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...While union representatives on corporate boards are rare in the US, Germany has adhered to “co-determination” for decades, a system that gives labour a voice at the board level at larger companies....
...President Joe Biden has called for higher taxes on the wealthy and large corporations, taken a tougher approach to antitrust enforcement, sided with labour unions in contract negotiations and criticised...
...“We expect a much larger number of reports than so far received,” said Jürgen Landgrebe from Germany’s federal environment agency UBA....
...the 2008 financial crisis, there has been a push to move as much bilateral derivatives business — eg interest rate swaps — as possible onto central counterparties (CCPs) in order to reduce counterparty credit...
...What now for the ‘golden age’ of private credit? It was a boom year for private credit....
...The Federal Trade Commission last month sued to block Kroger’s $24.6bn bid to buy rival Albertsons, the largest supermarket deal in US history....
...Instead, banks would have to rely on more traditional, standardised assumptions that measure how risky assets are by using credit ratings from agencies....
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...It scrutinises safety culture, safety management systems and a federal programme, known as Organization Designation Authorization, which allows federal aviation regulators to assign the authority to inspect...
...Students at Munich’s technical university are able to take part in programmes at UnternehmerTUM as part of their degrees, where they are able to receive the same amount of credits as for an academic course...
...Nominal credit card debt hit a record $1.13tn in the last three months of 2023, growing at one of the fastest rates in more than 20 years, according to the New York branch of the Federal Reserve....
...US commerce secretary Gina Raimondo has called for boosting the Philippines’s chip sector as Washington seeks to deepen defence co-operation with its oldest Asian ally....
...“The fragmentation is still there, the capital markets union is more wishful thinking than reality. You have to go [through countries] one by one. It is a trench war.”...
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...(For context, total emissions of all greenhouse gases in 2022 were 53.8bn tonnes of CO₂ equivalent.)...
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...The Federal Trade Commission has sued to block Kroger’s acquisition of Albertsons, threatening the largest supermarket merger in US history in the latest sign of Washington’s crackdown on anti-competitive...
...As Belgium is a federal state, Flanders has its own government, too, which controls more than half of state spending....
...Private equity firms that buy out companies are taking advantage of a recovery in global corporate bond and loan markets, after the Federal Reserve signalled that inflation had been sufficiently tamed for...
...The Customer Union for Ethical Banking, the independent union for Co-op’s customers, said a successful deal would “align perfectly with our dual goals: preserving the bank’s world-leading ethical standards...
...In contrast, the strength of the US economy and high levels of government spending relative to taxes could persuade the Federal Reserve to keep interest rates high for some time, say investors, which could...
...“High rates have crushed loan demand from firms and households,” said Neville Hill, co-head of consultants Hybrid Economics, adding that the latest figures showed inflation and domestic demand were likely...
...The divergence between European and US credit spreads has played out primarily at the weakest end of the credit quality spectrum....
...The recovery in global corporate bond and loan markets began after the Federal Reserve signalled it sees a path to cutting interest rates later this year....
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
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