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 initial public offerings (IPO) in the EU reached an eight-year high in 2015- at more than €50bn. On average, the UK accounted for about half of the value of European IPOs in the past decade, but less than one-third last year.
Over 71 per cent of non-EU citizens in Belgium are at risk of poverty or social exclusion, against 18 per cent of Belgian citizens- the largest gap in Europe. Non-Eu citizens in Belgium are worse off than in any other EU state apart from Greece.
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
The US’s new policy on Cuba will undoubtedly have a significant impact on the island’s external commercial relations and economy.
In recent years Cuba reformed its foreign investment law and opened a Chinese-style ‘special economic zone’ with the aim of attracting more foreign direct investment. Read more
Almost half of UK teachers think that turning schools into more autonomous ‘academies’ will make educational standards worse and only 17 per cent believe they will improve. This contrasts with the public, where opinion is split
The time is just right for relations between the US and Cuba to defrost and a series of numbers prove that.
Firstly, for a while now, the majority of the US population has been favourable to renewing ties with its Caribbean neighbour. Read more
Donald Trump has 673 of the 1,237 delegates needed to win the Republican nomination. Betfair puts his chances of sealing the nomination at more than 70 per cent but his odds of winning the presidency are only 18 per cent
In line with a return to strong economic growth, Ireland’s stock market has been one of the best performing over the past year, beating the major stock indices of the UK, Europe and the US
Wednesday March 16: the UK Budget in 4 charts
http://youtu.be/YdqnGK8NTh0 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
March 15: the day in 4 charts
http://youtu.be/fX_cde5Qh0I Read more
US real estate is prospering, with half of properties sold in the year to January being priced over $300,000. Six years ago it was one in four. The share of cheaper houses increased during the crisis, but now shows the steepest drop
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
India and China together are estimated to have 87m more males than females, while Russia has 10 m more females than males. There are 50m more males than females in the global population
March 11: the day in 4 charts
By Gonzalo Viña, Public Policy Reporter
Not that millennials need another reminder of how tough life is going to be for them, but research from the Bank of England shows that the value of having a degree has fallen substantially over the last two decades.
In 1995, when the last cohorts of Generation X were graduating, a degree would have boosted earnings on average by 45 per cent relative to having no qualifications at all, the bank said. The degree premium last year had slipped to 35 per cent.
Contrary to what some say, that’s one hell of fall.