The future of the global economy hinges on four games of chicken | Nouriel Roubini

Trump’s rows with China and Iran, Brexit and Argentina’s populism put the world on a knife edge In the classic game of chicken, two drivers race directly toward each other, and the first to swerve is the loser. If neither swerves, both will probably die. In the past, such scenarios have been studied to assess the risks posed by great-power rivalries. In the case of the Cuban missile crisis, for…

October 24, 2019
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ECB faces backlash over stimulus package – business live

Rolling coverage of the latest economic and financial news, including reaction to Mario Draghi’s latest package to save the eurozone economy 8.11am BST Boom! The newest member of the ECB’s governing council has gone public with his concerns over Draghi’s stimulus package. Essentially it was the question about how effective will a new monetary easing be. “As things change — also this forward guidance and the policy may change —…

October 14, 2019
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Inequality: is it rising, and can we reverse it?

The UK ranks among the most unequal nations in Europe and many people feel they are not sharing in the country’s wealth Income inequality has risen sharply since the 1970s in most advanced economies around the world, and has been blamed for increasingly polarised politics. Thomas Piketty: Capital in the 21st Century Richard Wilkinson and Kate Pickett: The Spirit Level: Why Greater Equality Makes Societies Stronger Tony Atkinson: Inequality: What…

September 11, 2019
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Happy Christmas? Shrinkflation trims Quality Street again

Confectioner downsizes tubs from 720g to 650g – with more chocolates and fewer toffees Quality Street is slimming down again for Christmas this year as its new seasonal 650g tubs hit UK supermarket shelves this week, downsized again from 720g last year. Aficionados of the UK’s biggest Christmas confectionery brand are in for further surprises with parent company Nestlé set to reveal that it will be offering more chocolate and…

September 11, 2019
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