Search Results for: euro
Google fined nearly €1 billion in ‘historic’ tax fraud ruling
September 23rd, 2019
Google has been ordered to pay nearly €1 billion to the French government over allegations of tax fraud. The ruling comes as European authorities are exploring new ways to clamp down on digital tax evasion. The French government and ...
Oil markets are one outage away from crisis
September 23rd, 2019
The supply disruptions in the oil market may not be over, despite volatility and prices easing in the days after the Abqaiq attack. The repairs at the Abqaiq processing facility are on an extremely tight timetable. According to Bloomberg, ...
Measuring Recession
September 20th, 2019
Using nominal GDP, or GDP deflated by the CPI, as the principal guide to the state of the economy is a common mistake which will eventually prove very costly. Having convinced themselves that GDP measures economic progress, government ...
From trash to treasure: the growing illegal waste trafficking market
September 20th, 2019
It’s well known there’s always two sides of a story, if not more, but we all agree that waste management is an important issue as waste has a huge negative impact on the natural environment. On the top of ...
Dollar gives up gains against most major currencies
September 20th, 2019
The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trade talks. Sterling hits two-month high on Brexit ...
How bread and cereals prices vary across the EU
September 19th, 2019
In 2018, the price of bread and cereals across the European Union (EU) was more than three times as high in the most expensive Member State than in the cheapest one. When price levels in countries are compared with ...
UK pound retreated further from last week’s gains
September 17th, 2019
The pound retreated further from last week’s gains following a heated remarks by Luxembourg Prime Minister Xavier Bettel on Monday showing that the gap between the British and European Union positions on Brexit remained far apart. Bettel lashed out ...
VAT Gap: EU countries lost €137 billion in VAT revenues in 2017
September 12th, 2019
EU countries lost €137 billion in Value-Added Tax (VAT) revenues in 2017 according to a study released by the European Commission today. The so-called ‘VAT Gap’ – or the overall difference between the expected VAT revenue and the amount ...
China or US?
September 9th, 2019
China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs and Hong ...
Sterling rebounds on data surprise, Brexit hopes
September 9th, 2019
Sterling rebounded from early lows on Monday and headed toward a five-week high on Monday as surprisingly strong data and growing optimism that Britain will not crash out of the European Union without a deal boosted demand for the ...
