LONDON, July 27- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. July 27: European Commission President Jean-Claude Juncker appears to be in no mood to give Britain an easy time in the Brexit negotiations. Then comes a dire report from the... » Read More
Will the last Portuguese out please turn off the light? Falling salaries and record unemployment are prompting many to emigrate. Oil-rich Angola is a major destination, the Global Post reports.
Germany's conservative coalition is pushing to pay moms who stay home to care for children ages 1 to 3. Opposition parties are outraged, calling the plan an antiquated take on family politics.
Declining volumes on global stock markets appear to show that real money trading activity is at decade lows, according to a new report from Credit Suisse, and investors believe volumes will stay low for two more years unless global resolutions to the risks of the economic crisis are found.
It’s not all doom and gloom for Europe’s car industry. Although continental European auto car makers are facing strong headwinds from the euro zone’s economic woes, the industry in the U.K. is flourishing and has managed to remain unaffected.
German Chancellor Angela Merkel said Thursday Germany is committed to do everything they can to maintain the euro and renewed her call for fiscal discipline by praising Canada for not "living on borrowed money" and saying it should serve as a model for Europe.
“The best laid plans are laid to waste” so the saying goes, and according to the latest report from Nomura, plans by Germany and the European Central Bank (ECB) to stabilize and indeed salvage the euro zone are in serious jeopardy.
China’s sluggish growth and contractions in oil supply and demand should be enough to convince oil market bulls that the oil rally can’t continue for long, Neil Atkinson, Director of Energy Research and Analysis at Data Monitor, told CNBC.
The U.S. may have committed a strategic error in not recognizing Turkey as a geographic bridge and trade center earlier.
Turkey’s roaring economy has earned it the nickname “New Tiger” among foreign investors -— who are pouring money into the country.
Ankara’s effort at energy self-sufficiency will mean dishing out big contracts without offending any of its major trade partners.
Dominated by a highly-regarded banking sector and flourishing consumer goods industry, Turkey’s stock market is easy for foreign investors to access.
Banks complain that tighter regulation means that too much capital is tied up in regulatory funds and not enough gets to consumers. But they should get used to it as this is the “new normal” if we want economic growth, Professor Andrew Sentance, senior economic adviser at PricewaterhouseCoopers (PwC) told CNBC.
Another day, another prediction of a Greek exit from the euro zone. But unlike the vast majority who give a medium term timeline for a "Grexit", one strategist told CNBC it could come as early as next month.
Iran has struggled to find a reliable consumer base given international sanctions pressure, and its recent production levels suggest the Islamic republic is retreating somewhat from the international energy sector.
A recent gathering in Maine at the invitation of David Kotok of Cumberland Advisors, over 30 financial experts shared their views about the near term economy, writes William Dunkelberg, Economics Professor at Temple University.
The euro is “irreversible,” but leaders must implement changes to prevent the euro zone debt crisis from cascading across the continent, Olli Rehn told CNBC Tuesday.
Though other parts of the continent are improving, Greece actually is worse up close than it appears from the outside, investor Wilbur Ross told CBNC.
Germany’s reputation as the healthy man of Europe has been reinforced by better-than-expected growth in gross domestic product for the second quarter, as growth contracted in the broader euro zone.
The euro currency could face significant negative pressure as fears that the stagnating euro zone crisis continues unabated and global economic growth remains muted according to analysts.