Recent Posts

Net neutrality war rages on in US

The net neutrality war rages on. Last week Ajit Pai, chairman of the Federal Communications Commission, dismantled rules the Barack Obama administration put in place in 2015 requiring internet service providers to treat all internet traffic the same. Supporters are elated, and opponents are rending their garments: Presumably, then, the decision is of vast significance. Actually, it’s hard to say ...

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Yorkshire pensioners own an A380 superjumbo. Is that wise?

What do German dentists and architects have in common with Yorkshire council workers? Bizarrely, they’re all part-owners of Airbus A380s. Airbus SE is struggling to sell the A380 and a second-hand market hasn’t become established yet. But Airbus isn’t the only one facing a problem: German retail investors and British pension funds have savings tied up in alternative investment vehicles ...

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ECB sends a warning to buyers of bank bonds

For a central banker, nothing beats a (non) decision on interest rates as a way to bury some bad news. Amid the excitement of last week’s meeting of the European Central Bank (ECB), the regulator slipped out some unwelcome changes to its rule-book: banks will no longer be able to use some senior unsecured bonds as collateral when getting funding ...

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