The prospect of higher interest rates and decreased regulation have already provided a boost to the financial services sector, particularly since the election of Donald Trump. Yet those trends are likely only in their early stages, and while some of the changes are already baked into share prices, plenty of opportunities await for investors who know the best geographies, sub-sectors and companies to put money into. The portfolio management team at Hamilton Capital Partners, which includes foundi...
The Who and the European Central Bank have this much in common: they won’t get fooled again. That is to say, no way will the world’s 2nd largest central bank kill off the Eurozone’s recovery while there’s still a whiff of political populism in the air, or the slightest risk of a bad Italian bank blowing up. Despite the fact that Eurozone economic activity is at a six-year high, despite the near-certain defeat of the right-wing populist Marine Le Pen in France’s pres...
European Central Bank President Mario Draghi arrives for a news conference at the ECB headquarters in Frankfurt yesterday. The ECB stuck to its ultra-easy policy stance as inflation continues to undershoot its target but explicitly acknowledged the vigor of the eurozone economy, now on its best run since the global financial crisis. Draghi noted that the eurozone’s economy has further improved and the risk of a new downturn has receded, a signal seen by many as foreshadowing a bolder change at...
CHINA’S homegrown passenger jet C919 is likely to receive airworthiness certification from the European aviation safety regulator, a key step for the narrow-body aircraft to enter the Western market, officials said yesterday. Patrick Ky, executive director of the European Aviation Safety Agency, said at an inaugural session of an aviation safety conference in Shanghai yesterday that certifying the C919 was part of ongoing talks for a bilateral air safety agreement between the two regio...
THE likely election of Emmanuel Macron as France’s president, in a run-off vote on May 7th, has corporate leaders in a state of high anticipation. French politicians with business experience rarely prosper. It is nearly half a century since Georges Pompidou won office in 1969 on the back of a private-sector career partly at Rothschild, an investment bank. The sitting president, François Hollande, roused voters in 2012 by declaring that his “true enemy” was the world of finance. Mr Macron...
HISTORY has a way of repeating itself. In 2013 a group of anti-euro intellectuals led by Bernd Lucke, an economist, formed the right-wing Alternative for Germany (AfD) party. Two years later he was ousted by Frauke Petry, an erstwhile ally, who led the party to a series of sensational results in state elections by angrily opposing Angela Merkel’s refugee policies. But in recent months, as the refugee crisis has moved off the headlines, the AfD’s poll numbers have slumped into single digits. ...
Award: Tom Nuttall, our Brussels correspondent, has won the 2017 Evens Prize for European Journalism, awarded for making the European project easier to understand.
IT IS crucial to keep Siemiatycze pretty, says Piotr Siniakowicz, the mayor, himself resplendent in bright-blue suit and silk pocket-square. The border with Belarus is a hop and a skip away, so this small town in eastern Poland may mark visitors’ first encounter with the European Union. Siemiatycze brims with well-maintained nursery schools and a gleaming sports centre, thanks to EU funds lavished on the region since Poland joined in 2004. Remittances from thousands of émigrés in Belgium hav...
THREE years ago, he was largely unknown to the public. Today he is a step away from becoming France’s president. Emmanuel Macron’s remarkable rise from obscurity to favourite for the presidential election on May 7th carries symbolic value well beyond his homeland. If he defeats Marine Le Pen of the National Front (FN), as polls suggest he will, the country will have shown the rest of the world not only that it can favour youth over seniority, and optimism over fear, but that pro-European lib...
Fortune has seen the future, and it is Estonia. Or, as they like to call themselves, "e-Stonia." This tiny Baltic country, you see, has traveled the fascinating path from backward Soviet republic to bold digital leader, all in the span of its brief post-Cold War history. Fortune's intrepid European correspondent Vivienne Walt, who has documented Amazon's efforts in India and Unilever's sojourn on planet Earth, traveled to Tallinn, the Estonian capital, and brought back a fascinating account of w...
