Articles in English

PayPal Enters Installment Loan Business Targeting Fintechs Affirm And Afterpay

Point of sale financing—the modern layaway that lets you pay for a new TV or dress in four installments instead of putting it on your credit card—has been rising steeply in popularity over the past two years, and the pandemic is propelling it to new heights

01 сентября 2020 4 мин. 7721

Industrialization in Kazakhstan: first results and new challenges

Today, Kazakhstan has such large multinational companies as Kazchrom, KSP Steel, Alstom, General Electric, BASF, and others. Over the past five years, more than 500 new industrial projects with an investment volume of about 5 trillion tenge have been put into operation

29 августа 2020 7 мин. 12305

TikTok CEO Kevin Mayer Exits As Company Faces Threat Of Ban In U.S.

Mayer had been at the receiving end of direct attacks from the Trump administration after joining TikTok

28 августа 2020 3 мин. 5846

The Anti-Facebook: 12 Years In, Facebook Cofounder Dustin Moskovitz’s Slow-Burn Second Act Asana Finally Has Its Moment

Nearly a decade ago, Zuck’s college roommate became the world’s youngest self-made billionaire by moving fast and breaking things. Now Moskovitz is set to take his radically chiller cloud standout Asana — a software success story powered by patience and the pandemic — public

27 августа 2020 8 мин. 8682

Trump Organization Sued By New York Attorney General As She Investigates Its Financial Dealings

New York Attorney General Letitia James sued the Trump Organization—along with the president’s son Eric Trump—to force the company to comply as she investigates whether the company allegedly inflated its assets to secure loans and other deals

26 августа 2020 3 мин. 4791

A Healthy Improvement on GDP

LONDON – Dissatisfaction about GDP is growing. Many economists, policymakers, and other critics question the ability of this central measure of government and social success to recognize the welfare gains from technology, account for environmental degradation, or capture rising inequality. With developments in artificial intelligence and robotics poised to produce considerable labor-market churn while also boosting GDP – a process likely to be accelerated by the ongoing pandemic – these complaints will soon grow louder

25 августа 2020 5 мин. 5473

Financial Repression Revisited?

WASHINGTON, DC – The US federal debt-to-GDP ratio rose sharply during the 2008-09 Great Recession and continued rising thereafter, going from 62% in 2007 to 90% in 2010. By 2019, it had reached 106%, and the Congressional Budget Office was warning that the trust funds for Social Security and Medicare would be exhausted by 2028. Many economists argued that a debt-to-GDP ratio of 100% was already worryingly high, and that the future tax increases needed to reduce it would be massive

24 августа 2020 5 мин. 4823

The Quiet Revolution in Emerging-Market Monetary Policy

LONDON – Central banking in emerging markets has undergone a quiet revolution during the COVID-19 pandemic. Unlike in past crises, they have been able to mimic what central banks in advanced economies have been implementing: counter-cyclical policies with quantitative easing (QE), local-currency asset purchases, interest-rate cuts, and monetization of government deficits