New study: Aldi, Walmart and Kroger drop prices when Lidl opens nearby

Lidl, the German discount supermarket chain known for high quality and low prices, has opened dozens of stores in the United States over the past six months. But what effect is Lidl really having on the grocery wars? A new report says it’s forcing other retailers to lower their prices! RELATED: How I cut my food… Please follow and like us:

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Germany to add China’s yuan to currency reserves

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalise the currency and helping send the unit to two year highs. The Bundesbank said its board had decided in July to invest in the renminbi, as it is also known, to take account of its… Please follow and like us:

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Asia markets extend rally as Hong Kong eyes record

Asian traders continued their blistering start to the year on Monday with most markets rising and Hong Kong within spitting distance of its record high, while the euro extended its gains against the dollar. Wall Street once again provided a strong lead on the back of optimism about corporate earnings in light of Donald Trump’s tax… Please follow and like us:

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France, Germany to unveil eurozone reforms in March

Germany and France will offer their joint vision for reforming the eurozone by March, German Chancellor Angela Merkel said on Friday, in an effort to bridge divisions over the future of the single currency. Meeting without departure-bound Britain, the bloc’s 27 leaders were tasked by EU President Donald Tusk to speak freely about their often clashing… Please follow and like us:

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GERMANY – Germany facing political crisis as coalition talks collapse

Chancellor Angela Merkel was left battling for political survival Monday after high-stakes talks to form a new government collapsed — plunging Germany into a crisis that could see it hold fresh elections. Europe’s biggest economy now faces weeks, if not months of paralysis with a lame-duck government that is unlikely to take bold policy action. Germany’s… Please follow and like us:

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Europe’s supercharged antifa coming to America

The masked left-wing extremists known as “antifa” are notorious in the United States. But it’s nothing compared to what already exists in Europe. “Welcome To Hell” read the antifa banners during the G20 riots in Hamburg over the summer. Antifa groups in Europe are better organized and funded than their American counterparts and are far more… Please follow and like us:

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Europe – Airbus warns of fraud probe damage despite profits leap

European aircraft-builder Airbus announced a leap in profits in the third quarter of 2017 but warned that its financial performance could take a hit from corruption investigations in France and … “The investigations initiated by the UK’s Serious Fraud Office (SFO) and France’s Parquet National Financier (PNF)… could have a material impact on the financial statements,… Please follow and like us:

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Germany, Canada, China Are Terrified of U.S. Corporate Tax Cut, Says Stephen Moore

Economic policy analyst Stephen Moore said Wednesday on “The Laura Ingraham Show” that the problem with modern-day liberalism is that “liberals want to be pro-jobs but they’re anti-business.” Moore, a visiting fellow at The Heritage Foundation, served as one of Trump’s top economic policy advisers during his 2016 campaign. He said Wesdnesday that “every single” economic… Please follow and like us:

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Chastened Deutsche Bank plots more moderate course

As it emerges from years dogged by scandal, Germany’s biggest lender Deutsche Bank aims to up profitability and reclaim a place on the global stage to rival giant American competitors. But the bank warns profits will never again reach the risk-fuelled heights of the pre-financial crisis era as it grinds through a deep restructuring, adjusts to… Please follow and like us:

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AfD In 3rd place in German election polls: Unhappy political marriages

German Chancellor Angela Merkel By Mike “Mish” Shedlock German federal elections are Sunday, September 24. The most likely outcome of the election is another “Grand Coalition” but it will be a much-weakened coalition. And If that coalition forms again, the rightwing AfD party is poised to become the largest opposition party. Rightwing Turning Point The Wall… Please follow and like us:

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Real rates in a -2.5% deep hole in Germany

Francesco Filia – Measuring the Bond Bubble A key conviction of ours is that we live through a Twin Bubble in asset markets: an Equity Bubble, particularly in the US, and a Bond Bubble, particularly in Europe. We know how we got here: the irresistible push of 10 years of massive passive public flows by major… Please follow and like us:

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Stock markets snap back

Global stock markets rebounded Tuesday with traders brushing off a slump in German investor confidence, although concerns lingered over US President Donald Trump’s economic agenda and geopolitical crises. Indices had begun the week lower, with share prices also pressured in recent sessions by the terror attacks in Spain as investors sought haven investments such as the… Please follow and like us:

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China, US to join forces on economy

President Xi Jinping with US President Donald Trump on Saturday in Hamburg, Germany YAO DAWEI / XINHUA Second meeting of presidents promotes trade, military plans The latest meeting between President Xi Jinping and his US counterpart, Donald Trump, was productive and reassuring to the world, experts said, as it confirmed ongoing discussions about an ambitious economic… Please follow and like us:

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Trump at the G-20: Fake news, nothing burgers and body language rule media coverage

WASHINGTON, July 8, 2017 – If the media are to be believed, Agent Orange just had a very public meeting with his very secret Russian handler, Vladimir Putin. It occurred before the assembled world press covering the G-20 economic summit in Hamburg, Germany. President Trump attending his first such confab since “winning” the U.S. presidency last… Please follow and like us:

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Watch The G20 Summit Live

The G20 summit, where 20 of the world’s largest economies converge in Hamburg for a two-day meeting, promises to be higher-stakes than normal this year. If you want to follow all the action from the mainstream conference agenda, you can do so here: Highlights include a session in which leaders are set to discuss climate-related issues… Please follow and like us:

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