Over 400 millionaires and billionaires from the United States plan to send a letter to Congress this week petitioning on lawmakers not to cut their taxes — but to raise taxes on the wealthy, according to a Washington Post report. Instead of calling for tax cuts for the rich, the letter urges lawmakers not to […]
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ALONGSIDE Eurocrats, straight bananas and anyone who opposes Brexit, Britain’s tabloid press has found something new to hate this year: British Airways (BA). Britain’s flag carrier has been criticised for cutting legroom in economy, axeing free food and drink on short-haul flights and—horror of horror—the amuse bouche that used to be served before dinner in […]
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How Luxembourg is moving to put itself 'at the heart' of Europe's space exploration industry
One of Europe’s smallest countries now holds claim to being a giant in the space industry. Luxembourg, with a population less than the state of Vermont, now generates nearly 2 percent of its annual gross domestic product from the space industry, according to Deputy Prime Minister Etienne Schneider. The country’s economy checked in just shy […]
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Trump says Putin is 'insulted' by claims Russia meddled in the 2016 US elections
President Donald Trump said Saturday that Russia’s Vladimir Putin again denied interfering in the 2016 U.S. elections. But Trump declined to say whether he believed the Russian leader. “He says he didn’t meddle. I asked him again. You can only ask so many times,” Trump told reporters aboard Air Force One on the trip to […]
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EU gives the UK a 2-week deadline for the next stage of Brexit talks
The EU’s Brexit negotiator has pressed the U.K. once again to move fast with its negotiations to leave the bloc. Michel Barnier told reporters in Brussels Friday that the U.K. needs to clarify its position in the next two weeks in other to kick off trade talks in December. The EU and the U.K. concluded […]
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OPEC and Russian officials have called on some of the world’s leading oil producers, both inside and outside the cartel, to form a consensus and back a supply curb until the end of 2018. OPEC is widely expected to defer an announcement regarding an extension to cuts at its next policy meeting in November. However, […]
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Uber suffers another setback in the UK as it loses employment tribunal over drivers' rights
This is breaking new story, please check back later more. Uber has long argued that its drivers are self-employed rather than workers at the firm. The employment tribunal’s decision is not only a challenge for Uber’s business in Britain, but for the so-called “gig economy” as a whole. On Thursday, Sean Nesbitt, partner at Taylor […]
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Former Lebanese leader not under house arrest in Saudi Arabia, French foreign minister says
France‘s foreign minister said on Friday he believed that former Lebanese Prime Minister Saad al-Hariri was not under house arrest in Saudi Arabia and did not have any particular constraints on his movements. “As far as we know, yes. We think he is free of his movements and it’s important he makes his own choices,” […]
Read moreEuropean stocks are expected to open mixed Friday morning, as investors continued to monitor corporate earnings. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 3 points higher at 7,487, while the German DAX is set to start on a negative note, down 8 points at 13,190, and the French CAC […]
Read moreReplacing New York Fed President Bill Dudley may be one of the most controversial Fed appointments in recent memory. Dudley, who is in his mid-60s, announced his retirement last week, likely by the spring or summer, and speculation is already rife in markets about who will get his job. Some call it the second-most important […]
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