In the first quarter of 2022, the EU seasonally adjusted current account of the balance of payments recorded a surplus of €16.6 billion (0.4% of GDP), down from a surplus of €52.2 billion (1.4% of GDP) in the fourth quarter of 2021 and down from a surplus of €126.4 billion (3.6% of GDP) in the first quarter of 2021.
Economics
Larry Elliot: Corbyn’s Build it in Britain plan isn’t radical – it’s what other countries do
‘Value for money’ for public contracts is a colossal failure. Labour’s leader is right: the state should support manufacturing Read here
Globalisation
Marco D’Eramo: Sinking Germany
“A situation is thus emerging out of the Ukraine conflict which is not without historical precedent: the defeat of German strategy.” Read the article here.
Finance
NNY 360: Tesla ordered to pay $137M over racism in rare verdict
The lawyer told jurors that “as opposed to a zero-tolerance policy, #Tesla had a zero-responsibility policy. The “n-word” was “pervasive and virtually everywhere,” Read here
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