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Mario Draghi’s warning to Europe is right on

Eu summit in brussels

As the European Union’s leaders gather in Brussels to take stock of the bloc’s response to the Covid-19 pandemic, the feel-good narrative is gathering steam. The shambolic start to vaccine distribution is a distant memory, with about half the EU’s population having received at least one dose. Cafes, restaurants and retailers are filling up again in Paris, Berlin and Rome ...

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A gentle reminder on shrinkflation!

Coronavirus outbreak in the usa

How will we know if inflation is making a comeback? Most economists are focused on the price of commodities, wages, and other basic goods and services. But history suggests they might want to keep an eye on a related phenomenon that often escapes notice: so-called “shrinkflation.” This practice became increasingly common in the 1960s and 1970s, when manufacturers confronting runaway ...

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Credit Suisse’s new boss should scare ‘bankers’

A company’s reputation is to all intents largely perception — but to get it to a better place, the reality has to be somewhat altered. No major bank’s reputation this year has suffered more this year than Credit Suisse Group AG. Incoming chair Antonio Horta-Osorio is tasked with restoring the Swiss institution to its former poise. But he doesn’t actually ...

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