London remains the top European city for venture capital investment in financial technology firms, according to data released by Mayor Sadiq Khan’s promotional agency. Investors have poured more than $1 billion into fintech companies across the U.K., including those in London, since the beginning of the year, London & Partners said Thursday. Fintech firms in […]
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Europe set for mixed open as investors look to earnings, Catalonia deadline
European markets are expected to open relatively mixed on Thursday, as earnings season and political turbulence in the region continue to shake up investor sentiment. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 3 points lower at 7,540, while the German DAX is set to start on a positive note, […]
Read moreThe Trump administration, bent on deregulation from the start, has now completed wholesale repeal of the “Mnuchin Rule.” It happened in an interview with Treasury Secretary Steven Mnuchin that Politico published Wednesday. Faced with economic analyses showing the White House plan to cut corporate and personal income taxes provides big gains for wealthy Americans, Mnuchin […]
Read moreThe exact tally is still impossible to calculate, but at least 10,000 homes and other structures have been destroyed by floods, winds and fires in the past three months. Given the acute construction labor shortage that was already at play before these disasters, reconstruction and its repercussions in residential real estate could pose yet another […]
Read moreCoastal real estate in America is so often depicted in images of sprawling mansions with long lawns leading down to boat slips and sandy beaches. They grace the cover of vacation magazines and retirement brochures. But the reality is that the majority of coastal homes are not super swanky, and they are most in danger […]
Read moreGerman construction company Hochtief has confirmed a takeover bid for Spanish toll road operator Abertis. The bid, made at 18.76 euros per share, equates to a total of 17.1 billion euros ($20.1 billion). Hochtief says it will issue 24.79 million new shares to help fund any takeover. The Spanish firm ACS is the parent company […]
Read moreU.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting that housing probably remained a drag on economic growth in the third quarter. Housing starts decreased 4.7 percent to a seasonally adjusted annual rate of 1.127 million units, the Commerce Department […]
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WHEN a revolution happens, the consequences are not obvious straight away. The British referendum on EU membership in June 2016 was seen as a revolt of ordinary people against a globalised elite. The politicians who led the Leave campaign did not seem to expect to win; as wags remarked, they were like “the dog that […]
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Iraq calls on BP to 'quickly' develop disputed oilfields after seizing areas of Kirkuk
Iraq urged BP to help develop oilfields in the disputed city of Kirkuk on Wednesday, after central government forces loyal to Baghdad swept through the Kurdish-held territory at the start of the week. Iraqi forces began a takeover of almost the entire disputed Kirkuk province Monday, with Kurdish forces retreating to nearby oilfields. The military […]
Read moreA UK parliamentary report has criticized Amazon and eBay for not doing enough to prevent tax fraud on their online market places and recommended the government hold the online giants accountable for tax lost to evaders. In April the National Audit Office said Britain was losing up to 1 billion pounds ($1.3 billion) a year […]
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