A family-owned pub in the north east of England has been named the “best restaurant in the world” based on an international poll of customer reviews. The Black Swan in Oldstead, North Yorkshire, fended off rival restaurants owned by celebrity TV chefs in Britain like Heston Blumenthal and Raymond Blanc. TripAdvisor awarded the prize to […]
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Catalonia given 8-day deadline to drop independence bid — but separatists 'unlikely to back down'
Madrid’s eight-day deadline for Catalonia to drop its independence bid could prove to be fruitless, according to political analysts, who believe that pro-separatist Catalan President Carles Puigdemont will not back down. Speaking in the Spanish capital on Wednesday, Prime Minister Mariano Rajoy warned that if the Catalan government refused, he would suspend the region’s autonomy […]
Read moreEuropean leaders were set to give the greenlight to start trade talks with the U.K. next week but now this might not happen until December, officials and analysts have told CNBC. A lack of progress in the negotiations is increasing the uncertainty for businesses and citizens, who both need to cement their post Brexit-plans as […]
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Europe shares seen lower ahead of data and key central bank speeches; Spain's IBEX set for rally
European bourses look set to open in the red Thursday morning, with investors awaiting data and monitoring speeches from central bankers at the International Monetary Fund’s (IMF) annual meeting in Washington D.C. The German DAX is seen down by 7 points at 12,964. The U.K. FTSE is expected to begin the day’s trading down by […]
Read morePresident Donald Trump on Wednesday said that, “in a sense,” gains made by private financial markets reduce the national debt. The claim is incorrect on its face, but it does point to how the president views the economic interplay between the federal government and Wall Street. “The country — we took it over and owed […]
Read morePresident Donald Trump on Wednesday made lofty pledges about the benefits of the work-in-progress Republican tax plan — and threw in a promise to rid roads of potholes, to boot. Speaking in Pennsylvania to a crowd that included truckers, Trump promoted a tax framework he claimed would boost job creation and put more money in […]
Read moreOdds are gaining for Jerome Powell to be chosen as the next Federal Reserve chairman. Powell, currently a Fed governor, is now the leading contender, according to PredictIt, a website that predicts political and financial events. It puts his odds of selection at 47 percent, higher than the 28 percent odds on Kevin Warsh and […]
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AIRLINES use all sorts of clever tricks to make more money from passengers. They charge extra for bags, for food and for selecting where you sit. Now they are embracing another strategy: packing more seats onto each plane. Last month American Airlines announced that it will insert 12 more seats, or two rows, into its […]
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Fresh elections in Catalonia only way to solve impasse, says centrist leader
An opponent of Catalan independence has said fresh elections will be the only way to break the current impasse between supporters of independence and authorities in Madrid. Albert Rivera, president of the Ciudadanos party, told CNBC Wednesday that current President of Catalonia, Carles Puigdemont, could not stay in his position if progress is to be […]
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A.I. innovation is unlikely to come from a big bank, former Barclays CEO says
Big banks have no advantage over financial technology start-ups when it comes to artificial intelligence, a former Barclays chief executive has said. Antony Jenkins, who led the bank between 2012 and 2015, said that banks have a tendency to focus on mainframe data storage rather than seeking solutions on the cloud. “I think the biggest […]
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