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Bloomberg Facebook Inc said it removed 559 pages and 251 accounts that were coordinating the spread of misinformation and spam in the US — and most originated from within the country. The social network, which has been under fire for facilitating foreign interference in US politics, has found that domestic actors have also been creating fake pages and accounts to ...
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October, 2018
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20 October
US consumer sentiment eased in October: Report
Bloomberg US consumer sentiment unexpectedly dipped in October to a still-elevated level amid slightly dimmer views of personal finances and the long-term economic outlook, a University of Michigan report showed. This week’s sharp drop in US stocks overlapped with survey interviews by only one evening, “having virtually no influence on the early October data,†according to the report. The poll ...
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20 October
Sears liquidation would cost Seritage income
Bloomberg A Sears liquidation would cost its real estate spinoff 47 percent of its annual rent income, or about $84 million in cash flow, according to regulatory filings. Seritage Growth Properties, a real estate investment trust, was created in 2015 by Sears Chief Executive Officer Eddie Lampert to be the property owner and landlord for select locations of Sears and ...
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20 October
Dirty money, fraud and tax evasion hit Denmark
Bloomberg A series of major scandals in Denmark is testing its status as one of the world’s least corrupt nations, with Transparency International warning that its image may now be at risk. The Scandinavian nation known for its love of bikes, equality and welfare has more recently been associated with money laundering, tax evasion and embezzlement. The development should force ...
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20 October
Brexit risks cut Britain’s ad growth to slowest in 3 years
Bloomberg Growth in UK advertising budgets has slowed to its weakest in 2 1/2 years as Britain struggles to define its future relationship with the European Union. The proportion of companies increasing their ad spending exceeded those scaling it back by 2.5 percentage points in the third quarter of 2018, down from a 6.5 point margin in the second quarter, ...
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20 October
Italy’s economic growth is almost non-existent
Just when it seemed safe not to worry about the next financial crisis, up pops Italy. “In Italy, lavish plans may propel next crisis,†warned The New York Times. Or, “Italy’s budget rattles financial markets on debt crisis fears,†said Sky News. Exactly how a crisis might emerge isn’t clear. Would Italian interest rates soar, reflecting fears that the country ...
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20 October
Netflix is spoiling viewers rotten
Netflix Inc. has spoiled us. It accustomed viewers to the prospect of a relatively cheap video service without advertising interruptions and with what feels like an unlimited assortment of TV shows and movies that can be watched at any time. It did this at the expense of an economic business strategy, prioritising customers over profits. Whether Netflix’s approach is viable ...
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20 October
For Nestle and Unilever, no news is good news
No news can sometimes be good news. Unilever and Nestle, two of Europe’s biggest consumer giants, managed to report sales growth that broadly matched analyst estimates.That was exactly what they needed: both are vulnerable if they stumble. A misstep at Nestle could strengthen the hand of an activist investor; at Unilever, it could attract one. The pair is struggling with ...
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20 October
Trump is right to confront China’s postal subsidy
President Donald Trump has been known to exaggerate what he sees as China’s unfair advantages in trade with the US, and to unproductively escalate tensions between the two countries. But with his latest complaint, having to do with the seemingly trivial matter of global postal fees, Trump has highlighted an unfair imbalance between the two nations that should be relatively ...
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20 October
Trump offers Brexiters a big trade-shaped gift
US Trade Representative Robert Lighthizer has sent a gift to Brexit supporters. His letter notifying Congress that the Trump administration plans to seek a “cutting-edge†free-trade deal with the UK was music to the ears of those who have long argued that leaving the European Union will allow Britain to pursue an ambitious policy of bilateral trade deals. Getting such ...
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