Fortune has seen the future, and it is Estonia. Or, as they like to call themselves, "e-Stonia." This tiny Baltic country, you see, has traveled the fascinating path from backward Soviet republic to bold digital leader, all in the span of its brief post-Cold War history. Fortune's intrepid European correspondent Vivienne Walt, who has documented Amazon's efforts in India and Unilever's sojourn on planet Earth, traveled to Tallinn, the Estonian capital, and brought back a fascinating account of w...
German Chancellor Angela Merkel told Britons on Thursday not to delude themselves that they would continue to enjoy EU rights after Brexit and insisted the bloc would only agree on future ties with London after they have nailed down a deal to leave. Striking a firm tone in a speech to the Bundestag lower house of parliament before a weekend summit on Brexit, Merkel also said talks on Britain’s financial obligations to the EU would have to be addressed early on in the talks. “A third ...
A record-setting rally in world stocks ran out of steam on Thursday, with unconvincing U.S. tax cut plans cooling investors’ spirits and caution setting in as the European Central Bank met. Canada’s main stock index futures were little changed on Thursday amid concerns about Canada’s trade relationship with the United States. U.S. President Donald Trump said a renegotiated trade deal with neighboring Canada and Mexico was “very possible” but that if a “fair deal for all” could ...
Iranian President Hassan Rouhani at the Saadabad Palace in Tehran on Feb. 11. (Ebrahim Noroozi/Associated Press) Iran’s official month-long presidential campaign period kicked off last week in the run-up to the May 19 election. While former president Mahmoud Ahmadinejad’s candidacy garnered international headlines, the real major development came when Ebrahim Raisi — touted as a potential successor to Iran’s aging supreme leader — entered the race. Instead of a straightforward ...
On a Spring afternoon, I'm gazing out the window of an -office building on the outskirts of Estonia's capital, -Tallinn, watching people stroll below, when a cream--colored plastic container mounted on black wheels rounds the corner and begins maneuvering its way among the pedestrians. The device looks like a kid's toy. But in reality it's a high-tech delivery robot called Starship and potentially the next mega-profitable invention to spring from this snowy, miniature country on the northern edg...
Good morning. Do tax cuts pay for themselves? I've spent countless hours of a long career reporting on that question--tracking the story back to its origins on Arthur Laffer's napkin in a Washington hotel in 1974; spending hours interviewing the colorful collection of characters who first peddled the idea, including the late Jude Wanniski, the late Robert Bartley, and the indefatigable Jack Kemp; following the conversion of Alan Greenspan, the apostasy of David Stockman, and the embrace by Georg...
REMEMBER why the "Trump bump" began, all the way back in November? The rationale for the surge in stockmarkets was that the new administration would cut taxes and allow American growth to accelerate. And so we waited for the details. When they came yesterday, it was only a one-page set of bullet points, containing around 200 words. If, as one expert pointed out, it had really taken 100 experts to come up with the plan, they averaged two words each.The response from the markets was a yawn. Analys...
It is a busy week in the world of sneaker drops, so we’re keeping on top of exactly where and when you can purchase the plethora of footwear available throughout this week. It can be a difficult task to keep an eye on where sneakers will be available in your region, so we’ve decided to compile all noteworthy drops in Europe into one place. This week sees both the Yeezy Boost 350 V2 cream-white edition and the Supreme x Nike Air More Uptempo drop, alongside the adidas NMD City Sock, Converse ...
After rallying nearly 450 points in two days, the Dow took a breather overnight as it fell 0.1% to close at 20,975 points. Market commentators were pointing to a number of factors that may have contributed to the retracement. Some felt that there was disappointment regarding the lack of detail in President Trump’s tax reform proposal that was released during the trading session. There is the obvious question of where the funds will come from to fill the gaping hole left by the proposed substan...
Energy drinks are known for their high caffeine content, which often tops that of soda and even coffee. But they seem to affect people’s hearts and blood pressure differently than other caffeinated beverages, suggests a small new study published in the Journal of the American Heart Association. In the study, researchers divided 18 men and women into two groups. Half were given a 32-ounce commercially available energy drink with 320 mg of caffeine, as well as other ingredients like taurin...