Employment

Faced with numerous external shocks, the resilience of domestic demand in the Eurozone is largely based on the improvement of labour market conditions. The risk is that, as gloom sets […]

The severity of the global financial crisis, and the weakness of the subsequent recovery, triggered much soul-searching among the economics profession. The global economy may finally be escaping from the long shadow of the crisis, but macroeconomics has continued to undergo a major reassessment in light of its apparent failure to predict and explain the crisis.

People are becoming more and more frustrated. Donald Trump is not the end result, he’s the harbinger, the beginning of where we are going.

Financial markets are reacting with a bit of confusion. Some are seeing the headline number and thinking a hike is on the cards while others are digging below the surface and concluding it might not be.

President Trump argues that too many US workers have lost their jobs to foreign peers as companies have offshored manufacturing. US companies need to bring those jobs back and, in doing so, restore America’s industrial greatness. His diagnosis isn’t altogether wrong: fewer companies manufacture cars, for instance, in the US than was previously the case. But this thesis is too simplistic.

The point of view of A.M. Spence, Nobel Prize in Economics Sciences, about the new global economic scenario after Trump election

The German chemical group BASF will cut 180 jobs in the Basel region: the cut will occur within 2018 and will cover the area of research and development. The measure is part of a restructuring launched worldwide.

In the research center in Basel – with offices in Basel and Schweizerhalle-Rosental – BASF works with additives and pigments for plastics and lacquers, as well as new materials for organic electronics and 3D printing. Most of these activities will be halted or moved elsewhere in the group, it said in a statement. The Basel region will remain important, however, for other research and development activities, emphasizes the group. In addition to the 180 jobs eliminated there will be an additional 100 to be transferred to other business units in Switzerland.