The Russian Central Bank said on Monday it had launched a new mechanism for providing struggling banks with extra rouble liquidity. Russia’s Otkritie Bank was the first lender to benefit from the new scheme after the central bank stepped in last week to rescue it following a sustained run on its deposits amid worries about […]
Read moreBritain’s Prince William and his wife Kate are expecting a third child, their office said on Monday. “The Duke and Duchess of Cambridge are very pleased to announce that The Duchess of Cambridge is expecting their third child,” Kensington Palace said in a statement. Source: cnbc UK's Prince William and wife Kate expecting third child
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‘There’s no blackmail. There is no blackmail’: French minister defends treatment of UK
France’s economy minister has dismissed suggestions that the U.K. is being “blackmailed” into agreeing a fee for its split from the EU before formal trade talks can begin. “There’s no blackmail. There is no blackmail,” Bruno Le Maire told CNBC on the sidelines of the Ambrosetti Forum in Italy over the weekend. “You cannot rewrite […]
Read moreNorth Korea on Sunday conducted its sixth and most powerful nuclear test, which it claimed was an advanced hydrogen bomb designed for a long-range missile. Outside observers haven’t verified that the weapon was a hydrogen bomb, but experts widely agree that the weapon created an explosion that far exceeded previous North Korean nuclear tests. Norsar, […]
Read moreSouth Korea’s defense ministry said in a parliament hearing on Monday it was still seeing signs that North Korea planned to stage more ballistic missile launches, possibly including an intercontinental ballistic missile. “We have continued to see signs of possibly more ballistic missile launches. We also forecast North Korea could fire an intercontinental ballistic missile,” […]
Read moreNorth Korea could launch yet another missile as soon as Saturday when the country celebrates its founding day, hot on the heels of its biggest-to-date nuclear test. “I think another ICBM [intercontinental ballistic missile] test … could come on Sept. 9. The North Koreans love to put on a big show for their big national […]
Read moreRegulators are about to begin scrutinizing China’s initial coin offerings — an industry worth hundreds of millions of dollars. Local outlet Caixin reported that a notice, issued by a working committee that oversees risk in the country’s internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies will be banned. It […]
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Trump dominates German election debate as Merkel faces down her main rival
Chancellor Angela Merkel fended off competition from rival Martin Schulz Sunday night as the two leading candidates went head-to-head in their only televised debate ahead of this month’s German election. The incumbent emerged in the lead following a 97-minute duel, which focused on the European migrant crisis, Turkey’s accession to the EU, and the handling […]
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Russia denounces US for 'blatantly hostile' closure of diplomatic posts
Russia’s Foreign Ministry has condemned the U.S. decision to seize three Russian diplomatic facilities as a “blatantly hostile act”, urging Washington to immediately reverse the call or “bear the total blame” for worsening diplomatic ties. The U.S. ordered the closure of the Russian consulate in San Francisco on Saturday, as well as two trade offices […]
Read moreRussian President Vladimir Putin says that whoever reaches a breakthrough in developing artificial intelligence will come to dominate the world. Putin, speaking Friday at a meeting with students, said the development of AI raises “colossal opportunities and threats that are difficult to predict now.” He warned that “the one who becomes the leader in this […]
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