Recent changes in the dynamics of Yemen’s civil conflict — widely seen as a proxy war between rivals Saudi Arabia and Iran — are making it very hard to predict what could happen next in the Middle East. Tensions between Saudi Arabia and Iran ramped up Tuesday following another missile launch from Houthi rebels in […]

This is a breaking news story, please check back later for more. The International Monetary Fund (IMF) said that recent progress in Brexit talks was welcome, but added that there was a very long list of tasks ahead with a very ambitious timeframe. Source: cnbc IMF says UK growth seen around 1.5 percent for next […]

The Bank of England will on Wednesday unveil plans to allow European banks to operate in UK as normal post-Brexit, even in a “no deal” scenario, the BBC reported. European banks offering wholesale finance, money and services provided to businesses and each other, would be able to continue operating through branches without having to go […]

Uber is a taxi company, according to a landmark ruling from Europe’s highest court. The European Court of Justice (ECJ) ruled Wednesday that the U.S. ride-hailing app is a transportation firm and not a digital company. The verdict is a long-awaited judgment expected to have major implications for how Uber is regulated throughout Europe. “Any […]

The rebel region of Spain that declared itself independent is holding parliamentary elections later this week that will be a major test for pro-independence politicians and parties. Catalonia’s citizens go to the polls Thursday in what is widely seen as the latest test of sentiment in the region but polls show the contest between pro-secessionist […]

European markets are expected to open slightly higher on Wednesday morning, as the long-awaited U.S. tax overhaul wound its way through Congress. The FTSE 100 is poised to open little changed at 7,537; while the DAX is seen up 50 points at 13,264 and the CAC 40 is set to open 15 points higher, according […]

Germany’s cartel office has found that Facebook abused its dominant market position, challenging the U.S. social network’s model of monetizing the personal data of its 2 billion users worldwide through targeted advertising. Presenting preliminary findings of its 20-month-old probe, the Federal Cartel Office said Facebook held a dominant position among social networks – a characterisation […]

Europe markets are expected to open slightly higher on Tuesday morning, following a record-setting session on Wall Street amid heightened expectations U.S. lawmakers could pass sweeping tax legislation. The FTSE 100 is poised to open up by 5 points at 7,537; the DAX is seen 18 points higher at 13,333 while the CAC 40 is […]

EU state aid regulators will investigate whether Swedish furniture retailer Ikea’s tax arrangement with the Netherlands helped cut its tax bill – the latest crackdown on unfair tax deals between multinationals and EU countries. The European Commission said on Monday it was looking into two tax rulings issued to Inter Ikea, which operates Ikea’s franchise […]

The U.K. economy could shrink by hundreds of billions of dollars by 2030 because of the impact of artificial intelligence (AI) and machine learning, according to a new study. Research by The Economist Intelligence Unit last week illustrated a number of scenarios detailing the impact of advances in AI on world economies. In one scenario, […]