U.K. Prime Minister Theresa May touched down in Japan on Wednesday, with aspirations to soothe Brexit concerns and drum up trade from the world’s third-largest economy. Japan, which is prioritizing talks with the European Union over a landmark free trade deal, has been direct with Britain in voicing its concern about the danger Brexit poses […]
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Euro zone countries could be in danger if euro continues to rise, economist says
A euro that continues to rise against the U.S. dollar is now the main danger being posed to fragile euro zone economies that are still recovering after the sovereign debt crisis of 2011, one economist has told CNBC. Ireland, Portugal and Spain have become some of the fastest growing economies in Europe after receiving help […]
Read moreTwo toddlers were among at least six people who died after floods caused by heavy seasonal monsoon rains destroyed homes and disrupted traffic in India’s financial capital, police said on Wednesday. Train services resumed slowly and dozens of commuters began walking to work in Mumbai, a city of 20 million people that is home to […]
Read moreRupert Murdoch has pulled his Fox News channel from the Sky platform in Britain, where the government is assessing a bid by the media mogul to buy the broader Sky pay-TV company for $15 billion. In a statement, Murdoch’s Twenty-First Century Fox said it had decided it was no longer in its commercial interest to […]
Read moreJapanese Deputy Prime Minister Taro Aso on Wednesday retracted a remark to lawmakers of his faction in the ruling Liberal Democratic Party that could be interpreted as a defense of Adolf Hitler’s motive for genocide during World War Two. Tuesday’s comment by Aso, who also serves as finance minister, drew criticism from a U.S.-based Jewish […]
Read moreFoursquare has gone from a social media app that let users broadcast their favorite bars or restaurants online by “checking-in,” to a company that provides location-based data to some of the biggest retail names in the world: Apple, Microsoft and Samsung to name a few. Recently, the company signed a partnership with Chinese online travel […]
Read moreApple CEO Tim Cook has collected $89.6 million as part of a 10-year deal that he signed as an incentive to keep the iPhone maker at the forefront of the technology industry after he took over the reins in 2011 from company co-founder Steve Jobs. The windfall detailed in a Monday regulatory flowed from 560,000 […]
Read moreAlibaba and Tencent are showing how companies can get around Beijing’s massive crackdown on foreign deals. The firms, among China’s most important tech giants, are overseeing the merger of two companies they back. Chinese delivery firm 58 Suyun is combining with Hong Kong logistics company GoGoVan — both have raised funds from Alibaba, and Tencent […]
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Russia, in one of biggest bail-outs in its history, rescues Otkritie bank
Russia’s central bank launched one of the biggest banking bail-outs in its history on Tuesday, saying it would rescue troubled private lender Otkritie which has suffered a sustained run on its deposits amid worries about its loan portfolio. The central bank said it planned to tap its own funds in order to become a major […]
Read moreBy last Friday afternoon, most of Uber’s eight directors had gathered in San Francisco for a board meeting. Their agenda was simple: Pick a new chief executive for the ride-hailing company. What unfolded over the next 72 hours was anything but straightforward. In discussions at the Four Seasons Hotel downtown and at the offices of […]
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