Union Bancaire Privée (UBP) | Most analysts and economists believe global growth will remain solid, despite political and geopolitical uncertainties, in the second half of 2017. Economics and corporate earnings will be the main drivers for the markets.
Spain is well on track for another record tourism year after welcoming 36.3 million tourists in the first half of 2017, a 11.6% increase from a year earlier, according to the Tourist Movement on Borders (Frontur) survey, released by the National Statistics Institute.
Nick Ottens via Atlantic Sentinel | A year has passed since Britain voted to leave the European Union and huge questions remain unanswered. For example, what’s going to happen to Britain’s £700 billion trade with the EU? or how many planes will be allowed to fly across the Channel once Britain exits Europe’s open-skies regime?
UK Prime Minister Theresa May’s call for a general election on June 8 is a very important coup for the Brexit process. It assumes these elections will allow her to bring together a lot of favourable intent, when the opposition is trying to find itself. With her majority reinforced, she will be in a stronger position to negotiate the Brexit deal.
By Alexander Coward|While it was a tragic day for those whimsical souls who see the lie in the notion of Britain being a modern great power, recognizing its status as a medium-sized country that used to have an empire, when Article 50 was triggered on March 29 it was not a sad day for Europe.
As the Easter week holiday kicks off, the positive outlook for Spain’s tourism and hotel sector augurs yet another record-beating season. During this week, the occupancy rate in some tourism areas in Andalucia will be almost 100%, while on the islands nearly 90% occupancy is predicted.
All European Union members except the UK are meeting today in Rome to celebrate the 60th anniversary of the so considered seed of their club: The treaty of Rome. An event with a bittersweet taste however since the participants will start designing a common strategy on Brexit, the first exit of a member state.
By end March, the UK will trigger the nuclear button splitting it from the European Union. A landmark decision which will determine both parties’ future, irrespective of the side of the English Channel they find themselves on.
The UK Supreme Court dismissed on Tuesday the government’s argument that May could simply alone to invoke Article 50 to begin two years of divorce talks. Considering conservative majority in Parliament that passing a bill should not force PM to reconsider her “hard brexit” plans. Dissenting MPs can successfully amend the bill to increase scrutiny over negotiations.
Last year, IAG transported 100.67 million passengers (+14%) and improved its occupancy rate to 81.6%, (+0.2%), thanks to a good performance from its routes to Europe and North America.