Poland is facing the prospect of an unprecedented institutional crisis, amid escalating tensions between its nationalist government and the EU. Thousands of people took part in anti-government protests in Warsaw and several other Polish cities late Tuesday, after the country’s ruling Law and Justice party (PiS) implemented legislation that could force as many as one-third […]
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Uber returns to Finland after a change to the country’s strict transport laws
Uber is re-launching its services in Finland, following an almost one-year suspension that resulted from the country’s strict transportation laws. Two of its most popular services, UberX and UberBLACK, will be available again in Helsinki, Finland’s capital, as of 3 p.m. CET (9 a.m. ET) on Wednesday, the company said in a blog post. Finland’s […]
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The EU is reportedly considering international talks to cut car tariffs
European officials are considering holding talks on a tariff-cutting deal between the world’s largest car exporters to prevent an all-out trade war with the U.S., according to the Financial Times who cited diplomats briefed on the matter. The proposal is being looked at by officials in Brussels, the administrative heartland of the European Union, ahead […]
Read moreEuropean stocks are set to open mixed Wednesday morning, amid elevated tensions between the U.S. and China over looming trade tariffs and investment restrictions. The FTSE 100 is seen little changed at 7,582; the CAC is expected to open down around 5 points at 5,310 while the DAX is poised to start 22 points lower […]
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Iran’s president is in Europe to save the nuclear deal … but he risks starting a 'messy dispute'
Iranian President Hassan Rouhani is in Europe to meet the leaders of Austria and Switzerland in a bid to save the international nuclear deal that has been abandoned by the U.S. However, trying to do so could cause a “very messy dispute” between the U.S. and Europe, according to one expert. “The U.S. will increase […]
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Drinking as many as eight cups of coffee a day could help you live longer, study says
Drinking coffee could boost your chances of a longer life, research shows, even for those who consume as many as eight cups a day. In a study of around half-a-million British adults, coffee drinkers were found to have a slightly lower risk of death over a 10-year follow-up period than non-coffee drinkers. The apparent longevity […]
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Bank of England policymaker says UK rates may rise faster than markets are expecting
The Bank of England (BOE) might surprise markets with a faster increase in interest rates than is currently expected, a member of the central bank’s Monetary Policy Committee told CNBC Tuesday. Market players have priced in a little bit more than one rate hike over the next 12 months. But, according to the BOE’s Michael […]
Read moreThe German coalition government has been salvaged after Chancellor Angela Merkel reached a compromise with interior minister and the leader of the Christian Social Union (CSU), Horst Seehofer, ending a bitter standoff over immigration. A political crisis was avoided Monday evening when Seehofer dropped his threat to resign after hours of talks with Merkel. The […]
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European markets seen slightly higher after Germany’s Merkel strikes migration deal
European stocks are set to open slightly higher Tuesday morning, though underlying sentiment could be soured by anxiety over global trade frictions. The FTSE 100 is seen little changed at 7,557; the CAC is expected to open up around 12 points at 5,285 while the DAX is poised to start 30 points higher at 12,272, […]
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Cross-border megadeals fall for the first time since 2013 amid trade and political concerns
Trade tariffs and political interference have started to hurt cross-border megadeals, a report from Mergermarket showed Tuesday. Although the first half of 2018 represented the strongest six months in merger market activity since the financial crisis, cross-border deals have taken a hit. In total, megadeals reached a value of $1.94 trillion in the first six […]
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