Major European bourses look set to open lower Tuesday morning as political instability in the Catalonia region of Spain continues to rumble on. The U.K.’s FTSE is seen 8 points lower, set to open at 7,500. Meanwhile, the French CAC is expected to open 7 points down at 5,359. The German DAX is set to […]
Read moreHere are 10 more pieces of good economic news you may have missed amid all the big, important stories happening around the world right now. In the last week we’ve found out: 1) The latest CNBC economic survey shows optimism in the American economy at a 10-year high. 2) Manufacturing activity is at a 13-year […]
Read moreFor decades, the global economy has been defined by dissonance. There has been the Japanese recession. The financial crises in the United States and Europe. And drama in emerging markets throughout. But as central bankers, finance ministers and money managers descend on Washington this week for the fall meetings of the International Monetary Fund, they […]
Read moreBorn and raised in this Texas Gulf Coast beach town, James Wheeler Jr. finds himself sawing plywood and hanging sheet rock at a time when he would normally be leading deep-sea fishing excursions, trying to hook tuna or Spanish mackerel by the cooler-full. Since Hurricane Harvey came through Port Aransas just before Labor Day — […]
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NOT long ago, the starting assumption of any economic theory was that humans are rational actors who maximise their utility. Economists summarily dismissed anyone insisting otherwise. But over the past few decades, behavioural economists like Richard Thaler have progressively chipped away at this notion. They combine economics with insights from psychology to show how heavily […]
Read moreHopes for President Trump to repeal the Deferred Action for Childhood Arrivals program has diminished dramatically after the White House put out an aggressive list of demands. The Trump administration wants tougher immigration and border security measures, crackdowns on sanctuary cities, green card restrictions and money for a border wall. Now there is a lot […]
Read moreWith the departure of Wolfgang Schaeuble as the German finance chief following the federal election last month, political analysts and economists are busy profiling the possible next head of the country’s finance ministry. Angela Merkel’s Christian Democratic Union (CDU) and its Bavarian sister party, the Christian Social Union (CSU) won the largest share of the […]
Read moreCurrency, United States Finance
Here are the companies leaving Catalonia in the face of political uncertainty
Multinationals headquartered in Catalonia have started weighing up whether the region will declare independence from the rest of Spain and the consequences that this would entail. Key Ibex companies including Caixabank have already announced plans to relocate their head office, while many others from all business sectors are considering doing the same. CNBC takes a […]
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Catalonia’s wish for independence is a concern for everyone, says Portugal’s deputy finance minister
The ongoing political instability in Spain is raising eyebrows across the entire euro zone, Portugal’s deputy finance minister told CNBC Monday. “It’s not only a problem for Portugal, it’s an issue for the euro area and Europe as a whole,” Ricardo Mourinho Felix, secretary of state for the finance ministry, told CNBC exclusively on the […]
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Hillary Clinton says Brexit supporters 'voted against modern Britain'
Britons who supported Brexit in last year’s referendum on European Union (EU) membership “voted against modern Britain,” Hillary Clinton said in an interview published Sunday. The former U.S. secretary of state told The Sunday Times: “They voted against modern Britain and the EU, believing that somehow this would be good for their small village. It […]
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