Articles
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Things are getting ugly in Turkey…
It’s really great to arrive in Turkey today for a break of almost three weeks, with my family. It is one of my favourite countries and I look forward to exploring new areas and, as a visitor, will benefit from the collapsing currency.
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Middle East becoming a new region in the investment landscape
Only a few years ago, the Middle East occupied practically a blank spot on the map of international investors. Due to the abundance of petrodollars, most governments and companies in the region were simply not in need of funding from foreign sources.
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Brexit is heating up
The Prime Minister seems to have broken the deadlock at home with the cabinet agreement on the direction of Brexit. It hasn't been cost free as two cabinet ministers, two further ministers and two Vice-Chairs have resigned from government.
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Merkel on the brink?
Angela Merkel and Horst Seehofer, the Interior Minister, will meet today at 5pm Berlin time today. The meeting could determine whether the governing coalition will stay in place – or fall apart.
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UK house prices continue to slow, whilst London continues to fall
The consensus outlook for UK house price growth in 2018 and 2019 is about 2-3% per year. Growth has been slowing in recent years, and rose 4.
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US interest rates move higher
Yesterday, the Fed raised its target interest rate band, in line with market expectations, from 1.75% to 2%.
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Great news on Greece
I am looking forward to arriving in Greece today, with a feel of economic optimism that has been missing for years. There is great news on Greece, according to the Eurogroup of finance ministers.
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European shares slump over continuing political upheaval in Italy
After several weeks of severe pressure on Italian assets due to concerns over the fiscal sustainability of the M5S-Lega government program, the coalition's prime ministerial candidate, Giuseppe Conte, has resigned after the President, Sergio Mattarella, vetoed the proposed finance minister who is, supposedly, a euro-sceptic.
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An oil rich nation, with no oil
I had a fascinating day in Libya yesterday, witnessing the tragic collapse of this country, where the rule of law effectively disappeared six years ago, but has descended into chaos since 2014.
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Bread, Freedom, Dignity in Tunisia
Tunisia, often hailed as the sole success story of the 2011 Arab Spring uprisings, is in danger of being crippled by budget-cutting economic policies that threaten the country’s democratic experiment.
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Which global cities have the highest living costs?
UBS has just issued its annual report on the Worldwide Cost of Living which makes for some interesting reading.
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Agreement on path to Brexit
An agreement was reached this week on a transition deal for the UK and EU27 covering the initial 18 months after the UK exits the European Union in March 2019 - positive news for the UK economy, and particularly the Pound.
