Debt is a function and a fixture of any working economy. Governments borrow to fund spending on things like roads, hospitals, and schools, as well as to fund promises like tax cuts. Debt-to-GDP ratios around the world have increased in recent years as governments take advantage of historically low interest rates to pile up cheap […]

Associated Press/Evan Vucci In this May 10, 2017 file photo, President Donald Trump talks to reporters in the Oval Office of the White House in Washington. “Geopolitical anxiety looks extremely high,” JPMorgan said in a note sent to clients on Tuesday. The investment bank said that: “Since President Trump’s election, news coverage around topics such […]

London has the most millionaire CEOs of any city in the world, according to new data compiled by Compelo and Wealth Insight. Compelo has identified where the world’s wealthy CEOs live to find hotspots of wealth creation. Unsurprisingly, big financial centres in the USA and Europe dominate the list, with only one Asian hub making the top […]

RM Sotheby’s Bankers working in mergers and acquisitions got bigger bonuses than their peers in 2016, according to a survey by salary-benchmarking site Emolument.com. Mid-level M&A bankers earned a median bonus of £80,000 ($ 99,516) in 2016, according to the survey. While that is more than what colleagues make elsewhere in investment banking, it is still […]

Sports data and analysis website Sporting Intelligence recently released its annual Global Sports Salary Survey, looking at the highest paid sports teams around the world in 2016. The report looks at the “average first-team pay” for each club, which Sporting Intelligence says allows it to “compare salaries in hugely contrasting leagues in multiple sports around the […]