The Driverless Dream

The year 2023 has not been favourable for the global economy as well as the banking industry. While inflation has been a major issue since 2022, it is finally showing signs of cooling off, but not at the rate expected by central banks. Additionally, there have been numerous bank collapses, including some of the premier regional lending bodies in the United States such as Signature Bank, Silicon Valley Bank, Silvergate Bank, and First Republic Bank, which have collapsed like a pack of cards.

Is the banking system in the world's largest economy considered safe? Unfortunately, the answer is no. Throughout history, the country has faced financial crises resulting from trade disruptions and job losses that arise from the catastrophic bankruptcies of lending institutions.

In 2023, there has been a trend called 'Dedollarisation' where countries are moving away from using the US Dollar for their foreign trade. The Chinese Yuan has become a popular choice for bilateral transactions, with even the regional bloc BRICS considering the possibility of creating its own currency specifically for trade-related transactions among its member nations.

In this edition, we also present an extensive assessment of the most recent technological developments, encompassing captivating topics such as eSIM and gene editing.

This July-August 2023 issue of International Finance Magazine will feature the cover story 'The Era of Driverless Cars Dawns.' The article will explore the growing phenomenon of driverless cars, which are fast becoming the standard in the transportation sector. With artificial intelligence becoming the heart and brain of these cars, our cover story will explore this groundbreaking innovation in detail, highlighting the unique benefits it presents, including enhanced safety, efficiency, and convenience.

editor@ifinancemag.com www.internationalfinance.com