New orders in manufacturing:
March 2023 (in real terms, provisional):
-10.7% on the previous month (seasonally and calendar adjusted)
-11.0% on the same month a year earlier (calendar adjusted)
Geopolitics
Thomas Fazi – Israel’s mixed blessing for Ukraine
The war is not going well for Ukraine, and American politicians are distracted and increasingly resistant to hand over aid. Peace talks with Russia now look inevitable. Read the article HERE.
Finance
Ken Boyd: Tax Avoidance By The Numbers: The Paradise Papers
This an excellent, easy to understand, somewhat long explanation of the Paradise Papers. So if you feel you did not really understand what the fuss was about, you can catch up here. A great weekend […]
Climate Crisis
Positive Money EU: How the European Central Bank can unleash the building renovation wave
Trillions are needed for the deep building renovations required to meet Europe’s climate targets. To make this happen, EU institutions need to use the network of banks across Europe and incentivise loans for home renovation, […]
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