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Economics, Policy & Regulation

Worst-Case Brexit Could Cost UK $65 Billion

According to a Cambridge Econometrics report a “hard Brexit,” in which the country would leave both the EU customs union and the single market, could cost the UK almost half a million jobs and about $64.7 billion in investment by 2030.

News

Argentina Railway Revives With Upsurge In New Investments

Just two of several programsover the past two years haveattracted $45 million from local and foreign private inerests and created at least 8,000 jobs.

News

Berkshire Hathaway Names Buffett’s Successors

Longtime senior executives Greg Abel and Ajit Jain were promoted to vice chairman on January 10 and joined Berkshire’s board of directors. The announcement might suggest that Abel and Jain, alone or together, might lead the company in the near future.

News

Protestors Demand Change In Iran’s Economic Priorities

The situation came to a head late last year when the Iran government proposed an austere budget for 2018. Subsidies on basic goods and services for the poor were subject to proposed cuts, as fuel prices were set to rise by as much as 50%.

News

Ferrero Buys Nestle’s US Candy Business

With the Nestle acquisition, Ferrero has now become the third-largest confectionary company in the United States.

Economics, Policy & Regulation

French President Macron Takes Diplomatic Lead

The UK’s decision to leave the EU and the dwindling strength of German Chancellor Angela Merkel, who saw her party diminished in Germany’s recent federal elections, have given Macron a rare chance to bolster French influence.

News

South Korea Engages With North Korea

South Korea’s new overtures to Kim Jong IIare part of a broader regional diplomatic initiative. Moon visited China, a North Korean ally and key trading partner, in December 2017, and called for better South Korea-China relations.

Economics, Policy & Regulation

Regulation | Tax-Gap Blues

The Paradise Papers leak prompted yet more indignation about corporate tax avoidance, and cash-strapped governments claim to be tackling the issue. What will it mean for corporates?

Banking

Citi | Managing Innovation

Vanessa Colella, head of Citi Ventures and chief innovation officer at Citi, visited Global Finance to discuss integrating innovation into global banking, the role of employees in driving change, and emerging trends in technology and banking.

News

Czechs, Poles, Seat Private-Sector Prime Ministers

Czech PM Babiš is an outspoken billionaire while the PolishPM, Morawiecki, is more of a technician, whonegotiatedPoland’s accession to EUbefore going on to chair Bank Zachodni WBK, part of the Santander Group.

News

Mugabe Leaves But Economic Crisis Remains

Zimbabwe’s new leadership faces a difficult macroeconomic environment.

News

Portuguese Finance Minister Moving To Eurogroup

In a comparison with the Portuguese soccer star, Portuguese finance minister Mário Centeno has been dubbed “the Cristiano Ronaldo of Ecofin."