Italy’s UniCredit says it is withdrawing bid for Banco BPM
UniCredit on Tuesday said it was withdrawing its 14.6 billion euro ($17 billion) all-share bid for Banco BPM. Italy’s second-biggest bank said in a statement
Capital One reports higher profit as interest income, fees rise
Capital One Financial reported a rise in second-quarter adjusted profit on Tuesday, as the consumer lender was helped by a boost in interest income on
Europe should innovate on defence, play it safe on debt
Strengthening existing safe assets should be a strategic priority for any new joint borrowing. Europe’s looming defence spending needs will put new demands on public
Lessons for rebuilding Ukraine from economic recoveries after natural disasters
Although the source and duration of the destruction differ, wars and natural disasters disrupt economies in similar ways. This column examines the effects of natural
Customized strategies key to setting up MSMEs, start-ups for success
Developing countries invest about $1 billion annually to train millions of aspiring and existing entrepreneurs. While significant, this investment doesn’t fully address the shortage of
US investor strikes $1 billion merger to create bitcoin treasury company
U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 billion of
Uncertain times in Lebanon: How policy shocks ripple through MENA markets
Despite its small size, Lebanon’s chronic crises send financial shockwaves across the Middle East and North Africa. This column uses a Twitter-based index of economic
State aid in times of crisis: Lessons from COVID-19 support for firms in Italy and Spain
The unprecedented wave of state aid to firms across the EU during the COVID-19 pandemic raised questions about who benefited and how effective these interventions
The Great Wall of Chinese goods: The effect of tariff-induced re-rerouting on euro area consumer prices
Tariffs affect both supply and demand, possibly with contrasting effects on prices. This column shows that renewed US-China tensions could redirect Chinese exports to the
The World Bank’s new global poverty lines in 2021 prices
The World Bank has revised its estimates of global poverty to reflect new data on prices and national poverty lines from more than 160 countries
