The central banks of the world are increasing their gold reserves, and at the same time lowering the amount of dollars in recent decades. Recent data from the World Gold Council reveals that gold reserves in 2021 reached their highest value in 31 years. Central banks around the world are turning…
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Chile stock market falls after Boric’s victory

The Santiago de Chile Stock Exchange suffered a 4.96% drop this Monday, just after an election day in which the candidate of the Chilean left, Gabriel Boric, prevailed in the presidential elections against the far-right Antonio Kast.…

Swiss Bank UBS sanctioned for tax evasion

A Court of Appeal in Paris sentenced the Swiss banking group UBS for carrying out illegal practices on money laundering and imposed a fine of 1.8 billion euros. However, this amount is lower than that established by another court in 2019.…

European Central Bank to redesign euro banknotes

The European Central Bank (ECB) reported that it plans to invite the population to participate in the redesign of the euro banknotes in a process that is projected to culminate in 2024 with the acceptance of a final proposal. In the words…