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The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure 'Big Tech' does not take control of money.

Central bank digital currencies get full BIS backing | Reuters

TOKYO -- Until a few days ago, Tokyo had been in the grip of a state of emergency. Throughout the period of restrictions, as always, cavernous wholesa

The money pushers: The world is embracing Japan-style economics -                         Nikkei Asia

How hedge funds and brokers have manipulated the market.

How the GameStop Hustle Worked - The American Prospect

JPMorgan, Citigroup and BofA Ruled Not “Fit” to Participate in Huge European Bond Offering Because of Past Crimes

By Pam Martens and Russ Martens: June 18, 2021 ~

How embarrassing it must be for Jerome Powell, Chairman of the Federal Reserve, that three of the largest banks in the U.S. that are supervised by the Fed, have been deemed not trustworthy enough by the European Commission that they were banned from participating in this week’s historic European Union bond offering.
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How would life change if you were given 1,200 euros a month with no strings attached? A study launched last week in Germany to find out. Research team leader Jürgen Schupp hopes for answers to important questions.

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Iraqi expects oil prices to reach $80 per barrel, the country's state news agency reported on Sunday, citing an oil ministry spokesman.

Iraq expects oil prices to reach $80/bbl - state news agency | Reuters

Secrecy has long been part of the art market’s mystique, but now lawmakers say they fear it fosters abuses and should be addressed.

As Money Launderers Buy Dalís, U.S. Looks at Lifting the Veil on Art Sales - The New York Times

A ‘salvo’ of anti-monopoly bills and the appointment of Lina Khan to the Federal Trade Commission suggest a new sheriff is in town

Is Biden's appointment of a pioneering young lawyer bad news for big tech? | John Naughton | The Guardian

All three main indices on Wall Street dropped Friday with investors wary of a more hawkish stance from the U.S. Federal Reserve, while the dollar posted the strongest gains in over a year and oil prices continued a steady climb.

Fed update weighs down Wall Street, adds fuel to the dollar | Reuters

These are federal funds, paid in federal taxes by Floridians, explains the author.

Ending federal benefits won't bring back workers to low-paying jobs

Defaults may be heading lower but the market has become much riskier | Finance & economics

America's high-yield debt is on ever-shakier foundations | The Economist

Real Vision Group SEZC, the company behind Raoul Pal’s financial media brand, is closing in on a $35 million Series C, CoinDesk has learned.

Real Vision Raises $35M in Bid to Shake Up Financial Media - CoinDesk

Investors surveyed by Bank of America say inflation is “transitory” — but it’s still their top tail risk.

Is Higher Inflation Here to Stay? Fund Managers Don't Think So | Institutional Investor

Banking giant JPMorgan is sitting on a near half-trillion-dollar stockpile of cash, waiting to invest in higher rates in the coming months, instead of buying...

They may also stoke fears of a new taper tantrum | Finance & economics

Uneven vaccination rates are creating a new economic divide | The Economist

Budding bankers at Goldman Sachs and JP Morgan forced to quarantine in hotels before they can begin their City careers will have their costs covered by the banks.

Goldman Sachs and JP Morgan to pay interns to quarantine in hotels : CityAM

The head of the IMF has strongly indicated City of London firms should not be exempt from the proposed global tax plan agreed at the G7.

IMF hints opposition to UK call for City of London exemption to G7 tax plan : CityAM

The Japanese government must implement effective fiscal consolidation measures sooner rather than later to avoid plunging the country into further economic turmoil.

Saving Japan from fiscal collapse | East Asia Forum


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