The biggest trophy in club soccer is up for grabs this weekend, when Real Madrid plays Liverpool in Kiev to be crowned the winner of the European Champions League. However, the biggest cash prize the game has to offer will actually be given out at Wembley Stadium a few hours earlier — with a game […]
Read moreThe chairman of one of the largest ad firms in the world believes that major upheavals in the media landscape will see consumers soon share the wealth of large technology companies. Maurice Levy, the former CEO and now chairman of Publicis Groupe, a $15.8 billion French ad giant, predicted that a third party will act […]
Read moreCurrency, United States Finance
European markets seen higher after Trump scraps US-North Korea summit
European stocks are set to open higher on Friday morning, as market participants’ fears were calmed by North Korea‘s response to President Donald Trump‘s decision to cancel a landmark summit. The FTSE 100 is seen up by around 31 points at 7,765; the CAC is expected to open 30 points higher at 5,581 while the […]
Read moreAfter nearly five days of deliberations, a U.S. jury on Thursday said Samsung Electronics Co Ltd should pay $539 million to Apple Inc for copying patented smartphone features, according to court documents, bringing a years-long feud between the technology companies into its final stages. The world’s top smartphone rivals have been in court over patents […]
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Currency, United States Finance
How Europe’s new privacy law called GDPR is creating big business opportunities
A sweeping data privacy law known as the General Data Protection Rule (GDPR) goes into effect across the EU today. While businesses have had two years to prepare for the new rules, a recent survey from data analytics firm SAS found only 49 percent of companies worldwide said they will meet the deadline to comply. […]
Read moreThe planned summit between leaders of the U.S. and North Korea may be off for now, but the Trump administration could still walk away with lessons about “diplomatic craft trade,” said a former American diplomat. “I do hope the Trump administration has learned a little about diplomatic trade craft and the need to send lower […]
Read moreU.S. President Donald Trump might have called off what would have been a historic summit with North Korean leader Kim Jong Un, but experts said that the bets aren’t off on a meeting taking place in time. In a letter, Trump said it felt “inappropriate” to have the summit, which had been scheduled on June […]
Read moreChina’s box office takings surpassed the U.S. in the beginning of the year and that’s setting the Chinese film industry up for a “Hollywood moment,” HSBC said in a May report. Box office revenues in China beat numbers out of North America in the first three months of this year, totaling 20.2 billion yuan (around […]
Read moreSteve Cohen’s Point72 is aggressively expanding in Asia. The firm, which has more than 1,250 employees globally and $12 billion in assets under management, recently opened a larger office in Hong Kong, which can accommodate more than 160 employees — an increase from about 60 employees at the end of 2015. It has recently expanded […]
Read moreRegulating cryptocurrencies is a good thing and it might even help advance the digital currency market, crypto trader Ran Neu-Ner told CNBC on Thursday. “When [regulators] come out with regulation, it’s going to open the floodgates for new money to come into crypto,” the host of CNBC Africa’s “Crypto Trader” said on “Fast Money.” While […]
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