Alibaba is the beginning of a new global trade system

Interesting article here that sees Alibaba not simply as another ecommerce company like Amazon or ebay but as a trading platform for any business, and hence a strategic tool for China to take over world trade and banking. The platform not only provides a front end for customers to interact with businesses, the businesses deliver products […]

Banking sector continues to struggle

Since it invests in all sectors of the economy, banking is a bell-weather of that economy. It is an indicator of the performance of the system as a whole. Yesterday Credit Suisse shares tumbled to a 24-year low. Globally, the financial sector is the worst performing in the MSCI World index in 2016. Bank shares have […]