Business And Finance

A select group

  When Cisco was crowned as the world’s biggest company by market value in April 2000, its boss hoped it would go on to become the first firm worth over $1 trillion. But its reign was to prove short-lived: deposed by Microsoft two days later, it never regained top spot. It is now in 53rd place. Cisco may be a ...

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Trade in the balance

THE past two decades have left working-class voters in many countries leery of globalisation. Donald Trump, the billionaire television star who promises to slap a 45% tariff on Chinese goods if elected president of America, has partly based his candidacy on this angst. Economists tend to scoff at such brash protectionism; they argue, rightly, that trade does far more good ...

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The fallibility of central banks

CENTRAL banks have become the most powerful economic actors on the planet. In part, this is because governments have been so reluctant, since 2009, to use fiscal policy to stimulate their economies. In part, also, it is because the powers of central banks are vast, especially since they have discovered the ability to create money via quantitative easing (QE). This ...

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Heathrow’s days as Europe’s busiest airport are numbered

JUST two years ago, Heathrow airport in London was the busiest international airport in the world. Last year, it lost its mantle to Dubai. It is still, at least, the busiest in Europe. Though probably not for much longer. According to statistics released by ACI Europe, an airport association, around 75m flyers passed through Heathrow in 2015, an increase of ...

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Get ready for dividend cuts

REINVESTED dividends are the main source of long-term equity returns. And a high divdend yield is a big argument for buying equities. But caveat emptor. When an individual stock has a high yield, that is a sign that the market expects the future dividend will be cut. The same can be true of the overall market. That looks to be ...

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