ECONOMICS

As DB's Jim Reid writes this morning, tongue-firmly-planted-in-cheek, the biggest shock in Europe on Sunday after a hugely anticipated battle, was that England football team managed to find a way of winning through to the last 16 in what was one of the most woeful and undeserved victories of all time. As this was unfolding the first round of the French elections perhaps delivered a slightly less convincing victory for the far-right than final polls suggested and with other parties now (more…)

Costco is building a 'mixed use' 800-unit apartment complex in south Los Angeles – with 184 units designated as affordable housing, which some have speculated will allow them to fast-track the construction of an actual Costco Big Box store by taking advantage of a state law which removes significant red tape from such projects, the NY Post reports.

Costco plans to open a new store in South Los Angeles and has teamed with developers to build an 800-unit apartment complex — (more…)

In the wake of the 1999 Asian financial crisis, government representatives from the 20 largest economies in the world decided to informally gather to coordinate policy on trade. Thus began the G20.

Together the bloc accounts for more than 85% of the world economy and has been credited with unified policy action in response to world events.

However, despite this shared affiliation, this group is still made of fundamentally different economies with varied policies towards their business (more…)