The philanthropic foundation funded by the billionaire George Soros is to close its offices in Hungary, saying it can’t protect its own staff from the country’s government. Open Society Foundations will move its international operations in Budapest to Berlin in Germany, according to a press release Tuesday. “The government of Hungary has denigrated and misrepresented […]
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U.S. blocks United Nations call for independent probe into Gaza deaths
The United States blocked a United Nations (UN) Security Council statement drafted Monday that called for an independent investigation into the deaths of at least 58 Palestinians along the Israeli-Gaza border. Monday’s violence followed several weeks of mass protests in the Israeli-blockaded territory of Gaza, which is governed by militant Islamist group Hamas. The unrest […]
Read moreGerman growth halved in the first quarter of the year due to weaker trade and less state spending, data showed on Tuesday, though analysts said they saw it as a temporary blip. Europe’s biggest economy grew by 0.3 percent in the first three months, the slowest rate since the third quarter of 2016, preliminary data […]
Read moreI know I don’t look old enough but this summer will mark my thirty years in the City of London. It was back in 1988 that I first stepped on to the trading floor of Kleinwort Benson at 20 Fenchurch Street and I’d like to think that that day was the start of a steep […]
Read moreFacebook’s data privacy scandal has done little to deter advertisers from the social media platform, according to a major ad firm. Publicis Media CEO Steve King told CNBC that Facebook has experienced an erosion of trust after allegations that right-wing consulting firm Cambridge Analytica used millions of users’ Facebook data for fake news and other […]
Read moreBritish low-cost airline easyJet posted a narrower half-year pretax loss Tuesday and guided that it expected revenue per seat to be positive in the second half of the year. The company posted a pretax loss of £68 million ($92 million) for the six months ended March 31, an improvement on the £236 million loss it […]
Read moreVodafone Chief Executive Vittorio Colao will step down in October after 10 years in charge of the world’s second largest mobile operator, and will be succeeded by finance director Nick Read, the company said on Tuesday. Colao has transformed the British company during his time at the helm. He took Vodafone out of the United […]
Read moreGerman technology and industrial conglomerate Thyssenkrupp on Tuesday posted a 17-percent increase in its second-quarter operating profit, helped by a recovery in steel prices that has already benefited larger rival ArcelorMittal. The group, which makes everything from submarines to chemical plants, said second-quarter adjusted earnings before interest and tax (EBIT) came in at 500 million […]
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Europe markets seen lower amid geopolitical risks, oil prices near multi-year highs
European markets are set to open lower on Tuesday morning, as investors monitor key political and economic risks while oil prices hover close to multi-year highs. The FTSE 100 is seen down around 19 points at 7,690, the CAC is expected to open 14 points lower at 5,525 while the DAX is poised to start […]
Read moreGoogle is under investigation in Australia following claims that it collects data from millions of Android smartphones users, who unwittingly pay their telecom service providers for gigabytes consumed during the harvesting, regulators said on Tuesday. Responding to the latest privacy concerns surrounding Google, a spokesman for the U.S. based search engine operator said the company […]
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