Private equity giant Blackrock has taken a punt on beleaguered Russian gold miner Polymetal, doubling its stake to just over 10% even as the stock takes a battering from sanctions imposed against Moscow.
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EU politics
Reuters: EU watchdog raps Juncker over aide’s move to top job
First, this is what the Germans wanted and as they dictate policy at the EU, that is what they get. Second, of course there is criticism, but no consequences. And the EU political elite wonders […]
Economics
DeStatis – German Recession: Exports in April 2025: -2.1% year on year. Imports up 3.8%
Exports (calendar and seasonally adjusted exports of goods), April 2025 131.1 billion euros -1.7% on the previous month -2.1% on the same month a year earlier Imports (calendar and seasonally adjusted imports of goods), April […]
Economics
Bill Mitchell: On money printing and bond issuance – Part 1
Now that prominent mainstream economists have grudgingly accepted some of the elements of Modern Monetary Theory, they are simultaneously trying to discredit it to save face. Read here
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