The boom in digital trade: how data are replacing physical goods
By 2025, cross-border data flows could be worth $20tn, more than current global trade in goods. But as the FT’s world trade editor Shawn Donnan explains, that will likely bring increased cyber risks, and governments are taking measures to combat the challenges.
Over the past 12 months Covid-19 has curtailed countless business activities, but not money laundering. The UN estimates some $1.6tn is laundered every year, and authorities say lockdown measures have presented criminals with even greater opportunities...
A number of governments, central banks and even some economists now advocate a switch to all-digital currencies. With the rapid rise of mobile payments, the long-term survival of cash seems precarious.
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries.
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