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Otaviano Canuto: Shapes of the Post-Coronavirus Economic Recovery
Data recently released on the first-quarter global domestic product (GDP) performance of major economies have showed how significant the impact of COVID-19 has been on economic activity and jobs, with large contractions across the board. The ongoing global recession is
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Caught in a Bind: Tax Avoiders Excluded from Corona Relief Funds
Consider a company that has furloughed a quarter of its workforce, and now intends to fire these 1,100 workers, all the while screaming for the UK government to throw it a £150 million lifeline yet unwilling to scrap a £267
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A Famine of ‘Biblical Proportion’
The worst humanitarian crisis since the end of World War II. That is how World Food Programme (WFP) Executive Director David Beasley described the impact of the corona pandemic on vulnerable people in countries suffering war and drought. According to
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Optimism in the Face of Disaster
Xavier Becerra Don’t apply for benefits, ask for a job. US unemployment centres are now hiring. In a single month, a virus invisible to the naked eye has wiped out a decade’s worth of job creation. In April, more than
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A Troubling Edict from Karlsruhe
The European Union is facing the sharpest contraction of economic output since its founding in 1957. This year, the EU’s GDP is set to shrink by 7.4 percent. The steepest declines occur along the northern rim of the Mediterranean in
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Private Equity Takes Care of Its Own
The creativity displayed by private equity fund managers when snapping up companies and squeezing out profits has apparently evaporated into thin air. The industry claims to have no clue how to help the companies sitting on its books. Most of
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Schalke 04 Fighting for Its Life and Soul
Ausgliederung. What wrecked the deep emotional bond between British football fans and their club is now coming to Germany: The privatisation of the beautiful game. Diehard supporters would probably prefer to describe the trend as a ‘corporate sell-out’ that changed
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Spain NAB: Setting Agenda for Spanish Impact Investment Market
At an estimated €90m[1], Spanish impact investment is considered an incipient market by European standards[2], well behind Germany, France, Italy and even Portugal. This market counts 14 impact funds[3], and has been developing slowly over the past 10 years out
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When Even Warren Buffett Is Clueless
You can bet on America, says Warren Buffett, before admitting that even he does not know what comes next. The phrase that defined this years’ Berkshire Hathaway shareholder meeting was ‘I don’t know’. One of the world’s wealthiest self-made men
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SBM: Island Nation’s Bank Group Goes From Bit Part to a Starring Role
SBM — aka the SBM Group, previously known as the State Bank of Mauritius — is a major player by any name. The publicly listed company, the second-largest bank in Mauritius, has successfully positioned itself on the regional market. Over
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