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CHICAGO — In an important speech to the Atlantic Council in April, US Secretary of the Treasury Janet Yellen issued a welcome call for revitalising the world economic order. But she also generated headlines with a single sentence advocating what she called “friend-shoring”: That is, limiting the trade of key inputs to trusted countries in order to reduce risks to the supply
A well-functioning financial system is a key component of any successful economy. Without efficient payments and broadly accessible financial services, people cannot engage easily in commerce, save for a rainy day, invest in new innovations and business models, or insure against risk. But precisely because the financial sector is so central, developments within it are highly
A well-functioning financial system is a key component of any successful economy. Without efficient payments and broadly accessible financial services, people cannot engage easily in commerce, save for a rainy day, invest in new innovations and business models, or insure against risk. But precisely because the financial sector is so central, developments within it are highly
CHICAGO — War is horrific, no matter how it is waged. Nevertheless, Russia’s unprovoked attack on Ukraine, with its scenes of Ukrainian civilians being murdered or driven from their homes, undoubtedly had to be opposed. In addition to supplying Ukraine with military weapons, governments around the world have deployed economic weapons against Russia. While Russia, an economic
OAKLAND, Calif., March 18, 2022 (GLOBE NEWSWIRE) -- Sterling Administration, a leading service provider for HSAs, HRAs, FSAs, COBRA, Retiree Billing, and...