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Spain’s jobs miracle is under threat

The euro zone’s response to the sovereign debt crisis is usually associated with austerity. Yet some member nations have forged their own path: Spain and Portugal, for example, overhauled their labour and product markets, helping them return to growth. Now, these structural reforms are under threat in Madrid, as a left-wing coalition of the Socialist Party and Podemos wants to ...

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Takeovers alone can’t fix active fund industry

Jupiter Fund Management Plc is getting something of a bargain in its purchase of Merian Global Investors, based on the post-announcement pop in the acquiring firm’s share price. Odd, then, that the deal has a clause that could see a dramatic drop in the takeout price if the target firm stumbles in the next two years. Jupiter is paying 370 ...

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Take coronavirus, add a trade war and raise taxes

One of the world’s most pivotal economies is reeling from a self-induced policy mistake. Japan is now paying the price for last quarter’s consumption-tax hike, just as it begins to wrestle with the impact of the coronavirus. Japan’s gross domestic product tanked 6.3% in the final three months of 2019, the Cabinet Office said, almost twice the drop economists anticipated ...

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