Fawning after the US president is not only humiliating — it doesn’t work

The digitisation of payment, trading, and settlement systems is reshaping the financial architecture. This column, the first in a two-part series, offers an overview of major trends across the world. It highlights the successful implementation of payment systems in India and Brazil. Other parts of the world, such as sub-Saharan Africa, have also made significant progress but require stronger governance and institutional capacity. Finally, the US and euro area offer two models for digital payments in advanced economies, with important questions centring around who issues new forms of digital money and how to balance privacy and stability concerns.

Armida van Rij and Sander Tordoir decipher what the election results mean for The Netherlands and Europe more broadly.

Patel reportedly became furious after stories revealed he flew to visit girlfriend and fired official who oversees fleet A top FBI official with 27 years standing has reportedly been fired by the bureau after its director, Kash Patel, became enraged by press stories revealing he had used a government jet to travel to see his girlfriend sing the national anthem at a wrestling match. Steven Palmer, who had worked at the bureau since 1998, was fired as head of the FBI’s critical incident response group which is responsible for handling major security threats as well as overseeing the agency’s fleet of jets. He was the third head of the unit to be dismissed since Patel became the second Trump administration’s FBI director in February. Continue reading...

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