Iran is threatening to dramatically ratchet up its response to the U.S., if President Donald Trump succeeds in halting crude sales from the Persian Gulf when sanctions snap back on the country. Shortly after the Trump administration reaffirmed this week its threat to punish companies that buy Iranian crude, President Hassan Rouhani warned Tehran could […]
Read moreEmbraer – Embraer and Boeing have announced a new joint venture which will create a separate company focusing on commercial aviation. Boeing will own 80 percent of the new company, Embraer 20 percent, with the venture having a total value of $4.75 billion. Tesla – Tesla allegedly eliminated a standard brake test as it raced […]
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Investors are so nervous about a potential recession that they’re preparing for one
Some money managers are increasingly nervous about an upcoming recession amid higher interest rates and tighter credit availability. “It’s a classical late cycle story. So, when I was here last time, I said we were long and nervous. We are no longer long, we are increasingly nervous about this,” Roelof Salomons, chief strategist at Kempen […]
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Stoltenberg: It’s in the interest of Trump to back NATO countries at summit
President Donald Trump will meet NATO allies in Brussels next week, who will expect the U.S. leader to again go on the attack about insufficient spending on defense by other countries. Trump has time and again criticized member countries of the alliance that have failed to hit a target, agreed in 2014, to spend 2 […]
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Europe is voting on a copyright law that could stop you from sharing memes and news articles freely
European lawmakers are about to vote on a piece of legislation that critics say would significantly damage internet freedom. Parliamentarians in Strasbourg, France, will cast their votes on the European Union’s new copyright directive on Thursday. The regulation is an update to a 2001 directive on copyright, and is aimed at modernizing those rules for […]
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UK reels from second nerve agent poisonings, Russia denies involvement
Two U.K. citizens are critically ill in hospital after being exposed to the Novichok nerve agent — the same potentially lethal toxin that was used to poison former Russian spy Sergei Skripal and his daughter Yulia in March. The man and woman, both British and named in U.K. media reports as Charlie Rowley, 45, and […]
Read moreSingapore’s competition watchdog on Thursday proposed fines on Uber and Grab and said they may have to unwind their merger because of “substantially lessened competition” in the market. Uber sold its Southeast Asia business to ride-hailing rival Grab in March. The move saw the San Francisco-based company acquiring a 27.5 percent stake in Grab and […]
Read moreAs Indian Prime Minister Narendra Modi prioritizes national security messaging as part of his reelection campaign, he’s made controversial moves in the disputed Himalayan valley of Kashmir. That’s raised fears of fresh instability in a powder keg region already prone to frequent eruptions of violence. Modi, still vulnerable from December’s narrow election victory in his […]
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Greek bonds are now safer for investors — and will only get safer, EU official says
Greek government debt has become more favorable to international investors thanks to a recent debt deal, and will only continue along this path, according to a key EU finance official. Greek bonds are often the first in the firing line during bouts of market turmoil. Yields — which have an inverse relationship to prices — […]
Read moreConcerns about oil and other commodities have been “oversold,” and even those most exposed to the risks of a U.S.-China trade war are worth buying, Goldman Sachs said in a Wednesday research note. In June, some commodities saw traders concerned about demand weakness in emerging markets, trade war rumblings, and oil producers’ decision to increase […]
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