Recent Posts

How Monte Paschi damaged Italy

Another year, another conviction for yet another set of former managers of the world’s oldest bank. From afar, the Byzantine tale of Banca Monte dei Paschi di Siena SpA’s repeated failings — shameful as they are — might look like the company’s problem alone. But that isn’t the case. It’s bad enough that the executives who ran Paschi for years, ...

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Amid the travel bans, Singapore gets creative

Affluent, food-loving Singaporeans aren’t averse to spending $500 on a meal. But generally, they expect that it’ll come with a bit of ambience. Thanks to the pandemic, that has been lowered. Singapore Airlines Ltd sold out seats to eat lunch on a grounded jet at the airport. Tickets ranged from $40 for economy to $474 for a private suite. Demand ...

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EU is putting Johnson in a dangerous corner

Like so many Brexit moments that are telegraphed as decisive, Boris Johnson’s October 15 deadline for a trade deal came and went. That the two sides are still talking points to the core fact of this negotiation: It’s in both of their interests to find agreement. That doesn’t mean a trade deal is guaranteed. As with negotiations during Theresa May’s ...

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