Europe

Failure coup in Turkey was added to the other problems of an already hot situation. And the economy can only suffer; Salman Ahmed, Chief Investment Strategist of Lombard Odier Investment Managers has declared in a statement that: "Given the strong intensification of political instability in Turkey and the external profile of the country’s extremely fragile and deteriorating, we believe likely that Turkish assets remain under pressure also in the future, while the underlying structural stability is re-evaluated. " He added that the resolution rather rapidly, in terms of re-establishment of public order, and the consequent strengthening of Erdogan in the context that followed the failed coup "could help reduce the extreme tail risk scenario of a civil war."

Deutsche Bank has decided to close or merge into "the most significant places, larger and more powerful", by 2017, 188 of 723 branches in Germany.

Moreover, the institute has announced plans to increase banking services via the internet, investing, by 2020, 750 million euro in digital offerings. The plan does not come as a bolt from the blue: in June, the bank announced to cut 3,000 jobs in Germany, of which 2,500 in the commercial and private client division.

For the Germans, the old love, D-mark, you never forget. In a note, the Bundesbank announced that, although 14 years have passed since the introduction of the single currency, 12.8 billion D-marks (6.53 billion euro) are still in the homes of the population in the form of banknotes and coins.

The United Kingdom looks towards Australia to forge a new trade agreement, useful to overcome Brexit. The first Australian minister, Malcolm Turnbull, told the new British colleague, Theresa May, who would like to see the two countries enter into a free trade agreement as soon as possible, after the UK vote on the output from the EU, as also reported by office of the same May.

After the failed coup, Turkey remains a central concern of economic observers. According to reports from Bloomberg, political instability would become a disaster for the country, which currently finances the majority of its expenditure and investment projects with foreign capital. The opinion of analysts is that the budget deficit will rise up to 4.5% of GDP.

It is difficult to find new workers: it is the result of the survey conducted over 150 companies by the consulting firm Robert Walters. In Switzerland, for 68% of companies, it is hard to recruite new staff to fill vacancies.

In particular, the big obstacle is, for more or less half of the employers, the poor knowledge of languages. Companies also complain about the shortcomings of the technical level qualifications (70%) and consider an "enemy" (36%) the strong request of increasing salary by expectant employees.

Online commerce will lead to being multilingual: in fact by 2020 the English, while remaining the main language of digital commerce, will see the bow share decrease 42-33%. Mandarin (basic idiom of Chinese), will increase its share from 8 to 12.8%. But also other idioms "emerging", as the countries in which they are spoken: the Spaniard (for South America) to Portuguese (for Brazil), from Russian into Nigeria. The "force" evolution companies to a further translation effort to achieve the same number of online consumers.

The first call of the Italy-Switzerland 2014-2020 Interreg program begins with the stage of submission of expression of interest. The Programme co-funded by the European Union aims to support the development and the cross-border cohesion Italy-Switzerland (four Italian regions and three Swiss cantons) making the most of local resources, taking advantage of the distinctive features of the two sides and consolidating international relations. The expression of interest (project idea in summary form) must be submitted by September 15, 2016.