Donald Trump holds debts at least for $ 650 million, more than double what he had said in a public document presented on the occasion of his candidacy for president of the United States for the Republican Party. According to the investigation of the New York Times, Trump owes part of this sum to a number of foreign entities, including some banks controlled by the Chinese government, which according to some experts would make it vulnerable to the demands of society and American businessmen and foreign, if it were to be elected president.
Switzerland should return attractiveness for foreign companies, as stated by Daniel Küng, CEO of Switzerland Global Enterprise, the newspaper Le Matin Dimanche. The number of settlements in the Swiss nation returns to increase "already this year or next," says the entity responsible for promoting Switzerland's economy. Küng believes that much of the uncertainty of these years are gone or will be in the coming months. It cites the taxation of profits and the end of the possibilities to evade taxes offered to companies by OECD member countries. The competitors of Switzerland can be found at the same level.
Warren Buffett, the Oracle of Omaha, goes against and challenge the world of finance betting on Apple even as large funds in retreat. Through his investment company Berkshire Hathaway, Buffett has increased its stake in Apple by 55% and at the same time announced that it has reduced in Wal-Mart stores, the largest retailer in this world in the portfolio for more than a decade.
Joseph Stiglitz, Nobel prize winner in 2001, thinks that neoliberalism is coming to an end, or better, is dead. And, after having explained to the Financial Times the proposal to divide the eurozone ousting Germany and Greece, the economist explained to Business Insider as the time of liberalism is just about up. This recipe, for so long defined as the best way to stimulate economic growth, enjoyed its golden age in the United States with former Presidents Ronald Reagan and Bill Clinton, and, in the UK, with former British Prime Minister Margaret Thatcher.
Harley-Davidson, the famous motorcycle manufacturer, has signed a plea agreement in the US for a total of $ 15 million to file allegations that the manufacturer of American motorcycles has violated the laws that impose a limit pollution from emissions. According to the Justice Department and the Agency for Environmental Protection (EPA), the group has produced and sold about 340,000 illegal devices called "super tuner" that, once installed, they have allowed motorcycles emit more emissions than those certified. Also, is the thesis of the US government, Harley-Davidson has sold more than 12,000 motorcycles without a EPA certification with which it is ensured that a vehicle meets the required standards.
Uber enters the unmanned car's potential market. The private taxi service operated via app opens in the USA, in Pittsburgh, the first fleet of black cars to autonomous driving. For the marked car sharing, it will be a novelty, because so far had been groups such as Google, Apple, Fiat and Ford have attempted to innovate. It does with Volvo, although the agreement is not exclusive, and at least in this first phase a "human" controller will oversee the journey sitting in the driving seat.
The British return to shopping, driving out the concerns for Brexit. In July, retail sales in the UK in terms of volume, that is based on the amount of goods purchased, they showed a sharp rise of 1.4% on-month from -0.9% the previous month. The figure was better than expected by analysts who had expected a much more modest increase of 0.2%. According to the Office for National Statistics, retail sales on year showed an increase of 5.9% compared to + 4.3% unrevised from the previous month. Also in this case the data is higher than the consensus of + 4.2%.
US November elections are a risk to the global economy. To say it is Moody's in a report entitled "Global Macro Outlook 2016-17 - Emerging market outlook stabilizes, while political risks take center stage". "A shift in US policy which would contribute to weakening the current architecture of global trade and security could have a detrimental impact on global confidence and growth, and we would push to revise our estimates. Despite a global framework for growth to be stabilizing, there are a number of risks to the global economic outlook and the most immediate is associated with the American elections ".
Natural disasters and those caused by man have recorded 6,000 deaths worldwide and caused damage amounting to 71 billion dollars in the first half 2016: 36% more than the previous year. These are the results of the Sigma study released today by the Swiss insurance group Swiss Re. Only natural disasters have caused damage to 68 billion dollars, an increase of 48% compared to 2015. The figure is still well below the average of the last 10 years, which amounted to $ 102 billion while the number of deaths falling.
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