up almost as thickly as the votes: “no deal is better than a bad deal”; “Brexit means Brexit”. And you might count yourself rich—even by the City of London’s standards—if you had a fiver for every time you had heard […]
Two Toronto hospitals that have a financial relationship with a private company that banks blood from babies’ umbilical cords say they need to be more upfront about their affiliation after an investigation by CBC’s The Fifth Estate raised questions about their practices.
The Financial Times has a woman problem, or so it thinks. In the push for gender equality, and to reach out to female readers, boffins at the paper have developed a bot that warns journalists when they’re quoting too many men. The paper, which mostly covers the stuffy, male-dominated worlds of finance and industry, found […]
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Can stablecoins live up to their name?
TO GET AN idea of just how volatile cryptocurrencies are, compare them with the stockmarket. Bitcoin, the biggest one, moves as much against the dollar in a single day as the S&P 500 does in 23. For speculators, this is a feature. For anyone who wants to use these digital monies for payments, savings or […]