“Covid-19 expected to trigger a massive plunge in foreign direct investment and reinforce protectionist policies among leading recipients.” – by Yigal Chazan
US
US Fed Cuts Rates to Zero
“The effects of the coronavirus will weigh on economic activity in the near term and pose risks to the economic outlook. In light of these developments, the Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent. “
Brexit Britain faces the gunboats (Politico)
US-UK Trade Deal: “Securing a trade deal with the US could require foreign policy concessions.” by Emilio Casalicchio
Largest US banks double profits in past decade (FT)
“The past decade has been kind to America’s biggest banks.” – Rob Armstrong and Laura Noonan
Trump impeached in historic rebuke (Politico)
“For only the third time ever, the House recommends a president’s removal from office.” – by Kyle Cheney and Andrew Desiderio
US leveraged loan default rate hits 9-month high (LCD News)
“Though the trailing default rate in leveraged loans has remained stubbornly below its 2.9% historical average, several indicators point to increasing pressure.” – by Rachelle Kakouris
EU disunity on US’s anti-Nord Stream 2 push (Politico)
“The European Commission doesn’t like the Nord Stream 2 gas pipeline. But it also doesn’t like the idea of the U.S. imposing sanctions to stop the Russia-backed project.” – by Anca Gurzu
What is in store for the EU’s trade relationship with the US ? (Bruegel)
“If faced with a resurgent President Trump after the next US election, the EU will have some difficult decisions to make as it is compelled to enter a one-sided negotiation. Failure to strike a deal will imperil the world’s largest trade relationship and contribute to the progressive unravelling of the rules enshrined in the World […]
A Warning From Europe: The Worst Is Yet to Come (The Atlantic)
Polarization. Conspiracy theories. Attacks on the free press. An obsession with loyalty. Recent events in the United States follow a pattern Europeans know all too well.