Tag "covid-19"
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Resistance Is Futile as Berlin Backs EU Solidarity
For the third time in her 15-year reign, German Chancellor Angela Merkel has sprung a major surprise and taken the lead whilst others dither. In 2011, she renounced nuclear energy and fossil fuels, promising to put Europe’s largest economy on
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Few Strings in US, Many in Europe
As trillions of dollars and euros were being doled out in state aid by governments and central banks trying to buy their way out of a recession, some of the cash ended in the wrong pockets. This morning, The New
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EU: Stage Set for Clash
The Hague is expected to deploy the biggest gun available to EU member states and roll out its veto to derail a Franco-German plan that introduces eurobonds under a different name. Last week, the Dutch were said to have succumbed
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Business in Times of Corona
Ten weeks ago, CFI.co published a series of five reports on the portent of a novel economic event. Some 70,000 words later, that event has become – not arguably, but factually – the most significant news story of our lives.
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The Value of News
Lee Enterprises for Davenport, Iowa, is a leading US provider of local news. In January, the company paid $140 million to add 31 smaller-circulation newspapers to its burgeoning stable that includes such hallmarks of print as the St Louis Post-Dispatch
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Recession or Depression: Nadir Has Passed, Recovery Delayed
The shape of things to come seems not to resemble the ‘V’ promised early on in the Corona Recession. With a little luck, growth graphs may yet turn into a hesitant ‘U’ shape. Die-hard optimists took heart from the latest
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Money for Nothing
From a mere medium of exchange, money has turned into a pixie dust that, sprinkled liberally, brings economies to bloom and wards off evil thoughts and spirits. The idea that coin is just a more refined and convenient form of
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No Quick Recovery for Europe
Just before the weekend, Germany nosedived into a recession after the Statistisches Bundesamt, the country’s statistics bureau, announced a 2.2 percent contraction of GDP over the first three months of 2020. The economy shrank 0.1 percent in Q4 2019. A
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Sobering Words from Fed Chairman Powell
This morning, investors are taking stock after being administered a measure of sobering realism by Jerome H Powell, chairman of the US Federal Reserve Bank. Exchanges in Asia and Europe opened on a low and showed little oomph as the
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Carmakers Running on Fumes
French car manufacturer Renault can be bought for a mere €5.7 billion, a trifling sum in an environment defined by trillions gushing from central banks and state coffers to troubled businesses. Already before the pandemic hit, the company was suffering.
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