A shift in attention to geopolitical events this year could undermine the sustainability of the global upswing, warned Basel-based Bank of International Standards. The organization commonly known as the central bank of central banks said financial markets were confronted by a changing political environment as the economic background brightened. “Political events surprised market participants, who […]
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THERE are few things that airlines will not now put a price on. Even so, Etihad Airways has come up with an intriguing idea. The Adu Dhabi-based carrier is offering flyers the chance to bid to keep adjacent seats on a flight empty. Passengers can suggest the price they are willing to pay to block […]
Read moreGerman Chancellor Angela Merkel’s conservatives widened their lead over the Social Democrats (SPD) to 15 points in a weekly opinion poll by the Emnid institute published on Sunday, three months before the Sept. 24 election. The Christian Democrats (CDU) and its CSU Bavarian sister party were steady at 39 percentage points in the Emnid poll […]
Read moreBritain’s Brexit minister David Davis said on Sunday he was “pretty sure” he could negotiate a good deal to leave the European Union, something that would require a transitional arrangement for around one or two years. Asked whether he was sure there would be a Brexit deal, Davis told the BBC’s Andrew Marr Show: “I […]
Read moreCurrency, United States Finance
Brexit commission needed to draw poison from debate, says Archbishop
The Archbishop of Canterbury, Justin Welby, called on Prime Minister Theresa May on Sunday to set up a cross-party commission to “draw much of the poison” from the debate over Britain’s decision to exit the European Union. In an article written for the Mail on Sunday newspaper, Welby, spiritual leader of the Anglican Communion of […]
Read moreIf the man often hailed as the original “Dr. Doom” is right, the stock market could see another “lurch” higher — at which point investors may want to cash out quickly and run for cover. Marc Faber, the editor of “The Gloom, Boom & Doom Report’ and a perennial bear, isn’t backing down from his […]
Read moreThis week, America witnessed the successful hunting down and bagging of a major company’s CEO. Too many of us seem to be just fine with it. But we shouldn’t be. That leader was Uber’s chief, Travis Kalanick, who announced on Tuesday that he was stepping down from the company he founded. Let’s get something out […]
Read moreCurrency, United States Finance
British lawmakers get hit by a cyber security attack that prevents them from using email
Britain’s parliament was hit by a cyber attack on Saturday in which hackers tried to access email accounts, politicians and officials said, just over a month after a ransomware attack crippled parts of the country’s health service. Chris Rennard, a member of the Liberal Democrat party in the upper House of Lords, was the first […]
Read moreA new court filing details which individuals have viewed a key document that Alphabet argues will prove Uber knew it was inheriting Alphabet’s technology when it acquired Otto. Current Uber board member Arianna Huffington and former board member Bill Gurley are among those who have seen the report, according to Friday’s filing. Uber came under […]
Read moreSome traders who lost money in this week’s ethereum “flash crash” are going to be credited for their losses, the GDAX cryptocurrency exchange announced on Friday. The price of ethereum, the alternative digital currency to bitcoin, crashed as low as 10 cents from around $319 in about a second in trading on the GDAX on […]
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