British Prime Minister Theresa May is poised to meet her Canadian counterpart, Justin Trudeau, on Monday in order to discuss a long-running corporate dispute threatening thousands of jobs in the U.K. Boeing, a U.S. plane manufacturer, is currently locked in a legal battle against Canadian rival Bombardier and given the potential ramifications of the case […]
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Black and Asian employees at PwC UK paid 13% less than other workers
Black, Asian and minority ethnic (BAME) workers at PwC in Britain are paid nearly 13 percent less than other employees, according to data published by the company on Monday. PwC, one of the world’s top four accounting firms, said its BAME employees were statically paid less because more of them worked in junior or administrative […]
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Merkel's German election victory looks assured — but the real test comes after
Polls in Germany point to Angela Merkel’s re-election as German chancellor in a general election in less than a week’s time, but speculation is mounting over which party could join her conservative Christian Democrats to form a coalition government. If re-elected for a fourth term, Merkel’s choice of partner will quickly become the main focus […]
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European markets set to open higher amid cooling geopolitical tensions
European markets were set to open higher on Monday morning, as global investors returned to perceived riskier assets amid cooling geopolitical tensions. Britain’s FTSE 100 is poised to open 30 points higher at 7,237; the German DAX is expected to open up by around 70 points at 12,589 while the French CAC is set to […]
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We asked 4 global banking bosses what they're doing about Brexit. Here's what they said
As U.K. Prime Minster Theresa May prepares to relaunch her Brexit strategy, global banking bosses meeting nearly 7,000 miles away from London are drawing their own road maps in the event she fails. “We are all planning for the worst, but hoping for the better,” John McFarlane, chairman of Barclays told CNBC at the Singapore […]
Read moreAnybody investing in euro-denominated assets should know that the currency’s future, just as was the case with its origin, crucially depends on a French-German agreement — so far on Germany’s terms. The latest such bargain is falling apart. An implied deal around French economic and political (i.e., structural) reforms, demanded by Germany, and France’s quest […]
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Second man arrested in London train attack investigation, Metropolitan Police say
A second man was arrested in the U.K. by detectives from the Metropolitan Police’s counter-terrorism command investigating the terrorist attack at the Parsons Green underground station. The 21-year-old man was arrested in Hounslow, a borough in west London, late on Saturday local time, under section 41 of the Terrorism Act, the police said. He was […]
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Europe suggests Trump won't back out of Paris climate accord, but the White House quickly denies it
The White House immediately disavowed on Saturday a Wall Street Journal report suggesting the Trump administration is reversing its stated intention of abandoning the Paris climate accord. According to the publication, the European Union’s Commissioner for Climate Action and Energy Miguel Arias Canete said that President Donald Trump would abide by the landmark agreement, which […]
Read moreThe surprise drop in August retail sales is being blamed on Hurricane Harvey and Amazon. Retail sales fell 0.2 percent, but without autos, sales were actually up 0.2 percent in August. Some of the 1.6 percent decline in auto sales was blamed on Harvey. But there was also a surprising dip in a category that […]
Read moreHundreds of London police embarked on a massive manhunt Friday, racing to find out who placed a homemade bomb on a packed London subway train during the morning rush hour. The explosion wounded 22 people and ignited a panicked stampede to safety. Witnesses described seeing a “wall of fire” as the bomb — hidden in […]
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