Welcome to a new era of petrodollar power
What are the hundreds of billions of oil riches being spent on?
A pack of hungry headhunters has descended on Europe’s financial quarters. Over coffee in the mid-morning lull, they tempt staffers at blue-chip investment funds with tax-free jobs, golden visas and gorgeous vistas at the firms’ clients: sovereign-wealth funds in the Gulf.
This article appeared in the Finance & economics section of the print edition under the headline “A new era of petrodollar power”
Finance & economics April 15th 2023
- Welcome to a new era of petrodollar power
- After decades of stagnation, wages in Japan are finally rising
- Where did woke ideas start to spread?
- Life is getting tough for borrowers. Where will the pain be felt?
- More and more Americans are gaming the deposit-insurance system
- What luxury stocks say about the new cold war
- How the state could take control of the banking system
From the April 15th 2023 edition
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