The German professor of financial economics Isabel Schnabel has been nominated by the German cabinet as a member of the Executive Board of the European Central Bank (ECB). According to Reuters news agency, which is based on government sources, the economics professor at the University of Bonn succeeds Sabine Lautenschläger at the central bank in Frankfurt.
ABB, the Swedish-Swiss technology group, saw orders for robotics and automation equipment decrease in the third quarter. The slowdown in the automotive industry and the weakening economies in Europe, the United States and China made buyers of the products more cautious, according to a trade report on Wednesday.
French car manufacturer PSA expects sales to fall in different regions this year. The group behind brands such as Peugeot, Citroën and Opel is more pessimistic about sales in Latin America and in Russia.
Harley-Davidson has seen its sales and profits fall in the past third quarter. The headwind of the trade war, however, was less intense than analysts had feared.
Cat Rock Capital Management is not in favor of the offer made by tech investor Prosus for Just Eat. The activist shareholder calls the price a “dramatic undervaluation” of the British meal delivery person.
Northern Ireland has legalized both the marriage of people of the same sex and the right to abortion on the night of Monday to Tuesday.
Northern Ireland remains the focal point of the Brexit. The agreement that is now before the House of Commons seems indigestible for unionists, such as those in the port town of Larne. “Boris Johnson deserves a sacrifice on that big blonde head.”
The European Union (EU) is ready to grant Brexit deferment to Great Britain until February 2020 if British Prime Minister Boris Johnson fails to lead a Brexit agreement through the British Parliament before 31 October. That writes the British newspaper The Sunday Times.