FEW firms have more power to heat up the cauldron of global geopolitics than Gazprom, the state-backed Russian energy producer. It supplies more than a third of the natural gas that Europeans use for power generation, heating and cooking, creating what many—especially Americans—see as an unhealthy dependence (see chart). It has used its strength to bully countries which are out of favour with the Kremlin, such as Ukraine and Poland. And it is engaged in a growing rivalry with American exporters of liquefied natural gas (LNG) to Europe and China,…
Category: Economy News
Customers want trust, but do they also want brands?
A campaign to encourage customers to ‘Own Your Banking’ launched this week Source link
Deutsche Bank looks to cut 10,000 jobs to reduce costs: WSJ
FRANKFURT (Reuters) – Deutsche Bank is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday. Source link
Why the Property Industry Isn't Buying WeWork
WeWork has convinced tech investors that short-term office rentals are the next big thing, and well worth a high price. Savvy real-estate investors also like that business, but not at WeWork’s valuation. Source link
Wall Street opens lower as optimism over trade talks recedes
(Reuters) – Wall Street slipped at the open on Wednesday as U.S. President Donald Trump cast fresh doubts over current U.S.-China trade talks and investors awaited a Federal Reserve report for cues on pace of future interest rate hikes. Source link
Markets may be underpricing climate-related risk
AS A citizen, Dave Jones worries that climate change may imperil his two children, and theirs in turn. What exercises him, as California’s insurance commissioner, is the way in which a transition to a low-carbon economy might affect the financial health of his other charges—the state’s 1,300-odd insurers. On May 8th Mr Jones unveiled an examination of how well the investment portfolios of the 672 insurers with $100m or more in annual premiums align with the Paris climate agreement of 2015, in which world leaders vowed to keep global warming…
African nations’ debt costs at levels last seen before write-offs
Historic debt forgiveness programme ‘has failed’, says rating agency S&P Source link
Facebook’s Mark Zuckerberg Gets an Earful From the E.U.
The chief executive had initially resisted meeting with European authorities, who have emerged as the world’s most assertive watchdog of the technology industry. Source link
Campaign tackles first time investors
A new marketing campaign has been designed to arm brokers with the tools to work with novice property investors Source link
The Penney Drops
The surprise departure of J.C. Penney’s Chief Executive Marvin Ellison just days after the company reported weak results suggests that the retailer may not be capable of turning itself around. Source link