Turkey elections pave way for bad economic choices 1 Apr 2019 Setbacks that President Tayyip Erdogan suffered in local elections came after the economy tipped into recession. He will be all the keener on policies that will stimulate activity in the short run. Investors would prefer reforms to boost investment and may take fright again.
Brexit gives easyJet handy excuse for summer blues 1 Apr 2019 The low-cost airline blamed political turbulence in Britain for weak passenger demand. Anaemic euro zone growth is probably a bigger culprit. With fuel costs rising and air-traffic disruption still likely, easyJet will struggle to repeat last year’s high-flying performance.
Nio’s financial road rage accomplishes very little 1 Apr 2019 As part of its IPO, China’s $5 bln Tesla wannabe blocked advisers including Citi and Goldman from working with rivals for a year, Reuters reports. Such cutthroat tactics betray a new sense of urgency in the electric-car race. Neither Nio nor bankers have much to gain, however.