PILOTS are taught that a too-hard landing is better than a too-soft one. A plane can absorb more shocks than one might think, but a runway is only so long. But when it comes to Brexit Britain’s government seems to differ. And as the deadline for Britain’s secession from the European Union approaches, the spectre […]
Read moreU.S. retail sales unexpectedly fell in June for a second straight month, which could temper expectations of strong acceleration in economic growth in the second quarter. The Commerce Department said on Friday retail sales fell 0.2 percent last month, weighed down by declines in receipts at service stations, clothing stores and supermarkets. Americans also cut […]
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Despite weathering a particular nasty political storm in recent months, U.K. leader Theresa May and her weakened government still has many market participants on edge with the potential for another election still a distinct possibility. According to Joan Hoey, the Economist Intelligence Unit’s regional director for Europe, there is “considerable risk of the (U.K.’s) government […]
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British budget airline easyJet said on Friday it would establish a new airline in Austria to protect its flying rights in the European Union once Britain leaves the bloc. The new airline, easyJet Europe, will be headquartered in Vienna. The budget airline must have a licence and an air operator’s certificate (AOC) in an EU […]
Read moreThree attackers opened fire near Jerusalem’s holiest site on Friday, wounding three Israelis, two of them critically, before they were killed, Israeli police said. Army Radio said the shooting took place near the sacred site known to Muslims as Noble Sanctuary and to Jews as Temple Mount. Police said the three attackers were killed by […]
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The head of Russia’s central bank applauded the U.S. Federal Reserve’s moves toward higher, more historically “normal” interest rates, and called on other central banks to follow suit. At the same time, Elvira Nabiullina, governor of the Central Bank of Russia, underscored on Thursday that Russia will continue to ease its own rates. Russian interest […]
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[The stream is slated to start at 12:25 p.m., ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump holds a joint news conference with French President Emmanuel Macron on Thursday as controversy again engulfs his White House. Trump is expected to take questions during his […]
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THE factory of the future will be a building stuffed full of robots making robots. A factory in Amberg, a small town in Bavaria, is not quite that, but it gets close. The plant is run by Siemens, a German engineering giant, and it makes industrial computer-control systems, which are essential bits of kit used […]
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A DECADES-old dream of many low-cost carriers (LCCs), to break into the market for long-haul flights, has also been a long-standing nightmare for executives at full-service airlines, who earn their corn chiefly on such routes. So a series of setbacks for Norwegian, the latest LCC to try its hand at long-haul flights, has set off […]
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THIRTY-ONE years ago, The Economist created the Big Mac index as a way of gauging how different currencies stacked up against the dollar. The index is based on the theory of purchasing-power parity, the idea that in the long run, exchange rates should adjust so that the price of an identical basket of tradable goods […]
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