Italy’s deepening political turmoil has pushed European democracy to the brink of collapse, the leader of the UNI Global Union has said. Rome’s power struggle has rattled global financial markets in recent days, amid renewed fears that euroskeptic parties in the euro zone’s third-largest economy could frame a new election as a de facto referendum […]
Read moreCurrency, United States Finance
David Copperfield found not liable for tourist’s injuries during magic trick
Illusionist David Copperfield was found negligent but not financially responsible for a British tourist’s injuries during a signature vanishing act that used participants from the audience of a Las Vegas Strip show in 2013, a jury said Tuesday. Gavin Cox and his wife, Minh-Hahn Cox, alleged negligence by the multimillionaire magician, the MGM Grand hotel, […]
Read morePresident Donald Trump is the wildcard when it comes to the potential summit between him and North Korean leader Kim Jong Un, according to a geopolitics expert. “It is not clear what the calculus is with (Trump),” Lanhee Chen, a research fellow at Stanford’s Hoover Institution, told CNBC’s “Squawk Box” on Tuesday. “We know that […]
Read moreCurrency, United States Finance
European stocks seen mixed as Italian crisis batters financial markets
European markets are set to open mixed Wednesday morning, amid a deepening political crisis in the euro zone’s third-largest economy. The FTSE 100 is seen 13 points lower at 7,621; the CAC is expected to open off around 8 points at 5,400 while the DAX is poised to start 3 points higher at 12,661, according […]
Read moreHow come nobody from Facebook got fired over the Cambridge Analytica data leak scandal? That was the first question moderator Kara Swisher asked Facebook COO Sheryl Sandberg on stage at the Code Conference in Rancho Palos Verdes, California, on Tuesday. “People do get fired,” Sandberg said, but Facebook doesn’t trot them out as examples. But […]
Read moreMexico will “never” pay for a wall that separates its border from the United States, Mexican President Enrique Pena Nieto said Tuesday. The North American country won’t ever finance such a project, Nieto said in a tweet addressed to President Donald Trump. Nieto tweet: President @realDonaldTrump: NO. Mexico will NEVER pay for a wall. Not […]
Read moreSnap CEO Evan Spiegel said he isn’t worried that Facebook’s Instagram continues to imitate its core features. “Snapchat is not a bunch of features,” Spiegel said on Tuesday at the Code Conference in Rancho Palos Verdes, California. “It has an underlying philosophy that runs counter to traditional social media.” Spiegel characterized Facebook’s core mission as […]
Read moreChinese conglomerate HNA Group’s Hong Kong Airlines is considering an initial public offering in the “short to medium term” and tapping investors to raise funds through the issue of new shares and convertible bonds, a document reviewed by Reuters shows. Ahead of the planned listing, HNA is seeking to raise about $350 million by selling […]
Read moreHyatt Hotels will more than double its revenue from China over the next five years as the hotel chain seeks to gain a firmer foothold in the burgeoning hospitality market, the company’s president and CEO said. “If I look over the next four, five years, we will fully double our presence here moving from the […]
Read moreChinese state media criticized a U.S. announcement that it would press ahead with restrictions on investment by Chinese companies, saying on Wednesday that Beijing was ready to fight back if Washington was looking to reignite a trade war. The United States said on Tuesday it still held the threat of imposing tariffs on $50 billion […]
Read more