On the eve of Brexit, UK economy appears quite strong

The likelihood of a vote in favor of the United Kingdom (UK)’s exit from the European Union (EU) was expected as an obvious disaster for 99% of economists, analysts and bankers. In June 2016, the UK did vote for the Brexit, launching a complex unprecedented...

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Gordmans Stores filed for Chapter 11

Apparel and home décor retailer Gordmans Stores, Inc. (GMAN) announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Nebraska. Founded in 1915, Gordmans currently operates […]

US CEOs’ optimism reached new high

United States’ CEOs’ plans for hiring and investment, and expectations for sales over the next six months jumped sharply with the largest increase since the fourth quarter of 2009, according to the Business Roundtable first quarter 2017 CEO Economic Outlook Survey. CEOs project 2.2 percent […]

Christine Lagarde defends globalization

In an interview with the daily newspaper Le Parisien, IMF Managing Director Christine Lagarde defended the positive role of globalization in the fight against poverty, believing that the former has allowed a significant reduction in the latter, lifting close to 300 million people out of […]

Towards 4 rate hikes by Yellen’s Fed in 2017?

The US labor market figures are so good that they would already meet the criteria set by the Federal Reserve (Fed) to define a situation of “full employment”. With 235,000 jobs created and a 0.2% increase in the average hourly wage in January 2017, the...

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81% of Airbnb business isn’t home sharing

The home-sharing platform Airbnb is allowing “commercial operators to run (…) illegal hotels in neighborhoods across the country,” Katherine Lugar, president and CEO of the American Hotel & Lodging Association (AHLA), said. A new study, Hosts with Multiple Units – A Key Driver of Airbnb […]

1 equals 4.6 for Trump infrastructures?

According to the Washington Post, the Trump administration promises to pump USD 1 trillion into improving the country’s crumbling infrastructure, but a benchmark report says it will take almost USD 4.6 trillion over the next eight years to bring all those systems up to an […]

No more cash transactions in EU?

“Existing national restrictions on cash payments vary widely. The higher the threshold, the more the convenience of cash transaction is preserved, but the higher the risk that criminal cash transactions fall through the net,” said an assessment by the European Commission (EC) that is studying […]

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