Deutsche Bank’s woes signal the fall of the House of Merkel October 3, 2016 “And the deep and dank tarn closed silently over the fragments of the House of Usher.” – Edgar Allan Poe With mighty Deutsche Bank, the largest lender in Germany and symbol of the country’s economic might, in dire straits, Germans are belatedly waking up to the nightmarish reality that the supposedly masterly inactivity of their wildly [...]
Leaked documents hint at Donald Trump’s tax bill October 2, 2016 Presidential hopeful Donald Trump may have avoided paying Federal taxes for nearly two decades, according to documents seen by the New York Times. The previously undisclosed documents leaked to the newspaper relate to 1995 when Trump reported a $916m (£706m) loss across some of his business interests. The revelations, which Trump's campaign did not confirm or deny, [...]
US Presidential Election 2016: The German government is a little bit worried about Donald Trump October 1, 2016 Donald Trump's controversial bid for the White House has raised eyebrows across the world. But on the European side of the Atlantic, it's been largely a spectator sport as we struggle to understand the American psyche at the best of times (see #Tube_chat), let alone the Republican candidate, whose outrageous campaign techniques seem only to boost his support. However, [...]
Eurozone prices rise at fastest pace in two years September 30, 2016 The slow-and-steady march of higher prices across the Eurozone took another step forward today, as inflation climbed to its highest level in more than two years. Prices across the 19-member single currency area rose by 0.4 per cent in the year to September, according a flash estimate produced by Eurostat. That was up from 0.2 [...]
The new sick man of Europe is the continent’s entire banking sector September 29, 2016 The “sick man of Europe” has been a popular phrase for describing countries in Europe beset by economic woes since the mid-nineteenth century. The UK, Italy, Germany, France and Greece, among others, have all borne this unwanted diagnosis at some point. But in 2016, this moniker can no longer be solely applied at a country level. [...]
US economy set to feast out on super-size food exports September 29, 2016 The US economy is set to come roaring back to life in the second half of the year on the back of a bumper summer food harvest. Figures out this afternoon showed the world's largest economy grew by 1.4 per cent on an annualised basis in the second quarter of the year – a slight upwards [...]
Brexit negotiations will cost UK £1 per person September 29, 2016 Planning for Brexit is set to cost the government £65m a year and will require at least 500 extra civil servants, a Whitehall-watching think tank has concluded. The Institute for Government (IFG) said "time and energy is being wasted on political squabbles and turf wars", and added politicians had no idea how their departments and the civil [...]
Italian PM says David Cameron was wrong to hold EU referendum September 29, 2016 The Italian Prime Minister has blamed David Cameron for losing the EU referendum this morning, but called on the EU and the UK to remain "best friends" after Britain formally leaves the bloc. Matteo Renzi also told the BBC he expects exit negotiations between the two sides to be a "very difficult process" which must be started [...]
British SMEs should focus their attention to America post-Brexit September 29, 2016 Ambitious British small and medium-sized enterprises (SMEs) are taking advantage of the post-Brexit climate by exporting more than ever, according to research from Enterprise Nation. One in five SMEs are now exporting, and out of those who started to do so in the last six months, 91 per cent expect to grow in the next [...]
Trumponomics is big, bold and brash – but less unorthodox than you might think September 28, 2016 Donald Trump is an undoubted political maverick. But is he an economic maverick too? The answer is yes and no. Yes he’s a maverick on trade policy, arguing for the rejection of the Trans Pacific Partnership (TPP) and the renegotiation of the North American Free Trade Agreement (NAFTA). Trump has also called for a 35 [...]