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...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Barnett also said the nature of central bank digital currencies under development by the European Central Bank, Bank of England and other authorities remained unclear....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...A version of this article was first published by Nikkei Asia on February 14 2023. ©2023 Nikkei Inc. All rights reserved....
...And finally Milton Avery inspired Abstract Expressionists like Mark Rothko and Barnett Newman, and is considered one of North America’s greatest 20th-century colourists....
...Investment banks and private conglomerates, known as chaebols, poured money into the sector, seeing new opportunities to cash in....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...Staff at the bank will miss a certain line item on someone’s bank statement or a certain form of income . . ....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...“We want to be the grown-ups in the room,” Mark Barnett, Mastercard’s president for Europe, told FintechFT....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
...Rivals AstraZeneca, Johnson & Johnson, Russia’s Sputnik V and new entrants such as Novavax make up the remainder of the market, which is forecast to double in value to $124bn next year....
...veteran policymaker Benoît Coeuré of the Bank for International Settlements in a speech on Friday....
...It has had to raise more than $1bn from its existing investors and tap credit lines from banks to shore up its financial position....
...African governments can access a $2bn vaccine facility provided by the Cairo-based African Export-Import Bank as well as funding from the World Bank....
...The prospect of much lower bond yields — and, crucially, the expectation that central banks will contain any sharp rise — has encouraged investors to boost their exposure to the technology and healthcare...
...“Markets are pricing a V [shaped recovery], everyone’s coming back to work, and this is going to be fine,” Mr Falco said. “I don’t think it’s going to be that easy quite frankly.”...
...Some hope a bigger fillip to Britain Inc will come from lower oil prices, but that is a vain hope....
...“This is not going to be a V-shaped recovery from here given the many months [or] years it will take for full repair, but it feels good now.”...
...“I would say that, as a team, we've pretty well discounted a uniform V-shaped recovery. The question is, is it U-shaped, is it W-shaped or parts of it L-shaped?”...
...Going forward, the federal government has ordered that only Euro-V standard fuels can be imported. Elsewhere, banks have announced policies to end financing for coal-powered plants....
...Deutsche Bank’s satellite-powered shipping tracker indicates that Chinese economic activity has now stopped contracting, and some economists are predicting a V-shaped recovery....
...Business groups and think-tanks are making a mistake to cast Uber v London as a totemic fight to preserve capitalism....
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