Category: Economy

UBS Turns Bearish On Stocks For First Time Since Financial Crisis With more than $2.48 trillion AUM, UBS Global Wealth Management is one of the world’s largest asset managers. And now, for the first time since the financial crisis, the Swiss bank has dropped its rating on equities to ‘underweight’ as it braces for a …

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EU Citizens Moving To UK Halved Since Brexit Vote New statistics published by Britain’s Office for National Statistics (ONS) show that the number of EU citizens moving to the UK for work has halved since the Brexit referendum. As Statista’s Niall McCarthy notes, in the year ending June 2016, the number of people moving to the UK for …

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Could We Be Wrong About Where "The Big One" Will Strike? Earthquakes Are Occurring In Areas We Never Expected Authored by Dagny Taggart via The Organic Prepper blog, Last week, a county in central Kansas experienced something quite unusual for the region: within a five day period, there were eleven earthquakes. Kansas is not a …

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'This Is An Appalling Kowtow To Beijing' – Hong Kong Workers Fired For Supporting Protests They’re calling it the “white terror”. Employees at Hong Kong-based companies, most notably the airline Cathay Pacific, are being fired or otherwise dismissed for supporting the anti-extradition bill (now pro-democracy) protests. On Friday the head of Cathay’s Flight Attendants’ Association …

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"I Feel So Scared": Why Crewmembers Of Hong Kong's Biggest Airline Are Terrified Of China Roughly a week to the day that pressure from Beijing forced out the CEO Of Cathay Pacific airlines and one of his deputies (both “quit” under pressure from Beijing’s airline regulator and mainland companies aligned with the CPC), the Washington …

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Germany Threatens Refugee Status Of Migrants Who Take Syria Vacations Migrants in Germany who return to Syria for holidays may lose their refugee status, according to German Interior Minister Horst Seehofer.  <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> “If somebody, a Syrian refugee, regularly takes holidays in Syria, he cannot honestly claim to be persecuted in Syria,” Seehofer told Bild …

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Mercedes Caught Spying On Drivers With Tracking Devices, Sending Info To Bailiffs  Mercedes has admitted to spying on drivers with covert tracking devices.  <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> The company says are only activated in “extreme circumstances,” such as when finance customers have defaulted on payments – however the car company has also admitted to sharing …

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Why A Typical Keynesian Stimulus Package Won't Help Germany Today, we show you another ugly chart about the German economy. Last week, Destatis confirmed that the economy shrank by 0.1% QoQ in the second quarter and, as Saxobank’s Christopher Cembik points out, based on the very weak start to Q3, especially the latest ZEW, the …

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Russia To US: No Plans To Install New Missiles Unless You Deploy First Following the final collapse and formal pull out by both sides of the Intermediate Nuclear Forces (INF) treaty earlier this month, which was preceded by months of threats and counter-threats between the US and Russia, Moscow says it will refrain from deploying new …

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US Joins Secret Talks Between Israel & UAE Targeting Iran Authored by Jason Ditz via AntiWar.com, Secret talks have been ongoing between Israel and the United Arab Emirates, focused on sharing intelligence against Iran and possibly military cooperation. The talks have progressed to the point that the US is now joining the talks too. Israel and the UAE …

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