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If the UK were to leave the European Union, it will mean that it will also be outside the Capital Markets Union (CMU), when completed. The CMU is a set of measures designed to clear obstacles between companies and potential investors. The idea – in the words of the European Commission that created it – is “to mobilise capital and channel it to all companies, including SMEs, and infrastructure projects that need it to expand and create jobs”.
The EU economy is slightly bigger than that of the US, but its capital market is very different. Its equity market is about half the size of that of the US and its securitisation market is less than a quarter of the US. Read more
The value of cross border merger and acquisition deals in Italy reached a new high in 2015 at over $50bn. Italian companies were the most targeted by foreign acquisitions in the European Union after the UK, along with France. Read more
Estimates show oil production from hydraulically fractured wells rose to half of US crude output last year, though the technique has been in use for 6 decades. ‘Fracking’ has allowed the US to lift output faster than at any time in its history. Read more
Wealth disparities within EU countries were narrowing prior to the 2008 crisis, but since then the poorer regions have stopped catching up with the wealthiest ones.
“European countries converge at national level, but at the cost of a rising divergence within the countries” explain Joaquim Oliveira Head of the OECD Regional Development Policy Division in an interview with the FT. Read more
Over 5m people usually work on Sundays in the UK – 17 per cent of the employed population and about double the proportion in 1994. Weekend shifts increased across all occupations but rose faster among professionals
About two in three women aged 25 to 64 years old are in employment in the European Union, the highest proportion since the data series began 23 years ago. However, the EU average conceals considerable variation between regions.
Renewable energy sources- particularly wind, hydro and solar- are expected to account for the biggest change in global electricity generation between 2013 and 2020, larger than that from all other sources combined, according to IEA data. Read more
‘Greenfield’ FDI – crossborder investments in physical projects excluding M&A, increased by nine per cent last year, to $713bn. Oil and gas attracted the largest amount, followed by real estate, but the amount invested in renewable energy increased fastest, up 73% to $76bn, according to data from fDI Markets.
How much land has been acquired for investment and agriculture over the past decade? The truth is nobody really knows.
Non-government organisations, media and academic publications have been assessing so-called land deals – where outsiders acquire huge tracts of land for commercial use – through field reports and by crowdsourcing data online. Read more
About two in five US private sector workers – nearly 44m people – lack access to paid sick leave. The proportion rises to 7 in 10 of those with the lowest wages