Inmigration in Germany is not a new topic. The country is the second most popular migration destination in the world, after the United States. In fact, some 11 million of the people currently living in Germany were actually born elsewhere. The controversial refugee movement and last poor German demographic trends published make immigration resurface as an opportunity to boost German’s potential growth.
By Fang Xiangliang and Coco Feng via Caixin | In 1999, Luo Lin quit his secure job at China National Petroleum Co. (CNPC) and founded his own private firm providing services to the massive state-owned oil giant. Back then he couldn’t have foreseen the dramatic ups and downs that would characterize the 25-year transition that such smaller oilfield service companies have experienced.
José Benito de Vega | Axiare has outperformed the other listed Socimis, as well as the IBEX-35 since it made its market debut in July 2014. The rise in the company’s NAV per share has reflected this upbeat trend, increasing over 30% in three years.
via Macropolis | Maybe the dial in his mind was still switched to the rigours of the Dutch elections or possibly his focus was on former colleagues who might now want to challenge him for his post as Eurogroup president. Whatever the case, Jeroen Dijsselbloem exposed one of the ugliest and most damaging sides to the discussion about the eurozone since the crisis broke out in the single currency area.
Ian McCredie | President Trump told the House GOP conference just before the fateful health care debacle that if they did not pass the bill: “I honestly think many of you will lose your seats in 2018.” This was the day after the heads of both the FBI and the NSA publicly exposed Trump as a liar for accusing former President Obama of wiretapping Trump Tower in the run-up to last year’s presidential election.
Fernando Rodríguez| Sovereign funds have invested 28.3 billion euros in Spanish companies in the period 2011-2016. Norway’s sovereign fund GPFG alone closed last year with a portfolio of over 12 billion euros in Spain, with shares in 75 companies and over 3.5 billion euros in government debt.
Indra’s digital transformation unit Minsait is giving a new boost to the construction of solutions with great innovative content in the realm of smart cities through its participation in the European R&D program Smart Cyber Physical Systems Engineering (CPSE) Labs.
Italy’s government debt could set to be 133% of GDP this year – a level that is some 34% higher than it was at the end of 2007. Meanwhile, Ireland’s debt shot up as the government had to bail out the housing and banking sectors post-2007 and by 2012 it was very close to the same level as a percentage of GDP as Italy’s (123%9).
Goldman Sachs has reached an agreement to sell its Spanish energy business Redexis to a consortium formed by First State and CPPIB for 2 billion euros. Corporate transactions in Spain’s gas sector have been in focus over the last few months, benefiting Gas Natural’s share price.
Nick Ottens via The Atlantic Sentinel | Brexit fundamentalists scored another victory on Wednesday, when the United Kingdom began the process of withdrawing from the European Union without a plan for what comes next.