THE credit-card bill arrives. You have enough money in a savings account to pay it off—the sensible thing to do, arithmetically speaking, since the interest rate on the credit-card balance far exceeds that earned on the savings. Yet you leave the savings untouched, and pay only as much of the bill as your current-account balance […]
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THE award of the Nobel economics prize to Richard Thaler is a reminder that economics has been struggling, in the past 30 years, to adapt its models to the real-life decision-making processes of actual humans. The problem applies as much in investment as anywhere else. One of the biggest problems is the tendency to assume […]
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BAE Systems will shed 2,000 jobs as new chief executive Charles Woodburn tries to shake up Britain’s biggest defense contractor in the face of dwindling orders for the Typhoon fighter jet. The Eurofighter Typhoon has won fewer orders this year than the rival Rafale built by France’s Dassault Aviation, as a major order expected from […]
Read moreA Texas-based chain of strip clubs would go on a buying spree. A growing technology company would move fewer jobs overseas. And a regional bank would boost its spending on cybersecurity. These are some of the uses of the tax savings that small and medium-sized U.S. companies say they would pursue if the Trump administration […]
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LONDON’s Luton airport is not renowned for its quick boarding. But now it is possible to show up there and in 15 minutes be on a plane bound for Zurich. That is thanks to the recent expansion of Surf Air, a small carrier. Though its name may be unfamiliar, its business model is, in fits […]
Read moreThe Republican tax plan has been slammed as a giveaway to the rich. But maybe Ivanka Trump can help fix that. The first daughter is throwing her weight behind a proposal to significantly expand the child tax credit, even as other individual benefits in the code are curtailed or even eliminated. That increase — coupled […]
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The clock is ticking down towards a meeting of the Catalan parliament Tuesday afternoon at which region leader Carles Puigdemont is widely expected to make some kind of declaration of independence. Most political analysts believe that Puigdemont — who has been threatened with arrest if he does makes a unilateral declaration of independence in parliament […]
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Luxembourg is assessing whether to appeal against the European Commission’s order to reclaim nearly $300 million in unpaid taxes from Amazon, the country’s finance minister has told CNBC. “We do not seem to agree, we considered that there was no state aid on our side, there was no selective advantage that was given to the […]
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Finance experts from the euro zone have weighed in on comments made by Wolfgang Schaeuble, after the German finance minister warned that debt and liquidity problems could spark the next global crisis. Euro zone officials told CNBC that they are aware there could feasibly be another financial crisis around the corner, and believe that debt […]
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All eyes are on Catalonia to see whether the region’s leader and its parliament could declare a unilateral declaration of independence when it meets on Tuesday afternoon. Catalan leader Carles Puigdemont is set to address the regional parliament in Barcelona at 5:00 p.m. London time and speculation is mounting that he could declare independence, despite […]
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