Russia’s “Shadow Aviation” Network Is Keeping Sanctions From Grounding Its Airlines

Russia’s “Shadow Aviation” Network Is Keeping Sanctions From Grounding Its Airlines Western sanctions were supposed to cripple Russia’s aviation sector after the invasion of Ukraine. Instead, Russian airlines are still flying almost as many Airbus and Boeing aircraft as they did before the war — thanks to an increasingly sophisticated global network of intermediaries, shell … Περισσότερα

SRTs and Shadow Banking: Is Europe Sleepwalking Into Another 2008 Crisis?

SRTs and Shadow Banking: Is Europe Sleepwalking Into Another 2008 Crisis? A Familiar Smell From the Past Something “new” is quietly spreading through Europe’s banking system. But for anyone who lived through the financial collapse of 2008, it feels disturbingly familiar. Back then, the world learned overnight what CDSs, CDOs and structured credit products really … Περισσότερα

Why are retail power prices finally falling?

Renewables and energy storage were pitched as a way to drive down power prices. But the hidden costs of the clean energy transition mean lower prices haven’t fully eventuated. That’s why this week’s news power prices will fall by up to 10% have been gratefully received by the government – and consumers. The falls are real, though … Περισσότερα

Global Debt Shock: Why Central Banks May Trigger the Next Financial Crisis

Global Debt Shock: Why Central Banks May Trigger the Next Financial Crisis Inflation Is Back — And Central Banks Are Running Out of Options Before February 28, when tensions in the Persian Gulf escalated into a full-scale geopolitical crisis, global financial markets were focused on one question: when would central banks begin cutting interest rates … Περισσότερα