Europe is seeing a resurgence of separatist sentiment from Scotland to Catalonia. Reuters European Affairs Editor Paul Taylor says solidarity is splintering as economic crisis prompts some regions to ask whether they would be better off on their own. Paul Taylor’s story on the rise of European separatism can be read here.
Starbucks consistently describes its UK unit as profitable, but equally consistently avoids UK taxes by declaring a loss. That’s according to a report by Reuters correspondent Tom Bergin, who says the tale illustrates the power that companies have to frustrate tax collectors:
Tom Bergin’s full report on Starbucks can be read here.
This week brings an ECB policy decision and U.S. non-farm payrolls, but whatever happens it’s likely to be positive for the euro, says Reuters FX analyst Neal Kimberley.