Brexit

Nissan may ask compensation for any tariffs imposed after Brexit deal. The japanese car manufacturer, which Sunderland’s plant is active since 1986, warned that could scrap investment unless Britain promised to pay compensation for any tax barriers resulting from Brexit negotiations.

At Paris Auto Show, Ghosn said to reporters: “If I need to make an investment in the next few months and I can’t wait until the end of Brexit, then I have to make a deal with the UK government. If there are tax barriers being established on cars, you have to have a commitment for carmakers who export to Europe that there is some kind of compensation.”

Boris Johnson, the current British foreign minister, said that since early 2017, it will start the divorce process by the European Union and then Britain will most likely invoke Article 50. In this way the former mayor of London spoke in New York where United Nations Security Council held meeting on Syria perpetuating stalemate.

He told the BBC: "The government is working towards an Article 50 letter which as you know will be produced, probably, in the early part of next year.

Credit Suisse corrects upwards its growth forecasts for the Swiss economy this year: according to the institute’s economists, the gross domestic product will increase by 1.5% this year, versus + 1.0% expected previously. The 2017 estimate remains unchanged, fixed at 1.5%. And the bank warned: stronger expansion is closely related to the immigrants, who are required to increase the workforce.

The Swiss economy will not get back into full swing in 2017 either, due to a lack of momentum among key growth drivers – in particular immigration. These are the conclusions of the Credit Suisse economists in the latest issue of "Monitor Switzerland".

When something extraordinary happens, such as Brexit, it is necessary to observe and analyse its potential financial and economic impact. While the first steps must still be taken in the negotiations for the UK’s exit from the EU, together with Keller Zable we have taken a look at the possible scenarios in the real estate market, with particular attention to Great Britain, the rest of Europe and possible developments.

The ECB did not announce changes to its monetary policy last week. Draghi also gave no indication as to possible future action, as he often used to do, and has categorically refused to comment on any potential evolution of the QE program (purchase of stocks, bank bonds or even helicopter money).

The unemployment rate remains substantially stable in July in UK, even after Brexit, that has not slowed the pace of creation of jobs, according to the data published by the Office for National Statistics (ONS).

In July the number of people who applied for unemployment benefit in Britain rose to 2,400 units, compared to 3,600 the previous month. The figure is worse than expected by analysts which estimated an increase of 1,800 units.

Brexit deal has not yet begun, but it already appears uphill, after the European Commission has appointed as negotiator few days ago, the former Belgian Prime Minister Guy Verhofstadt, the current leader of the liberals at the European Parliament.

In a tweet he said: "Brexit should be delivered before 2019, when EU politics enters into new cycle & the @Europarl_EN starts new mandate" and pointing out that if the UK wants to continue to have access to the common market, must also accept the freedom of movement of citizens, considering "inseparable" the four freedoms of movement of goods, services, capital and people.

he EU countries should share sovereignty: it is the only way for men and women to make their voices heard in Europe in a global context; this is the key concept of the ECB Governor Mario Draghi, in a speech in Trento, where he received the Alcide De Gasperi prize, and he remember the need for the Old Continent will continue on the road to a stronger Union.

"National sovereignty – said Draghi – remains in many respects the key element of the government of each country. But for the challenges that transcend national boundaries the only way to preserve the sovereignty, is to make their voices heard in a global context, it is for us Europeans to share sovereignty within the European Union, which has functioned as a multiplier of our national strength ".