April, 2017

• 24 April

  How to break Europe’s financial ‘doom loop’

    The euro-zone economy is looking a lot healthier. After years of stagnation, growth has finally picked up and unemployment is falling. Fears of a paralyzing bout of deflation have receded as well. Yet there’s a risk of relapse — and Europe’s banking ‘doom loop’ is the reason. Close links between government finances and the banking system were a main ...

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• 24 April

  French voters make clear call for change

    France voted on Sunday in the first round of presidential election which has overturned the country’s traditional politics. The poll took place amid high security, with 50,000 police officers deployed throughout the country. France declared a state of emergency in 2015 following deadly terrorist attacks. It’s not the security concern that makes this year’s election so different from other ...

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• 24 April

  Most workers have held off the machines so far

  

    One of the scariest questions in economics is whether human labor will someday be made obsolete by machines. Consultants and academics put out reports telling you how likely you are to lose your job to a robot. Economists argue back and forth about whether it’s possible for humanity to go the way of the horse. Technology industry leaders boldly ...

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• 24 April

  Clock expires on debt-laden retailers’ borrowed time

  

    It’s been nearly 10 years since the Great Recession zapped consumers’ jobs, 401(k)s and spending, sending retailers into a tailspin and megastores like Circuit City and Linens ‘n Things out of business. For retailers, the mantra became “only the strong will survive.” But here we are, a decade later, and another wave of retailers from The Sports Authority to ...

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• 24 April

  Social networks are becoming too viral!

  

    The man who set up the most popular social network in Russia axed all of his online friends in one fell swoop on Monday. Having them, he wrote, was so 2010. That may be a sign of the times: Predictions from a few years ago that social networks would lose ground to messenger apps appear to be coming true. ...

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• 24 April

  Risk back on as French vote ripples across stock markets

  

    Bloomberg Relief rippled across markets from stocks to bonds and currencies on bets that pro-growth centrist Emmanuel Macron will become France’s next president. Havens including gold, the yen, Treasuries and bunds fell out of favor. Every industry group in the Europe 600 Index rose, volatility fell by a record, and the cost of insuring against losses on French banks’ ...

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• 24 April

  Mobily holds back Saudi stock index

  

    Reuters Saudi Arabian telecoms company Mobily slumped after worse than expected results on Monday, but the market was buoyed by stronger quarterly earnings from the insurance sector, while performance across the rest of the region was mixed. Shares of Etihad Etisalat(Mobily) tumbled 6 percent to 21.05 riyals after it swung to a net loss of 163 million riyals ($43.47 ...

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• 24 April

  Norwegian takes on Asian rivals with $230 fares to Singapore

  

    Bloomberg Norwegian Air Shuttle ASA will fly from London to Singapore beginning this fall, taking on British Airways and Singapore Airlines Ltd. as it expands its long-haul budget services in Asia. Tickets on the new route will start at 179 pounds ($230) one-way, with ‘premium’ seats priced from 699 pounds, Norwegian said in a statement. The service will commence ...

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• 24 April

  EAG appoints new CEO in charge of airline stakes

    Abu Dhabi / Emirates Business Etihad Aviation Group (EAG) on Monday announced the appointment of Robin Kamark as Chief Executive Officer, Airline Equity Partners. Kamark will be responsible for leading and developing the Group’s minority equity investment strategy, which includes stakes in airberlin, Alitalia, Jet Airways, Air Serbia, Air Seychelles, Etihad Regional and Virgin Australia. Reporting to the Group ...

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• 24 April

  Air Berlin on-time performance nosedives

  

    Bloomberg Air Berlin Plc’s service levels have fallen sharply this month in a sign that the unprofitable German carrier is struggling with the process of downsizing into a smaller network airline focused on long-haul services. Just 56.4 percent of Air Berlin flights arrived on time through April 17, the lowest reading in at least 16 months and 30 percentage ...

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