You are here

Europe

"That Must Not Happen": Germany Threatens US With Retaliation Over New Russia Sanctions

One day after the Senate almost unanimously passed a bill to impose new sanctions on Russia, an unexpected outcry against the US decision emerged from two of America's closest allies, Germany and Austria, who yesterday slammed the new sanctions and accused the U.S. of having ulterior motives in seeking to enforce the energy blockade, which they said is trying to help American natural gas suppliers at the expense of their Russian rivals.

Is This The Chart Jeff Bezos Was Looking At When Buying Whole Foods

Is This The Chart Jeff Bezos Was Looking At When Buying Whole Foods

Why did Jeff Bezos shock markets on an otherwise quiet Friday, with Amazon announcing it would acquire Whole Foods for $14 billion? The reason is because he wants to do to the grocery sector what he has already done to bricks and mortar retailers and discount stores, who as we have shown in the past are in a tailspin with a record number of store closures expected in 2017. And as the following chart from BofA shows, the grocery sector is already well on its way...

Pages