U.S. officials broke into residences at Russia’s consulate in San Francisco, the foreign ministry in Moscow said, threatening retaliation over what it called a hostile and illegal act. Russian staff had left the consulate last month, after Washington ordered Moscow to vacate some of its diplomatic properties, part of a series of tit-for-tat actions during […]
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Why now is an ‘ideal time’ to buy European stocks — and especially banks
Stocks in Europe still have room to push higher in the next few years despite a series of political pressures weighing on sentiment in the region, equity analysts told CNBC. “Core Europe remains one of the preferred markets for us and one we believe offers attractive opportunities for investors over a multi-year time period,” Jeff […]
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Mobile tech start-up backed by Russian billionaire raises $338 million for global expansion
A telecommunications start-up has raised £255 million ($338 million) from investors including Russian tycoon and soccer club owner Roman Abramovich. London-based Truphone said Tuesday it raised the funds in a rights issue, which is when a business sells new shares. Truphone said it would use the capital to erase all existing debt, expand its mobile […]
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FEES for checked luggage are working exactly as intended. That is the main thrust of a new report from America’s Government Accountability Office (GAO) on the recent rise of charges for checking a bag onto a plane when flying. But not everyone is interpreting the study in such a positive light. Critics are crying foul […]
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The UK will not 'cut and paste' EU trade deals after Brexit, says trade chief
The U.K. will not “cut and paste” existing European trade agreements once a deal for Brexit has been completed, the country’s trade chief told CNBC Tuesday. Liam Fox, the U.K.’s international trade secretary, denied that he ever implied that the current agreements would be closely replicated to ensure the British economy isn’t affected by Brexit. […]
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Catalonia goes on strike as calls for 'declaration of independence' grow
A general strike in Catalonia on Tuesday will likely bring much of the wealthy Spanish region to a standstill, a move bound to ratchet up tensions with the Spanish government following a fractious independence vote at the weekend. A large number of pro-separatist trade unions, businesses, schools, transport networks and cultural institutions – even the […]
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European markets seen higher as Spanish stocks rebound after Catalonia concerns
European stocks are set to open higher on Tuesday morning as political concerns ease slightly and investors focus on data releases. The FTSE 100 is seen up by 8 points at 7,437; the DAX 30 is set to start the day up by 36 points at 12,930 and the CAC 40 is expected to open […]
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JUST before dawn on October 2nd, passengers booked to fly on Monarch Airlines began to receive texts informing them that their flights had been cancelled. This was the first news that Britain’s fifth-biggest airline had ceased trading and is now in administration. It is the country’s biggest airline ever to collapse. Monarch had been in […]
Read moreU.S. factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices, pointing to underlying strength in the economy even as Hurricanes Harvey and Irma are expected to dent growth in the third quarter. The economic outlook was also bolstered by other data on Monday […]
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There were riots, smashed doors, and rubber bullets in Spain after Catalonia voted for independence
Police fired rubber bullets, wrestled protesters, smashed doorways and carted off ballot boxes in several parts of Barcelona on Sunday, as long lines of people voted in an independence referendum that could radically reshape politics across a divided region. The outbreaks of police violence at a handful of polling locations served to heighten tensions in […]
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