Swedish payments start-up iZettle said Wednesday it had raised 40 million euros ($47 million) in funding to boost its growth strategy. The small business commerce platform lists Jack Dorsey’s Square among its competitors and currently operates in 12 markets across Europe and Latin America. The funding round was led by early stage venture capital investor […]
Read moreEuropean markets are expected to open lower on Wednesday as investors await the outcome of the U.S. Federal Reserve’s two-day policy meeting. The London-based FTSE is seen opening 19 points lower at 7,479, the German DAX is expected to open 35 points lower at 13,141 and the French CAC is seen 11 points lower at […]
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Some Ryanair pilots in Ireland to strike, German union steps up pressure
Some of Ryanair’s Irish-based pilots served notice of a one-day strike on Tuesday and German pilots’ union Vereinigung Cockpit said strike action was also possible in Germany in a growing push for better conditions at the Irish budget carrier. Pilots at Europe’s largest airline by passenger numbers have mobilised in the wake of the announcement […]
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Facebook to book advertising revenue locally amid political pressure
Social media giant Facebook said on Tuesday it would start booking advertising revenue locally instead of re-routing it via its international headquarters in Dublin although the move is unlikely to result in it paying much more tax. Corporate taxation has become a hot-button topic in the wake of revelations of tax avoidance schemes by multinationals […]
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Bank of England to meet amid UK inflation surge: What to look out for
The most important take-home from Thursday’s Bank of England (BOE) meeting is likely to be talk of what happens next. Analysts are divided on the coming year’s BOE forecast for interest rates and monetary policy changes. Amid a week of important economic data coming out of the U.K., the bank’s Monetary Policy Committee (MCP) meeting […]
Read moreGoldman Sachs is expecting the commodities sector to generate returns of almost 10 percent next year, more than other assets over the long run. Robust demand growth for raw materials worldwide should underpin the case for investors to own them, Goldman said in a research note published Monday. Jeffrey Currie, global head of commodities research […]
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The new Federal Reserve boss will be the same as the old boss when it comes to monetary policy and President Donald Trump‘s tax cuts will pass and add half a point to growth. Those are among the findings of this month’s CNBC Fed Survey, coming at a time of dramatic transition at the Federal […]
Read moreAn explosion at Austria’s main gas hub Tuesday has left one person dead and several injured, according to a report. Gas Connect Austria, which operates the Baumgarten site on the Austrian border with Slovakia, said that the cause of the blast was not yet known. The Austrian Press Agency (APA) is reporting one person dead […]
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French retail giant to buy mall operator Westfield in the biggest takeover of an Australian company ever
France’s Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp. for $15.7 billion, in what would be the biggest takeover of an Australian company on record. The deal accelerates consolidation of the global retail property sector as it grapples with challenges from online retailers led by Amazon.com. It comes on the heels of world […]
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Germany outpaces UK for commercial real estate investment, survey finds
Investor interest in German commercial real estate has risen above even London’s buoyant market, according to research. “Germany is seen as the safe haven of Europe, it has the strongest economy, a liquid market and the ongoing political uncertainty is not making markets worried,” Thomas Schneider, chief investment officer and founder of online marketplace BrickVest, […]
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