Business and Finance News
80% of asylum seekers in Germany in H1 2015 under 35 years
Almost 29% of the people who filed an asylum application in Germany in the first half of 2015 were children and juveniles under 18 years and almost 51% belonged to the age group of the 18 to 34 year olds. This means that approximately 80% of all asylum…
In the long run we are all dead – John Maynard Keynes
“In the long run we are all dead,” John Maynard Keynes (1883-1946), the great British economist, wrote in 1923 on the debate in Great Britain on restoring the pre-First World War fixed exchange rate system known as the gold standard.
Federal Reserve delays raising rates from close to zero
The US Federal Reserve on Thursday delayed raising its benchmark interest rate — known as the federal funds rate — for the first time since 2006 and it remains at 0.25%, a level that was set in December 2008.
Prices & Earnings 2015: iPhone 6 affordable in pricey Zurich
Prices & Earnings 2015: UBS, the Swiss bank, on Thursday released the 16th edition of the triennial UBS Prices and Earnings study (microsite), which examines prices, wages and earners’ purchasing power in 71 cities worldwide. While Zurich is the mo…
Global Innovation Index 2015: Ireland in top 10 due to tax strategies
Switzerland, the United Kingdom, Sweden, the Netherlands and the United States of America are the world’s five most innovative nations, according to the Global Innovation Index 2015, while China, Malaysia, Vietnam, India, Jordan, Kenya, and Uganda are …
Irish Budget 2016: Fiscal Advisory Council gives imprimatur on plan
The Irish Fiscal Advisory Council (IFAC) said in a statement issued today on Budget 2016 that the proposed tax and spending package as announced in the Spring Economic Statement last April “is within the range of prudent policies from an economic persp…
Fund managers pessimistic on risks of global recession
The BofA Merrill Lynch Fund Manager Survey for September shows that the summer anomaly of high cash levels and high macro optimism has been corrected via sharp declines this month in global growth expectations (lowest since July 2012) and equity alloca…
OECD cuts global growth forecasts for 2015 and 2016
The OECD has cut its economic growth forecasts for 2015 and 2016, warning of a dramatic slowdown in Brazil and a global outlook clouded by risks in China. It also called on the US Federal Reserve not to raise its benchmark rate at its policy meeting to…
Germany and Austria call emergency EU summit on refugee crisis
Angela Merkel, German chancellor, and Werner Faymann, her Austrian counterpart, on Tuesday called for an emergency EU summit on the refugee crisis, while the EU also scheduled a ministerial meeting next week to seek to agree a quota system for sharing …
Hewlett-Packard fires 30,000 more workers – 100,000+ cuts in decade
Hewlett-Packard (HP) — an icon of Silicon Valley — announced Tuesday that it would fire 30,000 more workers bringing the total to over 100,000 job cuts in a decade. The company is planning to split into two companies on 1 Nov with Hewlett Packard Enterprise selling servers and software to business that is competing with rivals renting computing power from Amazon, Microsoft and IBM, among others. The PC and printer focused HP Inc. will return cash to shareholders while expanding into new markets such as 3-D printing.