Yesterday turned out to be quite a day in central banking terms. There is much to say about my home one as in the Bank of England, but the truth is that even the extraordinary fantasy world that a couple of its policymakers apparently live in was quickly gazumped a couple of hours later by European Central Bank ( ECB) President Christine Lagarde. That has echoes of both 2011 and her “shock and awe” comments about a claimed Greek economic recovery that rapidly turned into a depression.
Industrial production in the eurozone fell more than expected in July, adding to the gloom hanging over the region’s economy. Read HERE
After a half-century of research and development, carbon capture and storage projects are far more likely to fail than to succeed, and nearly three-quarters of the carbon dioxide they manage to capture each year is […]
Only about 8 percent of EU firms have divested from Russia, with the majority of Western firms still active in the country being German. Read the article HERE.
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