March 03, 2021
EU’s Financial Watchdog Warns Airline Bailouts May Ignore Passengers
Airline passengers may have been unfairly treated while European Union’s regulators raced to approve bailouts to struggling carriers, the EU’s financial watchdog warned. The European Court of Auditors (ECA) stated...
March 02, 2021
Top EU Court Backs Italian Bank Bailout
Italy’s bailout of ailing bank Tercas six years ago did not involve State aid, Europe’s top court stated on Tuesday, March 2, in a setback to EU competition enforcers that...
October 28, 2020
New COVID-19 Wave Crashes Through Global Economy
It’s been a week of all the wrong kinds of COVID-19 records getting set all over the world. In the United States, the average number of new daily cases hit...
August 10, 2020
What Overcoming Inertia Tells Us About The Future of Physical...
By now, you’ve no doubt heard the story about how Isaac Newton turned quarantining during London’s outbreak of the Bubonic Plague between 1665 and 1667 into a time of great...
July 28, 2020
Up in the Air: Airlines and Competition Policy in Times...
By Georgiana Pop & Gonçalo Coelho (World Bank Group)1 Introduction The COVID-19 outbreak took a swift but tremendous toll on the airline industry. In the course of a few...
July 17, 2020
Chinese Regulators Take Over Nine FIs
Chinese regulators have seized control of nine financial institutions (FIs) alleging they violated rules and jeopardized the country’s financial system. The Wall Street Journal reported the China Banking and Insurance...
July 06, 2020
Number Of Homeowners In Mortgage Bailout Program Drops By 104K
The number of homeowners in the mortgage bailout program under the federal CARES Act fell by 104,000 from June 23 to June 30 — the largest one-week drop since the...
June 29, 2020
Nationwide Insurance Chief Economist Encourages Conditional Retail Forecasts
Retailers looking for the shape of an economic recovery have had several letters to choose from. There’s the “hoped for” V-shaped recovery that heralds a quick return to pre-COVID consumer...
June 10, 2020
EU Clears Portugal’s €1.2B Airline Bailout
The Portuguese government’s decision to grant national airline TAP a €1.2 billion (US$1.37 billion) rescue loan was approved by the European Commission’s competition authorities on Wednesday, June 10, which cited...