Recent Posts

European car sales head for flat year despite boost in November

Bloomberg European car sales rose 4.5% in November, the third straight monthly gain for automakers that have been battered all year by economic woes, trade wars and a broader industry slowdown. The monthly rise wasn’t enough to turn the year around so far, with cumulative sales since January still down 0.3%, the European Automobile Manufacturers Association said. Four of the ...

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Boris bounce won’t save Christmas for UK retailers

Brits haven’t felt very much like shopping this year, and understandably so. There’s been political gridlock and upheaval, the repeated threat of a hard Brexit and an election in December for the first time since 1923. No wonder despite strong employment, and wage growth outpacing inflation, UK consumers have been acting as if they’re in a recession. As a result, ...

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WTO paralysis means law of jungle

A core function of the World Trade Organisation (WTO) — founded in 1995 to govern the rules of trade between 164 countries — ground to a halt. The reason for that was US President Donald Trump, who has never really had much time for multilateral institutions. The WTO has been on his hit-list for some time as an entity that ...

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