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Book of the Month                               

This month we are recommending "The Cul-de- Sac Syndrome: Turning Around the Unsustainable American Dream".
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Financial Market News


Global Economic News from the Financial Times

  1. US stocks hit by profit fears and rising bond yields
    Caterpillar suggests first-quarter earnings are a ‘high watermark for the year’
  2. Chinese banks under pressure from Beijing to boost capital
    Shadow banking curbs force lenders to bring shadow loans back on to balance sheets
  3. China’s car concession not enough to halt a US trade war
    Changing rules that have constrained US companies will not shift Washington thinking
  4. Apple to start paying €13bn to Ireland over back tax claim
    Funds go into escrow while Brussels ruling on illegal state aid challenged
  5. Daily briefing: Alphabet spending splurge, Amazon home robot, London pocket homes
    Advertising revenues soar for Google but margins hit a record low
  6. ‘High spirits evaporate’ for German businesses — Ifo
    Decline in revamped Ifo gauge contrasts with stabilisation in PMI
  7. Australian dollar hovers at 4-month low after soft Q1 inflation
  8. Has economics failed?
    Two experts debate the future of the discipline
  9. Who creates a nation’s economic value?
    A challenging analysis that forces us to reconsider how our economies work — and who it works for
  10. Emerging market current account surplus falls to 20-year low
    Global trade patterns start to normalise with China potentially heading for deficit