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Chicago Tribune (October 4)

2019/ 10/ 06 by jd in Global News

“The jobs figures carry more weight than usual because worries about the health of the U.S. economy are mounting. Manufacturers have essentially fallen into recession as U.S. businesses have cut spending on industrial machinery, computers and other factory goods. And overseas demand for U.S. exports has fallen sharply as President Donald Trump’s trade conflicts with China and Europe have triggered retaliatory tariffs.”

 

Deutsche Welle (July 24)

2019/ 07/ 26 by jd in Global News

“A record high temperature in Germany is forecast to stand for only a day as Europe’s second summer heat wave bites. Ships have been stranded, rail travelers urged to delay trips and tigers fed chicken ice blocks.” With much of Europe, Germany is sweltering in the record heat wave.

 

Wall Street Journal (July 7)

2019/ 07/ 09 by jd in Global News

“Germany’s economic slowdown, though no doubt bad for Europe in the short term, could be helpful over a longer period by easing a rift between the region’s economically stronger north and weaker south over pro-growth policies.”

 

Bloomberg (June 10)

2019/ 06/ 12 by jd in Global News

“Pity Europe’s banks. For years, they have been in retreat, losing business in their own back yards to Wall Street rivals. Now the battlefront is shifting – but what looks like an opportunity to gain ground may be just the opposite…. Shackled by sluggish economic growth at home and record-low interest rates that are crushing margins, European firms have been unable to compete with U.S. rivals in trading and capital markets. Those same dynamics look set to play out again in transaction banking,” which is set to displace fixed income as the largest revenue driver by 2020.

 

Reuters (June 4)

2019/ 06/ 05 by jd in Global News

“A Swedish-born anti-flying movement is spreading to other European countries.” The International Air Transport Association (IATA) is “shrinking its carbon footprint” and working to avoid stigma with a sustainability plan that “is among the most ambitious and globally focused of any industry.” Carbon emissions have roughly been halved for flights since 1990, “largely thanks to more fuel-efficient aircraft.” For the moment, however, “trains are benefiting from the anti-flight movement.”

 

EU Politico (May 27)

2019/ 05/ 28 by jd in Global News

“Phew. Turns out the bark of Europe’s far right is worse than its bite. Yes, illiberal parties did well in France and Italy, Poland, Hungary and beyond. But overall no better than expected, and in some cases worse so…. That’s good news for Europe’s democratic parties and even better news for the European Union.”

 

Bloomberg (May 23)

2019/ 05/ 24 by jd in Global News

“Japan is beginning a major and unprecedented exercise.” Though “new immigration will help keep Japan’s economy and pension system afloat, it will inevitably introduce social strains.” Time alone will tell “whether the country’s culture and institutions will be able to learn from Europe’s experience and manage a smooth transition, or whether immigration will spark a nativist backlash that closes the country off once again.”

 

Reuters (March 25)

2019/ 03/ 26 by jd in Global News

“Downbeat data from the US and Europe, combined with a cautious tone from the Federal Reserve, frightened investors last week. The first inversion in the US bond yield curve since 2007 also heightened concerns, by raising fears of a recession in the world’s largest economy.”

 

Forbes (February 18)

2019/ 02/ 20 by jd in Global News

“Drawn by generous incentives and the opportunity to sell directly into a unifying Europe, the car industry became a poster child for inward investment.” Now the survival of this industry in the UK is at stake. Honda’s scheduled plant closing “comes after last month’s announcement of up to 4,500 job losses at Jaguar Land Rover and news that Nissan’s new X-Trail model is to be made in Japan, not Sunderland.” Furthermore, “Toyota and Ford have warned of negative consequences in the case of Britain editing the European Union without a negotiated deal.”

 

Bloomberg (January 25)

2019/ 01/ 27 by jd in Global News

Europe’s General Data Protection Regulation (GDPR) is “ridiculous” on many fronts, but France’s recent $57 million fine of Google suggest much worse.   If they are merely making “an example of Google,” this suggests “Europe intends to wield these rules — as it does so many others — to punish Silicon Valley giants and protect local rivals.” If on the other hand, they are planning to hit every company with crushing fines, that suggests even worse.

 

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