IN THEORY, overnight air travel should be wonderfully convenient. Instead of booking a hotel for the night and losing a day, travellers simply sleep while they fly. In reality, sleeping on a plane is hard, and at an airport tougher still. The chairs in terminals, nobody’s idea of comfort to begin with, tend to have […]
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U.K. Prime Minister Theresa May has asked for a “creative and practical” solution for the country’s exit from the European Union at a speech on Friday. Speaking to an audience in Florence, Italy, May said that the U.K.’s future partnership with the EU cannot be like the European Economic Area – where goods, services and […]
Read moreBritish police said on Friday they had charged an 18-year-old man with attempted murder in connection with last week’s bomb attack at Parsons Green station in London. The Metropolitan police also charged Ahmed Hassan, 18, of Sunbury, Surrey, southern England, with explosive offences. He will appear at Westminster Magistrates Court at 1300 GMT on Friday. […]
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Ahead of the German election this weekend, a politician told CNBC that the country wants a working Europe. Otto Fricke, member of the federal executive board for Germany’s Free Democratic Party laid out his party’s vision for Europe in an interview with CNBC on Friday. “We want a working Europe. We don’t want a fat […]
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U.K. fintech start-up Starling Bank – which operates solely on a mobile app – said it plans to raise £40 million ($54 million) from investors to drive expansion into markets beyond the U.K. The London-based challenger bank doesn’t have a single physical branch, and claims to be the first digital challenger of its kind to […]
Read moreThe White House is softening its stance on trade — if only temporarily — as it seeks to preserve Republican votes on tax reform, according to senior administration officials, congressional aides and outside advisors. A long-delayed investigation into Chinese steel dumping is on hold; the calls to withdraw from North American Free Trade Agreement (NAFTA) […]
Read moreLondon stripped Uber on Friday of its licence to operate from the end of September in a huge blow to the taxi app that will affect more than 40,000 drivers in one of the world’s biggest cities. “Uber’s approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which […]
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Russia’s central bank has been forced to rescue two major lenders in less than a month, intensifying concerns among global investors that a systemic banking crisis could be in the offing. The Russian government’s latest rescue of a major bank was confirmed on Thursday, when the Central Bank of Russia (CBR) said it had nationalized […]
Read moreEuro zone private businesses ended the third quarter with much stronger growth than predicted, bolstered by manufacturers, who had their best month since early 2011, a survey showed on Friday. That growth, alongside rising inflationary pressures, is likely to increase expectations the European Central Bank will announce plans next month to reduce its monthly spending […]
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Angela Merkel looks all but certain to take a fourth term in office as chancellor of Germany following an election on Sunday but many Germans are worried that a nationalist, ring-wing party could also gain a lot of votes. Only founded in 2013, the Alternative for Germany (AfD) party is currently polling in third place […]
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