Bankinter | The US Senate finally approved the MoU to avoid double taxation with Spain, which will mean a tax cut for companies which operate in both countries. The current MoU dates from 1990 and the one ratified some days ago was signed in 2013.
Esty Dwek (Natixis) | Ongoing weakness across manufacturing and trade shouldn’t be a surprise, but service sectors continue to hold up, even showing a small rebound in June. Overall, we expect slower but stable growth around trend levels for the major economies.
Donato Ndongo-Bidyogo | It is today unquestionable that containing the natural deterioration of our planet requires actions, not just words.
Miguel Navascués | There are many signs that the public think the crisis is over. One is the bankruptcy of Podemos, but there are many more. But has it ended? I doubt it.
Fernando Fernández (IEAF) | Perhaps the moment has arrived to abandon the temptation to arbitrate, to recover humility and discuss what should be the aim of monetary policy.
The European Union and Mercosur clinched a huge deal for trade on Friday after 20 years of conversations. According to Brussels, this will consolidate strategic political and economic partnership between the two blocks and create significant opportunities for sustainable growth on both sides. But as soon as the deal was announced, some EU leading agricultural unions spread the message that the agreement was a threat to their activity.
At the G-20 Leaders Summit in Osaka, Japan, Chinese president Xi Jinping proposed several measures to further open his country’s market. For example, to enact a Foreign Investment Law at the beginning of 2020 that will introduce a penalty system for IP infringement.
Craig Willy via Fair Observer | It will be a busy few years for Japan, which hosts the G20 summit on June 28-29 followed by the Tokyo Olympics in 2020. The international attention sparks questions concerning how durable its economic success will be.
Anthony Chan (UBP) | In the run-up with regards to the on-going Sino-US trade talks, we have seen the carrot-and-stick approach from both sides as they leverage their respective negotiating power.
In its last report about Big tech in finance, the Bank of International Settlements (BIS) warns about the risk of a “digital monopoly” of tech companies which own their clients´ information for free.