Search Results for: Total
The Personal Data Commissioner in Cyprus slaps record fines for data violations
January 14th, 2020
The Office of the Commissioner for Personal Data Protection in Cyprus, an independent public authority responsible for monitoring the implementation of Regulation (EU) 2016/679 (GDPR) and other laws in Cyprus has slapped three related companies with €82,000 fines totalling ...
Can you imagine how much the European households spent on transport?
January 8th, 2020
In 2018, households in the European Union (EU) spent 13.2% of their total consumption expenditure on transport. This represents a total expenditure of over €1.1 trillion, equivalent to 7.2% of the EU’s GDP or €2 220 per EU inhabitant. ...
Tax revenues have reached a plateau
December 30th, 2019
Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. The ...
Post-Brexit planning
December 20th, 2019
Brexit will be done by the end of next month, when trade negotiations with the EU will begin. Importantly, Britain’s negotiating position has strengthened immeasurably, and the new government is not afraid to use it. This Conservative government ...
VW accused of emissions cheating in UK’s largest class action lawsuit
December 5th, 2019
Volkswagen Group is facing one of the largest-ever UK class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the ...
Household expenditure by consumption purpose in the EU
December 5th, 2019
In 2018, households in the European Union (EU) spent almost €2 100 bn (equivalent to 13.0% of EU GDP) on ‘Housing, water, electricity, gas and other fuels’. This represents 24.0% of their total consumption expenditure and is by far ...
Russia plans another move out of Dollar, into Euro, Yuan
November 13th, 2019
Russia is planning to cut the dollar’s share in its $125 billion sovereign-wealth fund, following a major move last year out of U.S. assets by the central bank. “Geopolitical risks are one of the key factors for changing the ...
Money and the theory of exchange
October 23rd, 2019
Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on a scale greater than any in living memory and therefore the inflation of all major ...
Lab-grown diamonds shaking up the industry
October 8th, 2019
Young consumers in China are taking a growing interest in cheaper, more accessible alternatives to mined gems. It sparkles and shines like a diamond from the Earth’s mantle, but it’s grown in a laboratory. Lab-grown diamonds, which have been ...
An Inflationary Depression
October 4th, 2019
Financial markets are ignoring bearish developments in international trade, which coincide with the end of a long expansionary phase for credit. Both empirical evidence from the one occasion these conditions existed in the past and reasoned theory suggest ...
