Europe's growth
ECB: Risk of new debt crisis in Europe
The Eurozone risks being hit by yet another debt crisis if growth does not reverse. This is what the European Central Bank writes in its financial stability report.
The central bank is concerned about the area's large debts in combination with weak growth.
"Headwinds to economic growth from factors such as weak productivity make elevated debt levels and budget deficits more likely to reignite concerns about debt sustainability," the central bank writes.
ECB: Risk of new debt crisis in Europe
The Eurozone risks being hit by yet another debt crisis if growth does not reverse. This is what the European Central Bank writes in its financial stability report.
The central bank is concerned about the area's large debts in combination with weak growth.
"Headwinds to economic growth from factors such as weak productivity make elevated debt levels and budget deficits more likely to reignite concerns about debt sustainability," the central bank writes.
The monopoly position of the tech giants
The price tag for Google Chrome: 220 billion
Tech giant Alphabet's browser Google Chrome can be sold for 20 billion dollars, equivalent to 220 billion kroner, if the court gives the green light to break up Google. That is according to sources for Bloomberg.
The price is based on the number of users, but the revenue is also based on the fact that Chrome is integrated with, among other things, Google's advertising operations. According to Bob O'Donell at Techanalysis research, it is difficult to calculate the possible profits for other companies to own Chrome.
- It is not clear how you measure it from a purely revenue-generating perspective, he tells Bloomberg.
The price tag for Google Chrome: 220 billion
Tech giant Alphabet's browser Google Chrome can be sold for 20 billion dollars, equivalent to 220 billion kroner, if the court gives the green light to break up Google. That is according to sources for Bloomberg.
The price is based on the number of users, but the revenue is also based on the fact that Chrome is integrated with, among other things, Google's advertising operations. According to Bob O'Donell at Techanalysis research, it is difficult to calculate the possible profits for other companies to own Chrome.
- It is not clear how you measure it from a purely revenue-generating perspective, he tells Bloomberg.
Volkswagen's crisis
Volkswagen is threatened by the biggest strike of the decade
The German trade union IG Metall is threatening the biggest strike of the decade if carmaker Volkswagen does not change its restructuring plans.
- We will say what we demand and give our own proposals, says the trade union's head of negotiations Thorsten Gröger during a press conference according to Direkt.
The automaker has already announced that at least three German factories are slated to close. The parties will meet for negotiations on Thursday.
Political situation in Great Britain
Energy costs pull up UK inflation more than expected
Inflation in Great Britain unexpectedly rose 2.3 percent after energy prices rose, writes Bloomberg.
The Bank of England's forecast for the month of October was 2.2 percent. At the same time, the important service inflation came in line with the central bank's forecast.
Inflation is expected to remain above the target well into 2025.
- Inflation is likely to rise from here with rising energy prices, effects of the budget and global trade barriers, says Institute of Chartered Accountants chief financial officer Suren Thiru to The Guardian.
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