Author Archive: Economist

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On May 16th Callum Williams, our Britain economics correspondent, was named joint winner of the Young Financial Journalist of the Year at the Wincott Awards, an annual set of prizes for British journalists.

May 17, 2018 | By | Reply More
Portugal’s energy giant may sell to a Chinese state-owned utility

Portugal’s energy giant may sell to a Chinese state-owned utility

SHOULD Europeans worry that China Three Gorges (CTG), a state-owned firm, wants to buy EDP, a utility that is Portugal’s biggest company? It is three years since one local banker, Fernando Ulrich, called Portugal “a Chinese aircraft-carrier in Europe”—back then, Chinese buyers were already snapping up stakes in “strategic” local companies as quickly as the […]

May 17, 2018 | By | Reply More
How a few companies are bitcoining it

How a few companies are bitcoining it

IN A recent video Jeremy Sciarappa, a YouTuber, flips the lid off a red box in his living room to reveal a silver machine the size of a shoebox, whining noisily. The contraption is an Antminer S9, sold by Bitmain, a Chinese firm. Its job is to help validate transactions conducted in bitcoin, the world’s […]

May 17, 2018 | By | Reply More
Lawmakers are trying to curb contracts that make it harder to change jobs

Lawmakers are trying to curb contracts that make it harder to change jobs

IN 2011 Kathleen started work at an insurance-and-benefits consultancy in Boston. A couple of years later the firm gave her an ultimatum: sign a “non-compete” agreement within 30 days or wave goodbye. She signed, which meant that, if she left, she would be barred for three years from working for a rival or any firm […]

May 17, 2018 | By | Reply More
For European firms, resisting American sanctions may be futile

For European firms, resisting American sanctions may be futile

“DONALD TRUMP is the sort of guy who punches you in the face and if you punch him back, he says ‘Let’s be friends’. China punched back and he retreated. The Europeans told him how beautiful he was, but they got nothing.” This is how an American official-turned-executive describes the latest twists in the Trump […]

May 17, 2018 | By | Reply More
How Turkey fell from investment darling to junk-rated emerging market

How Turkey fell from investment darling to junk-rated emerging market

MANY of the most famous hedge-fund trades have been bets that things were about to go wrong. Think of Enron’s bankruptcy or the souring of subprime mortgage bonds in America. The best trade made by “the Professor” was very different. It was a bet that something was starting to go right. Get our daily newsletter […]

May 17, 2018 | By | Reply More
A Samsung executive is accused of union-busting

A Samsung executive is accused of union-busting

ON THE face of it Samsung, South Korea’s biggest chaebol, as the country’s family-controlled groups are known, has had a good couple of months. In April it was name-checked in a report by the country’s antitrust body for good progress on corporate reform. It also posted record profits for the fourth quarter in a row, […]

May 17, 2018 | By | Reply More
World economic growth is slowing. Don’t worry—yet

World economic growth is slowing. Don’t worry—yet

IN 2017 the global economy broke out of a rut. It grew by 3.8%, the fastest pace since 2011. Surging animal spirits accompanied a rebound in business investment across the rich world. Global trade growth rose to 4.9%, also the fastest rate since 2011. Emerging-market currencies appreciated against the dollar, keeping inflation low and debts […]

May 17, 2018 | By | Reply More
Pension bonds are an ingenious idea for providing retirement income

Pension bonds are an ingenious idea for providing retirement income

WHEN people stop working, they need a retirement income. Some are lucky enough to have an employer-provided pension linked to their salary. Everyone else faces a difficult choice. Some keep their pension pot in cash and watch as it is eroded by inflation. Others use savings products with high fees and risk being hurt by […]

May 17, 2018 | By | Reply More
A WTO ruling on aircraft subsidies raises the risk of a tariff war

A WTO ruling on aircraft subsidies raises the risk of a tariff war

THE manufacture of airliners may be the world’s most globalised industry. Only two firms make big civil jets: Boeing of America and Airbus of Europe. Most of their revenues—55% for Boeing and 70% for Airbus—are earned outside their home territory. Both source parts from dozens of countries. But a ruling by the World Trade Organisation […]

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