Martin Stabe

The European Central Bank on Sunday released the long-awaited results of its stress test.

The test, conducted on 130 euro area lenders, requires banks to have common equity tier one ratios of more than 5.5 per cent even under a “adverse scenario” of falling economic output, rising unemployment and declining house prices.

The stress test found 25 banks had capital shortfalls under the adverse scenario applied to banks’ balance sheets as of the end of 2013. However, that number fell to 13 once capital raised by the banks in 2014 was taken into account.

This sortable table shows a summary of the results of the stress test, including any shortfall after net capital raised since December 2013 is taken into account. Read more

The world’s population is changing in ways that could barely be imagined a generation ago, and at a pace that is faster than any in recorded history. Not only are we all living longer, but in the richest countries – and in many newly middle class nations – people are having too few babies to keep population stable. By 2050, according to UN projections, those aged over 65 will outnumber children aged 5 and under, for the first time in human history. Read more


Based on the voter registration data and the Press Association’s estimated declaration times, here is an approximate timetable of what to expect during the night of the count Read more

Interactive map by Jennifer Bissell

The interactive map below, based on data from International Rivers, shows the 24 dam projects in Africa that involve either Chinese sources of finance or Chinese developers or construction firms.

Base map design: Mapbox, Base map data: OpenStreetMap contributors

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So the UK economy grew 0.8 per cent in the second quarter of 2014, leaving output on this preliminary estimate at just about the previous peak set in Q1 2008, over six years ago. For an economy that produces almost £400bn a quarter in gross domestic product, exceeding the previous peak by £752m is really small beer, as our first chart below the break shows.

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Since 2008, the Tier 1 (General) visa has allowed 33,756 people to come to the UK as highly skilled migrants. They brought 47,535 dependents with them.

On December 22nd, 2010, the visa route was closed to new overseas applicants.

For those who came to the UK on this visa and have been here for five years, there is one last test to pass in order to be allowed to stay in the UK indefinitely – without further visa restrictions.

Would you qualify to stay in the UK as a highly skilled migrant?

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