Ever wondered what the world debt of $63 Trillion (yes, that is $63,000 Billion) looks like? I mean which country has what share? Well, the good folks at Visual Capitalist put a really amazing infographic out. Their numbers differ from The Economist, but then again what’s a few trillion plus or minus?
Because of its disruptive nature, Bitcoin and other cryptocurrencies sit very uneasily with the traditional banking sector as there is a fear the digital currency could render them obsolete. The UK boasts about its relative dominance in the fintech sector, but its own banks are making life difficult for the country’s bitcoin businesses. Source: Bitcoin […]
HSBC published a study of more than 12,000 people in 11 countries into global technology perceptions and habits around two weeks ago. The report highlighted many contradicting attitudes in people. One thing that I found interesting is the varying attitudes according to geographic locations. The figure above represents the percentage of people who think: “I […]
With all these cuts in Saudi government spending, construction is the largest sector that is affected. Some estimate cite as much as 45%. Outgoing remittances will be impacted and the results would clearly be noticeable in the coming quarters. Ministry budgets could be cut by a quarter; some ministries may also be merged or eliminated […]
Love the title first of all, and the theory is not far off. If one listens closely enough to all the economists, they’ve been screaming their heads off that an economic nuclear winter is coming and it is going to make 2008 Economic Crisis look like child’s play. We are facing a serious road-bump […]
I’m still trying to grapple with all this negative interest scenario. It is absolutely absurd that we have come to a point where we need to pay banks to keep our money. Perhaps, we all need a refresher course in economics 101. Deutsche Bank’s chief executive has warned of the “ Source: Deutsche boss: negative […]
Love the title of this article, and a brilliant (short) read on what is really happening in the world. If people paid more attention to those who conduct empirical research, they will find out that things are not as rosy as they seem. A storm on the horizon threat has been looming for too long. […]
This is one of the few must hear podcasts that gives a glimpse on a changing House of Saud. How the Saudis are recalibrating their lives in the today’s era of depressed oil prices and faced with a budget deficit. One of these changes is how the work-force is changing. Labour markets in Saudi Arabia will […]