GERMANY - Eurozone investments are set to suffer due to deflation fears in Germany, Credit Suisse Asset Management claims.
CSAM deputy chairman Robert Parker said eurozone economic data “remains dire” and that consumption would remain weak due to rising unemployment in Germany, which has gone up from 10.7% to 11%.
He added: “Production data remains weak and the strength of the euro is having an adverse impact on European corporate earnings and overall levels of demand and activity.”
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.