WHEN Gary Leff, a prominent travel blogger, took his first flight on one of the new “no legroom” planes operated by American Airlines, he found that the experience was not nearly as bad as he feared. American had drawn howls of protest from customers when it announced it was reducing the distance between rows of […]
Read moreCurrency, United States Finance
Britain has not conducted a formal sector-by-sector analysis of the impact that leaving the European Union will have on the British economy, Brexit minister David Davis said on Wednesday, arguing that they were not necessary at the current time. “There’s no systematic impact assessment I’m aware of,” Davis told a parliamentary committee, saying it would […]
Read moreCurrency, United States Finance
The European Union announced fresh measures on Wednesday to further integrate the euro zone and assist members in joining the group’s monetary union, the euro. European Commission Vice President Valdis Dombrovskis, who also serves as the European Commissioner for the Euro and Social Dialogue, presented the contours of a package for the completion of Europe’s […]
Read moreCurrency, United States Finance
The Greek government no longer believes that stimulus from the European Central Bank (ECB) is crucial for the economic recovery in Greece. “I think we will join the (quantitative easing) program but it’s not so crucial for us, as we believed before,” Greece’s Prime Minister Alexis Tsipras told CNBC exclusively Tuesday night. Greece is ineligible […]
Read moreCurrency, United States Finance
European Commission Vice President Valdis Dombrovskis announced a package for completion of economic and monetary union “to strengthen resilience of the euro zone.” This is a breaking news story, please check back later for more Source: cnbc EU commissioner says it is ready to assist new members wanting to join the euro
Read moreCurrency, United States Finance
European markets are expected to open lower on Wednesday as investors gear up for earnings and fresh data, while digesting the latest news surrounding Brexit, Europe and what’s going on in the U.S. political sphere. On the bourses front, the U.K.’s FTSE 100 is expected to open 40 points down at 7,287, while the German […]
Read moreCurrency, United States Finance
Forget Matteo Renzi and Emmanuel Macron, who both became European heads of state in their 40s. The continent may be on the verge of yet another “youth-quake” moment: a millennial prime minister. Luigi Di Maio is 31 years old, and he could become Italy’s next leader when the election is held in 2018. A lawyer, […]
Read moreCurrency, United States Finance
Britain’s interior minister Amber Rudd said on Tuesday a government report had concluded it was “conceivable” that security services could have prevented a suicide attack which killed 22 people at a pop concert in Manchester in May. Salman Abedi, a 22-year-old Briton born to Libyan parents, blew himself up at the end of a show […]
Read moreThe assassination of Yemen’s former president Ali Abdullah Saleh has changed the dynamics in the country’s ongoing civil war, which is effectively a proxy war between Saudi Arabia and Iran, according to Middle East experts. Saleh’s death on Monday came as he tried to flee the Yemeni capital Sana’a after he had broken an alliance […]
Read moreBritain’s Cineworld Group Plc has agreed to buy U.S. movie theater operator Regal Entertainment Group for $3.6 billion in cash, the companies said on Tuesday. A deal would put the combined company in a better position to take on U.S. industry leader AMC Entertainment Holdings Inc, and also give it more scale to fight growing […]
Read more