WHEN the dream of a smooth flight turns into the nightmare of an airliner crash, understanding what went wrong is sometimes straightforward. That was the case with a Malaysia Airlines flight which crashed in the summer of 2014, killing 298. This week Dutch and Australian investigators conclusively showed that it was shot down by a […]
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OPEC kingpin Saudi Arabia is determined to keep oil prices trading around current levels, one strategist told CNBC Monday, but a total shutdown in Venezuelan production could soon prompt crude futures to skyrocket toward $100 a barrel. Prices in the oil market have been steadily rising since last year, with global benchmark Brent climbing to […]
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Founder and CEO of Facebook Mark Zuckerberg was in Europe last week on what is being dubbed an “apology tour.” This was the first time Zuckerberg set ground on the continent since the Cambridge Analytica scandal broke that compromised the data of about 2.7 million nationals on the continent. This was supposed to be his […]
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The leader of Italy’s largest political party has called for President Sergio Mattarella to face impeachment charges after he refused to accept a controversial choice for economy minister. Amid a deepening sense of political and constitutional turmoil in the euro zone’s third-largest economy, Luigi Di Maio of the populist Five Star Movement (M5S) said Sunday […]
Read moreInsurance company Swiss Re and Softbank have agreed to end discussions about a potential minority investment by the Japanese technology conglomerate. Swiss Re didn’t give reasons for the move in a brief statement Monday. The companies had announced in February that they were in preliminary discussions. Zurich-based Swiss Re is one of the world’s biggest […]
Read moreThe G-7 summit meeting next month is an opportunity for President Donald Trump to clarify his views on trade and multilateral economic and political foundations of the world order. It would be a great pity if the occasion were missed because — as some foreign leaders argue — Trump was too absorbed by watershed Congressional […]
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European stocks are set to open higher on Monday morning, amid signs of thawing tensions between the U.S. and North Korea. The CAC is expected to open 10 points higher at 5,544, while the DAX is poised to start up 38 points at 12,971, according to IG. Market holidays in the U.K. and U.S. were […]
Read moreA few days ago, the U.S.-North Korea summit was clouded in “will-they-or-won’t-they” uncertainty. Entering a new week, however, the latest developments indicate a resurrected sense of optimism as Seoul looks to insert itself into the picture. South Korean President Moon Jae-in could join President Donald Trump and Kim Jong Un for their anticipated June 12 […]
Read moreJapanese Prime Minister Shinzo Abe said on Monday he would seek to convince President Donald Trump of the crucial role his country’s automakers play in boosting the U.S. economy. The Trump administration decided last week to begin a national security investigation into auto imports that could lead to new U.S. tariffs similar to those imposed […]
Read moreAs the fate of the June 12 summit between U.S. President Donald Trump and North Korean leader Kim Jong Un hangs in the balance, an impersonator of the North Korean leader has already been spotted posing for selfies at the proposed site of the meeting. The man, who goes by the name Howard X, was […]
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