Recent Posts

Will negative interest rates work in the UK?

The UK is looking for ways to set itself apart from its European neighbours after Brexit. On monetary policy, however, Britain could soon become more European. The Bank of England is studying the possibility of cutting interest rates below zero, as central banks in Denmark, Sweden, Switzerland and the euro zone have all done in the recent past. Policy makers ...

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Democrats are now the pro-business party

In a week when Democrats won two US Senate seats in Georgia to gain control of Congress, financial markets affirmed a view already prevalent on Wall Street: that Democrats are the best party to get the economy out of its growth slump. This is a shift from prior decades because of the specific circumstances of the economy in 2021. And ...

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SAS chief unexpectedly bolts at ‘critical’ time for airline

Bloomberg SAS AB is unexpectedly losing its chief executive officer, leaving Scandinavia’s main airline to search for a replacement with the industry going through an unprecedented crisis. CEO Rickard Gustafson is leaving to take the top job at Swedish industrial giant SKF AB, according to a statement. The 56-year-old, who has spent a decade at the helm of Stockholm-based SAS, ...

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