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Like December all over again
The news brief is taking a break until next week Wednesday, May 16, 2012. It’s a day for whining in the country they call Europe. Spending in the UK crashed in April, apart from umbrella sales, which...
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It’s not you, it’s Spain
When you hear people say the eurocrisis is like a constant up and down, then what they really mean to say is that bad things are up and good things are down. Today that means that Spanish and Italian...
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BP’s “culture of corporate recklessness”
There won’t be a news brief tomorrow, Thursday, 6 September 2012. The story of the day is a commodities investigation roundhouse kick involving Shell, BP and Gazprom. The US Department of Justice is...
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US closed for business, Dutch form government
The US is closed until further notice until ‘Sandy’ has blown over. The last time Wall Street closed due to weather conditions, was in 1985 for hurricane Gloria. The decision was based on low expected...
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US to be world’s #1 oil producer; Japan back in recession
The International Energy Agency, IEA, has announced that the US will overtake Saudi Arabia in terms of annual oil production as early as 2017. Older reports had seen Saudi Arabia up on top until at...
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Splitting up – Barclays reconsiders investment bank, Catalonia favors seperatism
Barclays may have to follow the seemingly unavoidable path of European banks and split. The bank’s shareholders have demanded that new CEO Antony Jenkins should let go of investment banking operations,...
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Randomly assembled bad news: EU data, US QE and Japan as a whole
In Germany, unemployment rose for the eighth month in a row, now amounting to 6.9%. Nevertheless, the rate is still around the lowest it has been in two decades. Economic confidence is rising in the...
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US economy shrinks, RIM revives as BlackBerry
So that was quite the surprise. The US economy shrank 0.1% last quarter, while expectations had averaged on 1% growth. This is the first contraction of the economy in three years. To blame are, in...
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Eurozone stuck in recession until 2014 (except for Germany, because they...
It’s a Europe-centric Friday, with breaking news of poor performance all around Europe’s economies – we know, thanks for pointing it out again. The Commission revised its growth expectation for the...
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Banker bonus debate: Why it’s always better to be Switzerland
After the EU’s policy proposal to cap banker bonuses last week, Switzerland voted in a referendum on a similar topic, regarding both [executive] salaries and bonuses. Surprisingly, the result leaned...
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