EUR/USD edges lower on Wednesday, reversing earlier gains as the US Dollar (USD) shrugs off in-line US Consumer Price Index (CPI) data. At the time of writing, the pair trades around 1.1521 after touching an intraday high of 1.1563. The US Dollar weakened immediately after the inflation report as headline and core CPI eased to…
The second Trump administration has signaled occasional hostility to Europeans and the European Union in ways unprecedented in American government practice since the beginnings of European integration in the 1950s. At the same time, the European Union has embarked on new initiatives that express unity and clarity of purpose, such as a $100 billion commitment…
From journalist to CEO to PM: Han Seong-sook breaks barriers to lead Korea’s AI revolution. The National Assembly — South Korea’s parliament — has confirmed former Naver CEO Han Seong-sook as the country’s new prime minister. The 59-year-old will be only the second woman to hold the position in South Korea. The first female prime…
The Euro is on track for its eighth gain in nine sessions against the Pound, and the explanation that would normally cover a run of that length is not available. Bank Rate sits 150 basis points above the European Central Bank deposit rate, precisely where it has sat since the middle of June, and that…
Financial giants in Japan partner with AI firms to build zero-trust cybersecurity defenses. This article appears in the July/August issue of Global Finance Magazine. Japan’s banking sector is becoming a high-stakes proving ground for AI-driven cybersecurity. As autonomous “frontier AI” models rapidly increase the speed and scale of cyberthreats by identifying zero-day vulnerabilities, the country’s…