From ferrying people to and from their place of work to transporting nuclear waste and coal, railways are not only an integral part of 21st century life but have played a crucial role in shaping the modern world. In Belgium, one business is looking to use innovation to drive further change in the sector. Based […]
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World entering 'critical period of intensified risks' in 2018, WEF says
Extreme weather events and natural disasters are the likeliest global risks to occur in 2018, according to experts surveyed by the World Economic Forum. WEF’s latest Global Risks Report 2018, published Wednesday, showed that environmental disasters, cybercrime, large-scale involuntary migration and illicit trade were among the most notable risks, in terms of likelihood, facing the […]
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German central bank chief says it would be 'appropriate' for ECB to stop its bond buying this year
It would be “appropriate” for the European Central Bank to stop its bond purchases, due to run at least until September, this year, Germany’s representative on the bank’s policymaking body said in an interview to be published on Wednesday. “I would hold that for appropriate from today’s point of view,” Bundesbank’s head Jens Weidmann told […]
Read moreMore than $200 billion has been wiped off the value of global cryptocurrencies at the peak of the recent sell-off, which extended into Wednesday morning. At around 7 a.m. London time on Tuesday, the total market capitalization or value of every digital coin stood at $653.8 billion, according to data from Coinmarketcap.com, a website that […]
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European stocks set to open lower ahead of earnings and inflation data
Stocks in Europe are set to open lower Wednesday morning with global sentiment curbed by a sharp reversal for equities on Wall Street in the previous session. The FTSE 100 is seen down by 16 points at 7,728, the German DAX is set to open down by 58 points at 13,170 and the CAC 40 […]
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'Trump is a revolution, unfortunately, and I'm concerned,' Nobel Prize-winner Robert Shiller says
President Donald Trump is synonymous with a “revolution” taking place in U.S. politics and society, according to Nobel Prize-winning economist Robert Shiller, but not in a good way. Speaking to CNBC ahead of the World Economic Forum (WEF) where Trump will be a key attraction, Shiller, a renowned economist and academic who is also attending […]
Read moreDisgruntled conservatives threatened late Tuesday to scuttle Republican leaders’ plans to prevent a weekend government shutdown, saying GOP leaders now lack the votes to push their proposal through the House. The setback came as a deal between President Donald Trump and Congress to protect young immigrants from deportation also remained distant. The intransigence by the […]
Read moreA 20 nation meeting on North Korea agreed on Tuesday to consider imposing unilateral sanctions on Pyongyang that go beyond those required by U.N. Security Council resolutions, the United States and Canada said in a joint statement. The meeting, to discuss North Korea’s nuclear weapons program, also agreed to support dialogue between the two Koreas […]
Read moreHong Kong democracy activist Joshua Wong, 21, was sentenced to a second jail term of three months on Wednesday for his role in the 2014 pro-democracy “Umbrella Movement” street occupations. Wong had chosen not to fight the contempt of court charge that was laid against him after he refused to obey a court injunction order […]
Read moreChina’s central bank set its official yuan midpoint at a more than two-year high on Wednesday at 6.4335 per dollar, underpinned by a solid spot yuan performance a day earlier and broad dollar weakness in global markets overnight. Wednesday’s official midpoint was 37 pips, or 0.06 percent, firmer than the previous fix of 6.4372 on […]
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