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An unruly OPEC is causing problems for Russia and Saudi Arabia

The november meeting of the Organisation of the Petroleum Exporting Countries and its partners (opec+) was meant to be a staid affair. Instead, the summit was first pushed back from the 26th and then

Finance

How much cash should be removed from the financial system?

The world is still, in a sense, swimming in cash. Or at least the electronic equivalent: central-bank reserves. The Bank for International Settlements (BIS), a club of central banks, estimates that th

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