Bloomberg The UK economy could get a 40 billion-pound ($51 billion) boost every year by creating more jobs for young people. That would be the benefit of reducing the percentage of the young not in employment, education or training to a level similar to Germany, a report by PwC said on Tuesday. The UK ranks 19th among the 35 Organization ...

The behaviour of Chinese officials at last weekend’s Asia-Pacific Economic Cooperation (Apec) summit in Papua New Guinea, reportedly barging into the foreign minister’s office to try to cut mildly critical language on trade from a final communique, seemed intended to signal that China won’t budge an inch on US demands. Commerce Minister Zhong Shan has declared that those who assume ...

Liquidity is getting tight in Asia. Leave aside Japan, where the printing presses are still pumping out yen. In rest of the region, central banks’ supply of currency plus bank reserves has shrunk 7 percent in real terms since the dollar began surging in April. This is the steepest contraction in base money since the 11 percent fall between January ...

Last week showed you all you need to know about how traders and investors instinctively react when markets get choppy. They’re dazed, confused and quick to cast blame. Consider when the S&P 500 Index capped a two-day decline of 3.5 percent to close near the lowest level since May. “The stock market has a debt problem,” a Bloomberg News article ...

The fight between Italy and Brussels over Rome’s budget is blamed widely on Italy’s populist leaders, Matteo Salvini and Luigi Di Maio. The two deputy prime ministers have insisted that Rome should run much higher budget deficits over the next three years, in a bid to fulfill their electoral pledges and kick-start growth. A different government would almost certainly have ...

The French presidential cycle goes something like this: euphoria, then disappointment — and then disillusionment, as the pace of reform slows down and popular unrest builds up. The violent clashes at this weekend’s protests show just how accelerated the decline can be once opposition takes root. Emmanuel Macron was supposed to be different. He came to power in 2017 through ...

Two years ago, Thomas Cook Group Plc was Santa Claus, rewarding shareholders with the first dividend in five years. Now it has turned into the Grinch, with an ugly profit warning on Tuesday, and a decision to ditch the payout. The shares fell as much as 33 percent. It’s clearly a very difficult time as the company struggles to cope ...

Who says there is no consensus on Brexit? Maybe not in Westminster, where the UK’s fractious parliament sits; but get a group of business leaders in a room, and suddenly everything looks much clearer: Prime Minister Theresa May’s deal to quit the European Union is workable, but a Labour government under Jeremy Corbyn would, however, be a whole other category ...

Bloomberg US stock futures fell as trade tensions with China flared and investors assessed comments from a Federal Reserve official. Treasuries declined. S&P 500 futures dropped after President Donald Trump threatened China with more tariffs days before a sit-down with his counterpart Xi Jinping. Apple looked set to fall deeper into a bear market as Trump suggested levies on mobile ...

Bloomberg Nasdaq Inc. is moving ahead with a plan to list Bitcoin futures, according to two people familiar with the matter, betting on sustained interest despite the cryptocurrency’s dramatic plunge over the past year. Nasdaq has been working to satisfy the concerns of the US’s main swaps regulator, the Commodity Futures Trading Commission, before launching the contracts, the people said. ...