President Donald Trump‘s bid to open Sydney’s first casino 30 years ago was thwarted after regulators expressed concern over his alleged “mafia connections”, it was revealed on Wednesday. Australia’s New South Wales (NSW) police board recommended against approving an offer from the former New York businessman and a local developer, according to a report from […]
Read moreDenmark’s A.P. Moller Maersk gave an upbeat outlook for container shipping on Wednesday, lifting its shares as investors looked beyond one-off second-quarter charges. Maersk has been hit by low oil prices at its energy arm and sliding prices in its shipping business in recent years due to lackluster global trade and a glut of available […]
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UK unemployment falls again to lowest since 1975, wage growth still lacklustre
Britain’s unemployment labor market bucked tepid economic growth in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday. The unemployment rate in the three months to the end of June fell to 4.4 percent, against the average forecast for it to hold at 4.5 percent […]
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ECB's Draghi will not deliver fresh policy steer at Jackson Hole: Sources
European Central Bank President Mario Draghi will not deliver a new policy message at the U.S. Federal Reserve’s Jackson Hole conference, two sources familiar with the situation said, tempering expectations for the bank to start charting the course out of stimulus. An ECB spokesman said that Draghi will focus on the theme of the symposium, […]
Read moreThe debate over the rise of online video streaming is usually framed as a battle between new streaming platforms and traditional television services, but one serial tech entrepreneur begs to differ. “We believe our number-one competitor is not linear TV. We believe our number-one competitor is digital and physical piracy,” iFlix Co-founder and Chairman Patrick […]
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Uber investor Shervin Pishevar claims Benchmark wants to remove Arianna Huffington from the board
Early Uber investor Shervin Pishevar sent Benchmark Capital another letter asking the firm to step away from the company’s board of directors. In the letter, which Recode obtained, Pishevar claims that Benchmark is working with another major investor — Lowercase Capital — in its effort to remove former CEO Travis Kalanick from the board. Pishevar […]
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First far-right party set to enter German parliament since 1945 claims Merkel’s days are numbered
Angela Merkel may be poised to enter her fourth term as German Chancellor, but the chances of her serving the full four years are becoming increasingly slim, according to her far-right challengers the AfD. The incumbent leader and her Christian Democratic Union (CDU) party are expected to enjoy an easy slide to victory when Germany […]
Read moreChina’s economy is looking good enough that the International Monetary Fund is raising its outlook, but the organization is doing so with a strong warning over growing debt in the world’s second-largest economy. The IMF issued its annual review of China on Tuesday, and has revised its growth forecast to 6.7 percent for 2017, which […]
Read moreIndian and Chinese soldiers were involved in an altercation in the western Himalayas on Tuesday, Indian sources said, further raising tensions between the two countries, which are already locked in a two-month standoff in another part of the disputed border. A source in New Delhi, who had been briefed on the military situation on the […]
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Britain is now seeking a Brexit without borders for Northern Ireland
There should be no border posts between Ireland and the British province of Northern Ireland after Brexit, Britain said in an early attempt to resolve one of the most complex aspects of its European Union exit. Some 30,000 people cross the 500 kilometre border every day without customs or immigration checks, testing negotiators who have […]
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