The U.S. is doing “very badly” at tackling inequality, and President Donald Trump’s tax reforms, if enacted, could see the country sink below Greece and some third world countries in the equality stakes, according to new research from Oxfam. Despite being the richest country in the world, the U.S.’s commitment to social spending, labor policy […]
Read moreOverseas landlords are moving out of the U.K. property market in search of pastures greener, according to new research which suggests the number of international investors who own property in the U.K. has fallen to a new low. Just 5 percent of British homes now have overseas owners, down more than half from the 12 […]
Read moreIt’s been a sweet few months for stocks, and according to one long-term-minded investor, the rally isn’t nearly over yet. “The odds are very high that the S&P goes all the way to 3,000,” Mark Tepper, president of Strategic Wealth Partners, said Friday on CNBC’s “Trading Nation.” To be sure, he’s not saying that this […]
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Europe’s top banking regulator, the European Central Bank (ECB), is considering carrying out a special assessment of Deutsche Bank’s two largest shareholders, a German paper reported on Sunday, citing regulatory sources. The ECB may launch so-called ownership control procedures to scrutinize both the Qatari royal family and China’s HNA, which each own just under 10 […]
Read moreTiny Singapore’s telecommunications market may look saturated, but some players are still taking aim at the market. The existing telcos appear to have the island’s population well-covered: The city-state had a mobile penetration rate of nearly 150 percent as of June 2016, with a residential wired broadband penetration rate of 98.4 percent and a wireless […]
Read moreThousands of government opponents protested in Warsaw and other cities in Poland on Sunday against new judicial reforms and future plans to change the Supreme Court. Legislation that was adopted last week has drawn condemnation from European Union politicians and from Poland’s opposition. They say it violates judicial independence and the rule of law. Under […]
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A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report on Monday. The report, co-written with risk-modeling firm Cyence, examined potential economic losses from the hypothetical hacking […]
Read moreAs Turkey marks the first anniversary of a military coup aimed at ousting Turkish President Recep Tayyip Erdogan, the leader’s position appears ironclad. Rather than diminish his administration, the unsuccessful takeover of July 15-16, 2016 presented the head of state with a unique opportunity to consolidate power, allowing him to neutralize political opposition, strategists say. […]
Read moreChina’s top graft-buster launched a scathing attack on the ruling Communist Party’s members on Monday, writing that party political culture remained “unhealthy” and governance weak even after five years of renewed effort to fight the problem. The comments by Wang Qishan, who runs the party’s anti-corruption watchdog, came after sources said a senior official who […]
Read moreThe dollar tumbled in recent days, but analysts weren’t pointing to weaker-than-expected U.S. inflation data on Friday. Instead, they fingered a “Trump discount” as market-positive aspects of the administration’s agenda appeared to be missing in action. Richard Clarida, global strategic adviser at Pimco, the bond giant with around $1.6 trillion under management, told CNBC that […]
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