European markets are set to open to mixed trade on Thursday after the U.S. Congress approved an overhaul of the U.S. tax code that will cut corporate tax rates. London’s FTSE is expected to open 9 points higher at 7,526, the German DAX up 20 points at 13,074 and the French CAC down 3 points […]
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A YEAR ago Dennis Muilenburg, the chief executive of Boeing, the American aerospace giant, had a big problem. Tweets written by Donald Trump, America’s newly elected president, were hitting Boeing’s share price. Their value was initially lifted by the new president’s promise of extra spending on defence. But in December last year Boeing’s shares fell […]
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France fines Johnson & Johnson about $30 million over painkiller patch
France’s competition authority fined U.S. health-care group Johnson & Johnson 25 million euros ($29.62 million) on Wednesday after it found the company had deliberately slowed market access to generic copies of its painkiller Durogesic. Durogesic is sold as a skin patch to control ongoing moderate to severe pain and is often prescribed in cancer cases. […]
Read moreSomething spooked homebuyers last week, and it wasn’t interest rates, because they fell. Even refinancers retrenched. Total mortgage application volume dropped 4.9 percent from the previous week, according to the Mortgage Bankers Association. Applications are now 8 percent lower than the same week one year ago. This is the slowest time of the year for […]
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French prime minister defends his $415,000 private flight from Tokyo to Paris
The French prime minister has defended his decision to charter a private aircraft at a cost of 350,000 euros ($415,000) when a government plane was also available. The office of Edouard Philippe hired an Airbus A340 to fly him and his delegation first class back to Paris from Tokyo, Japan, on December 6. However, it […]
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Power, rivalry and missiles: The dangers of Saudi Arabia and Iran's 'unpredictable' conflict in Yemen
Recent changes in the dynamics of Yemen’s civil conflict — widely seen as a proxy war between rivals Saudi Arabia and Iran — are making it very hard to predict what could happen next in the Middle East. Tensions between Saudi Arabia and Iran ramped up Tuesday following another missile launch from Houthi rebels in […]
Read moreThis is a breaking news story, please check back later for more. The International Monetary Fund (IMF) said that recent progress in Brexit talks was welcome, but added that there was a very long list of tasks ahead with a very ambitious timeframe. Source: cnbc IMF says UK growth seen around 1.5 percent for next […]
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Bank of England will reportedly allow EU banks to operate in UK as normal post-Brexit
The Bank of England will on Wednesday unveil plans to allow European banks to operate in UK as normal post-Brexit, even in a “no deal” scenario, the BBC reported. European banks offering wholesale finance, money and services provided to businesses and each other, would be able to continue operating through branches without having to go […]
Read moreUber is a taxi company, according to a landmark ruling from Europe’s highest court. The European Court of Justice (ECJ) ruled Wednesday that the U.S. ride-hailing app is a transportation firm and not a digital company. The verdict is a long-awaited judgment expected to have major implications for how Uber is regulated throughout Europe. “Any […]
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Spain's political crisis could be about to return as Catalonia goes to the polls
The rebel region of Spain that declared itself independent is holding parliamentary elections later this week that will be a major test for pro-independence politicians and parties. Catalonia’s citizens go to the polls Thursday in what is widely seen as the latest test of sentiment in the region but polls show the contest between pro-secessionist […]
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