German meal kit delivery group HelloFresh, a competitor to U.S. firm Blue Apron, announced plans to list on Tuesday in a flotation that could value the company launched by Rocket Internet at up to 1.5 billion euros ($1.8 billion). HelloFresh’s biggest market is the United States where it has been spending heavily on discount offers […]
Read moreBitcoin suffered a brief slump in value on Tuesday morning following news that the Russian central bank is planning to ban websites that sell the cryptocurrency. The digital currency had hit a high of $4,867 early on Monday, according to industry website CoinDesk, its highest since September 2. But it dropped to a low of […]
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Luxembourg could appeal against the EC’s $294 million Amazon tax bill, says finance minister
Luxembourg is assessing whether to appeal against the European Commission’s order to reclaim nearly $300 million in unpaid taxes from Amazon, the country’s finance minister has told CNBC. “We do not seem to agree, we considered that there was no state aid on our side, there was no selective advantage that was given to the […]
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Euro finance chiefs weigh in on Schaeuble’s gloomy warning of a global crisis
Finance experts from the euro zone have weighed in on comments made by Wolfgang Schaeuble, after the German finance minister warned that debt and liquidity problems could spark the next global crisis. Euro zone officials told CNBC that they are aware there could feasibly be another financial crisis around the corner, and believe that debt […]
Read moreThailand will hold a general election in November 2018, Prime Minister Prayuth Chan-ocha said on Tuesday, the most precise date he has given yet for the vote since taking power in a 2014 military coup. Prayuth, head of the ruling junta or National Council for Peace and Order, said the exact election date would be […]
Read moreFacebook Chief Executive Mark Zuckerberg was called a “heartless billionaire” and accused of “exploiting disaster” by online users after live-streaming a virtual reality (VR) cartoon avatar of himself in hurricane-hit Puerto Rico. Last month, Puerto Rico was badly hit by Hurricane Maria. Electricity is not up and running yet and millions of citizens are struggling […]
Read moreIndia’s land ownership system is apparently fraught with fraud — so one state is exploring the application of blockchain technology to make it more transparent. The government of Andhra Pradesh has partnered with Swedish start-up ChromaWay to build its blockchain-based solution. Distributed ledger technology allows data to be stored in vast groupings, which are encrypted […]
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Catalan independence decision expected as Spain's crisis reaches crucial stage
All eyes are on Catalonia to see whether the region’s leader and its parliament could declare a unilateral declaration of independence when it meets on Tuesday afternoon. Catalan leader Carles Puigdemont is set to address the regional parliament in Barcelona at 5:00 p.m. London time and speculation is mounting that he could declare independence, despite […]
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Europe shares set to open lower as Catalonia crisis reaches crucial stage
Major European bourses look set to open lower Tuesday morning as political instability in the Catalonia region of Spain continues to rumble on. The U.K.’s FTSE is seen 8 points lower, set to open at 7,500. Meanwhile, the French CAC is expected to open 7 points down at 5,359. The German DAX is set to […]
Read moreInvestors looked set bail out of Kobe Steel Ltd. on Tuesday, after Japan’s third-biggest steelmaker revealed it had fabricated data to show its products met customer specifications in the latest scandal to rock corporate Japan. Kobe Steel said on Sunday that about 4 percent of the aluminium and copper products that it shipped from September […]
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