George Hay coordinates European financial coverage and writes about macroeconomics, the euro zone and UK/European financial policy. He covered European banks for Breakingviews during the financial crisis, and has also worked as a correspondent for AFX News and at United Business Media. He attended Edinburgh University and his work has been recognised at the UK’s Business Journalist of the Year Awards. Follow George on Twitter @gfhay
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Low oil prices mean Moscow either has to cut public spending, raise commodity taxes or accept a high budget deficit. Flogging minority stakes in state companies would be one way out. But new hints of a possible deal with OPEC to cut production offer a cleaner solution.
Britons are warming to the idea of Britain leaving the European Union, says a new Breakingviews Brexit index. It crunches nine different metrics to show the “Out” camp is gaining ground. The inputs include asylum applications, consumer confidence – and Daily Mail front pages.
The UK bank’s former adviser Amanda Staveley is suing over aspects of an 11.8 bln stg capital raising. For Barclays, the financial positives from dodging a state bailout outweigh the negatives. But shareholders now also see reputational and ethical issues as more important.
- What happens in Baku may not stay in Baku
- UK takes middle road with new bank conduct tsar
- Brexit trial run gives glimpse of post-vote mess
- Credit Agricole's tortuous saga takes hopeful turn
- NAB sets suitably low bar for Clydesdale float
- UK bonus clawback plan is too complex for comfort
- Aegon investor cheer more about cash than capital