After nearly seven years from the end of the deepest global financial crisis of the postwar period, growth continues to be slow and uneven in advanced countries and falling in most emerging markets. There is even the risk that the world may be drifting toward a new global financial crisis.
"Now is the time to be pragmatic." Wolfgang Schaeuble, the German finance minister, chooses an interview with the Welt Am Sonntag to return to thunder against the EU Commission and, without naming it directly, its president, Jean Claude Juncker. "If you do not want to get all 27 together from the beginning, then we'll start with a few. If the Commission is not part of it, then we will take matters into our own hands and solve the problems between the governments," Schaeuble said, noting that after the Brexit vote on this "is not the right time for big visions. The situation is so severe that you must stop playing the usual games of Europe and Brussels."
Italy is ready to challenge the European Union and unilaterally injected billions of euro in its banking system in trouble if you were to record serious systemic tensions. An article in today's front page of the Financial Times, citing several anonymous sources between officials and bankers, said that Matteo Renzi, President of the Italian Council, is determined to intervene with public funds if needed despite warnings from Brussels and Berlin on the need to respect the rules stipulate that banks should be saved from creditors rather than by taxpayers.
To restructure Volkswagen after dieselgate "it will take about two generations of vehicles" about fourteen years: this is the judgment of Herbert Diess, CEO of Volkswagen home. The manager, in an interview with the Süddeutsche Zeitung, claims that the company now focuses "on where we need it or not we must invest in the future, with particular reference to innovation" with regard to electric cars and their batteries, explains Diess, "account for between 30 and 50% of the value of the vehicle."
After rumors of recent weeks, the official approval has arrived: Abu Dhabi will have a new banking giant 175 billion dollars of assets. NBAD and First Gulf Bank, respectively the second and the third largest bank in the UAE, today approved their merger. In a joint statement the two banks explain that the merged bank will be the largest in the Middle East and North Africa. The transaction, which will be completed in the first quarter of next year, will lead to the cancellation of the First Gulf Bank name from the register of the Abu Dhabi stock exchange values. The new institute will be named National Bank of Abu Dhabi, although FGB shareholders will have a majority with 52% of capital.
EasyJet has applied for an air operator certificate of the European Union to continue to fly in all EU countries without restrictions that will affect carriers in the UK after the Union output. The airline low cost, in a statement, announced that it has begun a formal procedure for obtaining an air operator's certificate (COA) to maintain the 'status quo European'. "EasyJet - it says - is lobbying the UK government and the European Union to ensure its ability to continue to operate in a fully liberalized and deregulated market in the UK and Europe as it is today."
"I will put an end to free movement", it is the first point of the program Michael Gove, the British Justice Minister and candidate for the Tory leadership. "I will introduce a point system to the Australian and I will make the numbers" of immigrants. Gove, in the presentation speech, commended the prime minister resigning David Cameron and the chancellor of the Exchequer, George Osborne that the UK economy "is based on solid foundations."
AstraZeneca has reached agreement to sell the Danish Leo Pharma licenses for two drugs for the treatment of skin diseases by canceling the contract signed in September last year with Valeant. Leo Pharma will acquire the rights of tralokinumab, new drug used to treat inflammatory atopic dermatitis, paying $ 115 million immediately to AstraZeneca and up to 1 billion to the achievement of certain sales targets (as well as a percentage of royalty).
Slight improvement in the labor market of the Eurozone, which sees unemployment down slightly. It's the best figure since July 2011, since before the euro crisis season opened from the shock of sovereign spreads. According to the Institute of Statistics of the European Union (Eurostat), in May, the unemployment rate fell to 10.1% compared to 10.2% registered in April, resulting in improvement even compared with 11% in May 2015 . Analysts' expectations were spot on which indicated 10.1%.
Criptovalute e Blockchain Possiamo ignorarle? Rischi e opportunità dietro al boom delle monete
Blockchain & Bitcoin Conference is a series of blockchain events held in Russia, Ukraine, Netherland
The Lead Quantitative & Asset Management Event in Europe
Das Swiss Funds & Asset Management Forum ist die national führende Konferenz der Fonds- und Asset M
Seize the opportunity to get up to date on the topics of secondary buyouts, the real estate bubble,
Updates and news from MarketPlus