As the trade war between China and the U.S. continues to escalate, both sides exchanged salvos in early July with the U.S. imposing 25 percent tariffs on $34 billion worth of imports from China, followed by a similar response from China.
31 Jan 2018
BBVA Compass assembled a worldly-wise panel in Houston last week to help its Global Markets clients, all of whom maintain assets outside the U.S., sort through the barrage of global economic news to better understand the risks.
29 Sep 2017
After seven years of negotiations, the Canada-Europe Trade Agreement, CETA, has entered into force provisionally. Under this bilateral agreement, the most ambitious signed to date by Brussels, most custom duties levied on trade flows between both countries will be scrapped.
21 Sep 2017
Dreamers are individuals who were brought to the United States before the age of 16 and who don’t have lawful immigration status. They’re pursuing the American dream. They came to the United States as children and many of them discovered as adolescents that they had entered the country without documents. They’re the “dreamers” – immigrants and, most of them children of immigrants who are trying to escape from their legal limbo.
24 Jul 2017
For every 100 euros European citizens earn, they pay an average of 50 euros in taxes and contributions. Of the amount they pay in taxes, only 1 euro is devoted to financing the budget of the European Union. Thus, in total, Europe manages a budget equivalent to 1% of the gross national income of its Member States. However, the way this money is invested has a direct impact on the lives of Europeans.
The current climate of change inside and outside Europe has led the European Commission to reflect on the future of its public accounts. In the document entitled ‘The Future of EU finances‘, the Commission analyzes the current configuration of the budget and its future options. This document is part of a series of reflections brought about by the White Paper on the future of Europe, which set forth the different challenges and scenarios the EU will be facing through 2025.
03 Mar 2017
23 Jan 2017
Just like in past editions, the 47th World Economic Forum annual meeting in Davos drew worldwide attention. Hard brexit, Donald Trump’s presidential inauguration, employment, the future of Europe, the transformation of the banking industry and the challenges for 2017 after a somewhat turbulent year, were the themes that dominated the debate.
27 Dec 2016
Now that the end of 2016 is just a few hours away, it may be the right time to take a look at some of the highlights of a politically charged year. Elections, referendums, resignations and international events marked the course of the world and grabbed endless headlines.
08 Nov 2016
BBVA Executive Chairman Francisco González presented this afternoon in the European Parliament the book La búsqueda de Europa (The Search for Europe), published by BBVA through OpenMind, the institution’s knowledge platform. During his visit to Brussels, Francisco González stressed that Europe needs more structural reforms and more fiscal policies. He also said that Spain will have a bright future if “we are capable of reaching agreements” to continue pushing reforms.
06 Sep 2016
Just as in previous years, the G20 summit – held in China this year – has drawn worldwide attention. But the leaders of the 20 major economies were not the only ones to meet in Hangzhou. In parallel, business leaders from these same economies presented their proposals in the Business 20 event.
02 Aug 2016
The recent report, The Business of Financial Inclusion: Insights from Banks in Emerging Markets represents a new endeavor for the Institute of International Finance (IIF). It is based on the insights of 24 executives in charge of financial inclusion, a topic of growing interest.
10 Mar 2016
The Brexit (the term coined to refer to an eventual departure of the United Kingdom from the European Union) was the main topic discussed during the last European Council, which took place during February 18th and 19th. After two days of negotiations, an agreement was concluded that, in general terms, meets the UK’s demands.