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Vadim BlauStein explains how Customs Union can work for the benefit of the Netherlands after Brexit

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Mr. Blaustein, what can you say about the current state of the customs situation in the EU? Vadim Blaustein: At this moment, 28 of the EU member states participate in the Customs Union - an agreement decades old, an instrument towards the liberalisation of trade in Europe, which subsequently became the cornerstone of the EU itself. Throughout its years of existence, it was gradually developing towards harmonisation of legislation, unification of tariffs and customs procedures in the participating states and designing of single trade policie... Read More »

Belgium sells 2.53 bln euros of short-term debt

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Yields on three-month paper rose to a negative 0.570 percent from a negative 0.621 percent last week. Paper expiring a year from now also rose compared to the last auction of 2017 to a negative yield of 0.546 percent. Investors have paid rather than received interest on holding Belgium's short-term borrowings for more than three years. ($1 = 0.8384 euros) ... Read More »

World Bank issues warnings on interest rates and inflation

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Financial markets are complacent about the risks of sharply higher interest rates that could be triggered by better than expected growth in the global economy this year, the World Bank has warned. The Washington-based organisation said that much of the rich west was running at full capacity as a result of a broad-based upswing in activity, but were now vulnerable to a period of rising inflation that would prompt action from central banks. Launching the Bank’s global economic prospects, the lead author Franziska Ohnsorge said: “There could be fa... Read More »

Spain agrees 4 percent rise in minimum wage for 2018

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pain’s economy emerged from recession in 2013 and become one of the fastest growing economies in the euro zone. However, many of the jobs created during the recovery have been temporary or part-time, leading to low wages and rising inequality. Unions have long asked for wages to rise to reflect Spain’s strong economic growth. The government’s end-of-year growth forecast is 3.1 percent. On Tuesday, they said they were pleased with the wage increase. “It is a boost to rebuild the salaries of people who lost most in the economic crisis,” sai... Read More »

Burton Mills: Germany to Post Budget Surplus

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Burton Mills: Projected budget surplus would be a win for Angela Merkel’s administration and the parties it hopes to form a coalition with. According to recent reports, Germany could announce a budget surplus of 14 billion euros this year. A budget surplus of this size would give Chancellor Angela Merkel’s conservative party significantly more room to negotiate as it attempts to form a new coalition with the Greens and Free Democrats. Taipei, Taiwan- based investment house Burton Mills’ economists stated that the new budget projections we... Read More »

Burton Mills: China Economy Continues to Slow

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Burton Mills: China’s economy slows as authorities crack down on pollution and speculative financing. With fixed asset investment, industrial activity and retail sales falling short of expectations last month, China’s economy slowed further as the government implemented a hard approach to factory pollution and debt risks. Beijing is now in its second year of a program to decrease elevated levels of debt as the government is concerned that unsafe lending practices could endanger the economy. Data recently released by Burton Mills indica... Read More »

Clifford Beaumont: Japanese Economic Growth Rises For 7th Consecutive Quarter

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Japan's economy has posted seven consecutive quarters of growth in what has been the longest run of growth in over a decade. Latest statistics showed gross domestic product (GDP) increased at an annualized rate of 1.4% in the 3rd quarter of 2017. The latest quarterly numbers come after nearly 5 years of controversial economic stimulus by the Bank of Japan at the behest of Prime Minister Shinzo Abe. The expansion has been driven largely by a robust export sector buoyed by stronger global demand for Japanese products and has helped offset weak... Read More »

Burton Mills: Britain’s Economic Growth to Remain Weak

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Burton Mills: Economists expect the UK’s economy to grow at a rate well behind its peers in the coming years. Burton Mills: British economic expansion will continue to be slow over the next several years, falling far behind the country’s peers, and could end up being even further behind than economists currently predict with most reporting that risks to their forecasts are to the downside. These recent findings by Taiwan-based Burton Mills are in stark contrast to a survey published earlier this year which indicated that economists were a... Read More »

Clifford Beaumont: UK Retail Sales Tumble

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(1888 PressRelease) Clifford Beaumont: UK consumer spending at 13 year low in October as BoE increases rates for first time in more than a decade. UK consumer spending dropped at its most accelerated rate in more than a decade. The last October to see consumers restrict spending as much was October 2008. With inflation rising, consumers drastically reduced their purchases of non-essential and non-food goods according to a recent survey by Taipei, Taiwan-based investment boutique, Clifford Beaumont. According to the BRC (British Retail ... Read More »

Clifford Beaumont: Regulators Warn EU to Prepare for Brexit

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1888 Press Release - Clifford Beaumont - Felix Hufeld urges the European Union to prepare temporary solutions in order to transition a post-Brexit world without market distortion. According to Germany’s financial watchdogs, European Union regulators require interim solutions in order to safeguard against market distortions in the event of British-based banks facing a Brexit without a trade deal. Analysts at Clifford Beaumont believe that the UK’s departure from the EU will not be an easy transition given that numerous rounds of negotiatio... Read More »

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