Germany’s biggest airport is canceling 170 flights because of snowfall, though forecasters predict the weather will improve over the course of the day. Frankfurt airport said flights to Berlin, Hamburg, Munich, Vienna, Dublin and Warsaw were affected by cancellations Monday. Delta and Lufthansa connections between Frankfurt and the U.S. were also affected by a power […]
Read moreGermany’s Vonovia has agreed to buy Buwog in a cash deal valuing the Austrian real estate company at 5.2 billion euros ($6.12 billion), the two companies said on Monday. The deal will further grow Vonovia’s portfolio of residential properties to almost 400,000 flats from around 350,000 now, cementing its position as Germany’s leading property group […]
Read moreEuropean stocks are expected to open higher on Monday morning, with sentiment lifted by heightened expectations that U.S. lawmakers could pass a long-awaited tax bill. The FTSE 100 is poised to open up by around 14 points at 7,497; the DAX is seen 76 points higher at 13,181 and the CAC 40 is set to […]
Read moreBritish Prime Minister Theresa May has said that her government is “proving the doubters wrong” after European Union leaders agreed that Brexit negotiations can finally move on to their next phase in the new year. Leaders of the other 27 EU nations gave a boost to May on Friday when they declared that talks over […]
Read moreAustria’s conservative leader Sebastian Kurz has brought the far right Freedom Party (FPO) into government, striking a coalition deal he aims to cement with his own party and Austria’s president on Saturday. The deal on Friday propels Heinz-Christian Strache’s FPO into power for the first time in more than a decade, after both the FPO […]
Read moreCurrency, United States Finance
China, UK vow to bolster economic cooperation, speed up stock connect plan
China and Britain have vowed to continue and strengthen cooperation on a wide range of economic, financial and trade issues, including speeding the introduction of a London-Shanghai stock connect program. In a joint statement on Saturday, coinciding with an official visit to China by British finance minister Philip Hammond, the countries also said they opposed […]
Read more
WHEN Donald Trump became America’s president nearly a year ago, lobbyists campaigning for protection for the country’s airlines against competition from the Middle East were overjoyed. But they were less happy on December 13th when it was revealed that Donald Trump has decided to hold off on imposing sanctions against the three big Gulf carriers—Emirates […]
Read moreIt’s crunch time for gift givers this holiday season. With 10 days left to Christmas, retailers are hoping to cash in on the final stretch of shopping. So far, spending is strong. While the sales growth rates vary between different data gathering firms and techniques, the overall trend shows a better holiday season for retailers […]
Read moreFederal Reserve officials do not seem to be buying what tax-cut advocates are selling, namely that economic growth will offset the proposed rate reductions. Even with the sharp uptick in 2018 GDP projections, central bank policymakers view gains in coming years as muted and more in line with the post-financial crisis trend. Following its meeting […]
Read moreAirbus confirmed the departure of planemaking chief Fabrice Bregier as part of a series of board moves on Friday to clear the air over succession plans following weeks of speculation surrounding Europe’s largest aerospace firm. The move gives rival Chief Executive Tom Enders a free hand for the rest of what will now be his […]
Read more