While primarily weak wage growth, which clearly indicated that there was a lack of durability of inflation, caused the underlying inflation trend to remain subdued in the euro area, there was clear improvement in the growth outlook for the euro… Read More ›
Economy & Finance
Gig Economy Crackdown Called For Afresh In UK
British MPs are of the view that workers are being left worse off as the loopholes in employment law are being exploited by firms in the “gig economy”. Two Commons committees say that an “unacceptable burden” of having to prove… Read More ›
Collapse of 3-way negotiations in Germany will have widespread economic consequences for Europe
With major issues facing Germany and the European Union at this critical juncture in history, it is critical that Germany maintains a stable economic outlook. On Monday, German Chancellor Angela Merkel stated, her efforts at forming a three-way coalition has… Read More ›
Looks like Britain is in a hurry to lose its financial clout
Cultivated and cultured for decades, Britain has since long been a center for finance for the world over. If its nonchalant unpreparedness that it has demonstrated in the Brexit negotiations so far is of any clue, it risks losing its… Read More ›
China pushes private investments in its weak manufacturing sector; has global ambition
By placing private funds in its manufacturing sector, which has been traditionally weak at best, China is aiming to capitalize the experience it has gained with its European partners and boost this sector which has been plagued by a host… Read More ›
There Have Been Few Signs Of Progress At NAFTA Talks Even Though Talks Have Been Calmer Than Before
The current round of Nafta talks are proceeding with a certain degree of civility, according to some participants, even though there has not been much progress in the negotiations in Mexico to restructure the pact due to tough stand taken… Read More ›
U.S. Growth Gains Could Result In Fed Four Rate Hike In 2018: Goldman Sachs
Next year, the Federal Reserve would be required to raise rates of bank interest at least four times next year as wages and inflation would be boosted broadly because of the fact that the U.S. economy is going into the… Read More ›
Historic Deals At Dubai Airshow Sees Boeing, Airbus Making Bumper Gains In New Orders
In what was described as “the largest deal in EgyptAir history” by the chairman of EgyptAir, a big fat deal for purchasing 21 Boeing and Airbus planes from U.S. AirCap corporation was signed and announced by both the parties The… Read More ›
BNP Paribas’ chairman dampens merger of Germany’s Commerzbank with France’s BNP Paribas
Despite Jean Lemierre choosing to keep his cards close to his chest, media reports points to a potential merger which could be the choice to safeguard against a potential takeover bid. On Friday, Jean Lemierre, BNP Paribas’ chairman chose to… Read More ›
VW’s board weighs allocation of $82.5 billion across the next 5 years for electric cars
One of the burrs that needs to be ironed out is Lower Saxony’s influence: not only is the state VW’s second biggest shareholder it is also its home state; Brexit related scenarios are also likely to add to the existing… Read More ›