Bloomberg As they grapple with shrinking profitability and the threat of a British exit from the European Union, the UK’s banks also face another challenge, slippery banknotes. Lenders from HSBC Holdings Plc to Royal Bank of Scotland Group Plc are working to upgrade or replace thousands of cash machines before the Bank of England starts to switch paper money with ...

Frankfurt / AFP It’s a concept that conjures up images of European Central Bank (ECB) chief Mario Draghi donning his flying suit, starting his helicopter and flying out over the eurozone to throw money to the crowds below. In the question-and-answer session of his traditional post-meeting press conference last week, Draghi was asked whether “helicopter money” was part of the ...

Astana / AFP Citizens of energy-rich Kazakhstan went to the polls on Sunday in an early parliamentary election expected to provide a commanding majority for ageing autocrat President Nursultan Nazarbayev’s ruling Nur Otan party. Close to 10 million voters are eligible to cast votes in a ballot held early amid economic gloom in the Central Asian state and featuring six ...