Spain’s two main parties won more than 80 per cent of seats in every poll since 1982 except the last one, when they won 61 per cent. Ciudadanos and Podemos gained nearly one one in three seats, breaking the tw0-party grip.
Low oil prices are bad news for oil producing countries like Russia and Saudi Arabia, as well as for oil companies and their workers, but it is good news for consumers, energy-intense companies and energy-importing countries. Read more
One in five people in the EU cite security fears as reasons not to order or buy goods and services online, a smaller share than in 2010. The share is higher in Italy and Spain, while online shopping is seen as safer in Germany and the UK.
The bookies say it will be the Carolina Panthers, and there’s one clear statistic to back that up: the Panthers won 15 out of the 16 games in the regular season, compared to the Denver Bronco’s 12.
That should make the Panthers favourites, but the best team in the regular season is not a shoo-in to lift the Vince Lombardi Trophy. Read more
Eight years ago Barack Obama showed it is possible for a candidate to move from relative obscurity to victory in months; this time in 2008 Hillary Clinton was still the favorite for the Democratic party nomination
There were nearly 3 million more people in employment in the third quarter of 2015 in the Eurozone than there were two years before. Of these, 1.6 million – over 53% per cent – were from the countries given the acronym ‘PIIGS’, for Portugal, Ireland, Italy, Greece and Spain. Read more
More than two-third of the capital invested by foreign groups in greenfield projects in the UK last year was in real estate, renewable energy and oil and gas. Property is the most targeted sector in the last decade.
John McDonnell, the shadow chancellor, gave a speech last week lamenting that the liberalising policies adopted by the Thatcher government in the 1980s never led to widespread share ownership:
The Tories promised a “shareholding democracy” would arrive through privatisation. A “trickle-down effect” would mean that, even if the rich got very rich indeed, everyone else would be a little better off.
But the promises of freedom and “popular capitalism” turned out to be illusory.
Today, share ownership by individuals is at the close to the lowest level ever recorded. Just 12 per cent of shares are owned by individuals in the UK, down from 28 per cent in 1982, and pension funds own only 3 per cent.
It would be fair to call these figures misleading and point out that people can own shares through insurance companies or they might have a stake in other kinds of funds as well as their pension. So if between them individuals and pension funds own just 15 per cent of shares who owns the rest? Read more
Spanish house prices started to grow in mid-2014 but they are still 30 per cent lower than at the start of 2010. They have risen steadily in Germany since then and in the past three years in the UK and US. They continue to fall in Italy
The charity Oxfam made a big splash on Monday with a report saying that the richest 62 people in the world had the same wealth as half of the world’s population. Not only that but the richest 1 per cent of the world’s population owned as much in 2015 as the rest of the 99 per cent put together.
You have to admire Oxfam’s communication skills. This is the third year it has put out such a release, it is timed impeccably to coincide with the world’s plutocrats living the high life at the World Economic Forum in Davos, and mainstream media is far from bored. Google news currently shows 385 write-ups of Oxfam’s press release. Read more
Services exports are driving growth in trade and accounted for more than 60 per cent of the rise in the value of global exports in 2014, a far higher contribution compared with the yearly average of 15 per cent in the five years to 2011
In the Netherlands 9 in ten people aged 25-34 with a degree are in work. The share is smaller in the UK, Germany and France. Earning a degree does not guarantee a job in Italy, where only 60 per cent of young graduates are in work, the smallest proportion among all OECD countries.
The January transfer window is upon us, and with several major clubs across the continent enduring tumultuous seasons, there are likely to be some fairly high profile comings and goings.
Every season billions of pounds change hands in the two periods where deals can take place across the globe, but despite the amount of the sports media’s attention devoted to the transfer market, evidence suggests there remains a surprising amount of uncertainty over what the fees involved actually are. Read more
Employment is growing in the Eurozone. There were nearly 3 million more people in employment in the third quarter of 2015 than there were two years before. Read more
An analysis of presidential candidates’ announcement speeches shows big variations in the complexity of language used. Donald Trump, Republican frontrunner, was comprehensible by fourth graders, 9 and 10-year-olds
India is forecast to grow 7.8 per cent in 2016, the fastest rate of the 85 countries in Consensus Economics’s survey of prominent forecasters. China is expected to grow 6.5 per cent, slower than Turkmenistan and Bangladesh.
The Red Devils have hardly undergone a Chelsea-esque implosion — they sit in 5th place at the time of writing — but the Old Trafford faithful have grown increasingly restless, an undercurrent of discontent growing into a crescendo of criticism as perceived lacklustre performances have been followed by the poor results many felt they deserved.
According to an FT analysis, those perceptions are backed up by the statistics. After seven years of near-unbroken dominance in terms of their results, Sir Alex Ferguson’s departure from the post of manager was followed by a dramatic decline.
By the end of David Moyes’ solitary term in charge, Man United’s results — after adjusting for opposition quality — didn’t even put them among the fourth strongest sides in the league. The arrival of Louis van Gaal brought about a recovery: by the end of his first campaign the club was — only just — back among the four strongest sides in the league in terms of results. Read more