Economy

Economy
EU Central Bank Warns Of 2019 Global Slowdown
December 27, 2018

The European Central Bank warned Thursday (Dec. 27) that the economy on a global basis is headed for a slowdown next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Consumer Spending In UK Falls In November Despite Black Friday
December 17, 2018

Consumer spending in the U.K. last month took its largest fall since July as worries about Brexit weighed on consumer confidence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
EBA: No-Deal Brexit Would Hurt UK Payment Firms
December 16, 2018

Payment providers in the U.K. are not fully prepared for the chance of a no-deal Brexit, warned the European Banking Authority late last week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Ex-Fed Chief Yellen: Deregulation Risks ‘Gigantic Holes’ In Financial Systems  
December 12, 2018

Can it happen again? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing...

Economy
What Delayed Brexit Vote Means For Financial Services
December 11, 2018

A critical vote on Brexit has been delayed in Britain’s parliament.  What happens next is anyone’s guess, and might even include the exit of Brexit (though unlikely).  Here’s a look at the various scenarios and the ways that financial services may be impacted – or...

Economy
Citi: Facebook, Google Hiring Decline Signals Job Growth Peak
December 09, 2018

Facebook and Alphabet, the two tech heavy hitters, have been curbing hiring, which Citi analyst Mark May said could signal a peak in overall job growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Brexit Spooks Investors In Mall Landlord Intu
November 30, 2018

Although a Brexit deal is in the works, three companies have backed out of a potential £2.9 billion buyout of mall landlord Intu due to concerns about the U.K.’s impending exit from the European Union. Get the Full Story Complete the form to unlock this article...

Economy
Report: Americans Anxious About Bills; Almost Half Pay Late
November 29, 2018

Six out of every 10 Americans are anxious about their bills, and almost half (46 percent) pay them late, according to a report by the Aite Group that is sponsored by ACI Worldwide and Visa. Get the Full Story Complete the form to unlock this...

Economy
London Could Lose Billions In Banking Assets As A Result Of Brexit
November 29, 2018

Frankfurt Main Finance, the lobbying group, is warning that London will lose up to €800bn (£700bn) in assets to Frankfurt by March as banks begin moving business to Germany ahead of Brexit. Get the Full Story Complete the form to unlock this article and enjoy unlimited...