Innovation in central banking often starts in small markets. New Zealand was the first country to formally adopt inflation targeting as we now know it in 1990. Today the Bahamas and Cambodia lead China in piloting central bank money in electronic form. However, few realise it was Finland that pioneered the world’s first central bank digital currency. The experiment has ...

What a difference a year makes for many corporate bosses in advanced economies. Some 12 months ago, they were dealing with the sudden and brutal disappearance of demand for their products. Today, demand is not a problem for most of them; it is surging. Rather, they are struggling to secure supplies, including the raw material inputs and workers needed to ...

Bloomberg Cairn Energy Plc is dragging the unprofitable, state-owned carrier Air India Ltd to a US court to seek payment of an arbitration award from the South Asian nation as part of a long-running tax dispute, according to a filing. The energy company, which last year won an arbitration award for $1.2 billion plus interest, is asking a court in ...