Hacker News with Generative AI: International Finance

Germany may look to withdraw its gold from US (mining.com)
Germany may look to repatriate the vast amount of gold it currently stores in New York amid concerns over US President Donald Trump’s unpredictable tariff policies, the Telegraph reported on Friday.
Germany, Gold, International Finance, Economics, Politics
14 points by geox 19 days ago | 0 comments
Germany may pull gold reserves from New York (cnbctv18.com)
Germany is considering the removal of its gold reserves stored in New York due to concerns over US President Donald Trump’s policy unpredictability, Yahoo News reported, citing German publication Bild.
Germany, Gold Reserves, Geopolitics, International Finance
11 points by ArtTimeInvestor 19 days ago | 1 comments
Dollar Dominance in Peril: China's Digital RMB Settlements Now for 200 Countries (the420.in)
In a move shaking the very foundations of global finance, the People’s Bank of China has launched its full-scale digital RMB cross-border settlement system, now seamlessly connected to the ten ASEAN nations and six Middle Eastern countries.
International Finance, China, Digital Currency, Global Trade
15 points by TaurenHunter 19 days ago | 1 comments
Exorbitant Privilege (wikipedia.org)
The term exorbitant privilege (privilège exorbitant in French) refers to the benefits the United States has due to its own currency (the US dollar) being the international reserve currency.
Economics, International Finance, United States
42 points by niklasbuschmann 27 days ago | 4 comments
Rights groups urge IMF to address corruption in Covid-19 emergency funding (cgtn.com)
A group of civil society organisations from across the world called on the International Monetary Fund to include anti-corruption measures in all its COVID-19 related emergency funding.
International Finance, Corruption, COVID-19, Civil Society, IMF
17 points by wallbrownf 181 days ago | 2 comments
As world debt hits $100T, IMF warns deficit must be brought under control (politico.eu)
The debt owed by governments around the world will surpass $100 trillion by year-end and is an increasing threat to the global economy, the International Monetary Fund warned on Tuesday.
Global Economy, International Finance, Debt, IMF, Government Spending
8 points by hhs 191 days ago | 4 comments
The Double Irish Dutch Sandwich: End of a Tax Evasion Strategy (conversableeconomist.com)
I wrote a decade ago about the Double Irish Dutch Sandwich, a strategy for corporations to evade taxes that was widespread and large-scale enough to come to the attention of the International Monetary Fund. But due to various changes in national and international tax agreements, the strategy seems to have faded substantially.
Tax Evasion, International Finance
241 points by speckx 221 days ago | 238 comments
Fossil Fuel Subsidies Surged to Record $7T (2023) (imf.org)
Fossil Fuels, Economics, Climate Change, International Finance
12 points by julienchastang 240 days ago | 0 comments