From its beginnings in 1843, when The Economist newspaper was founded by a Scottish hat manufacturer to further the cause of free trade, The Economist Group has evolved into a staunchly independent global media and information-services company with intelligent brands for an international audience.
With the European Commission being the latest to propose a new bank levy, joining the IMF and governments in Europe and America. But the most important part of this reform is the international set of rules known as “Basel 3”, which govern the capital and liquidity banks carry. But will the Basel club of bank supervisors,…
The RENIXX index, which measures 30 of the world’s largest publicly traded renewable-energy companies, fell 15% after what was perhaps the biggest environmental disaster America has seen. Many expected BP’s oil spill into the Gulf of Mexico to revive the urgency for a reduced dependence on oil. But the 15% had investors wondering “Is green-energy dead”?…
Lloyd Blankfein is CEO of Goldman Sachs, and on Friday the 16th April he described his day as “one of the worst days of my professional life”. This was largely due to the Securities and Exchange Commission (SEC) filing civil fraud charges against Goldman Sachs. The bank was accused of failing to disclose that a hedge fund had…
New electric car innovations are changing the way we thing about vehicles – how they are designed and specifically how they are manufactured. But due to certain limits and possibilities associated with electric propulsion, it isn’t clear which technologies will lead. However, one group of engineers are pioneering the way forward, with what they call…
Always one for surprises, Sergio Marchionne, CEO of both the Fiat Group and Chrysler announced that he would be creating a combined entity between Fiat Auto and Chrysler. He also went on to reveal to everyone’s amazement, that Chrysler had made an operating profit of $143m in the first quarter and that net debt had…
According to the IMF, who recently released its latest World Economic Outlook – the global economy is likely to expand by 4.2% in 2010. But economic performances will vary around the world – America’s forecast was revised and upped 0.4% to 3.1%. The euro area unfortunately saw no change, but estimations that it may only…
