Amid all the questions about whether we are seeing a repeat of the 1990s emerging market crises, it is worth asking a simple question: where are big multinationals putting their long-term bets on buying companies and building factories?
The answer is just in from the UN Conference on Trade and Development (UNCTAD) via the latest edition of its Global Investment Trends Monitor. Here are six points from the report worth paying attention to: Read more
News that François Hollande had a meeting recently with Peter Hartz, architect of Germany’s labour market reforms of a decade ago, has caused a frisson in Paris where all the talk (apart from that about his love life) is about the president’s public embrace of social democratic reforms with a distinctly German flavour.
The Elysée Palace denied reports that Mr Hartz, who led former chancellor Gerhard Schröder’s landmark reform programme, was acting as an adviser to Mr Hollande.
But it acknowledged that the president had hosted the former Volkswagen executive for an hour-long informal meeting two months ago. Read more
Matteo Renzi (Getty)
Outside Italy there is an understandable enthusiasm for the constitutional and electoral reform proposals of Matteo Renzi, leader of the centre-left Democratic party. Italy unblocked – at last! Inside the nation itself, there is more caution and scepticism. This reflects the experience of Italians, who have travelled such roads in the past without being rewarded with better government and a better class of political leaders.
Renzi, 39, and Silvio Berlusconi, 77, leader of the revived conservative Forza Italia party, struck a deal this month which is beguiling in its simplicity. Read more