Spain, Ireland and the Netherlands were among the top nations investing the most in the United States last year, while China failed to crack the top 10, according to the latest figures published by the U.S. Department of Commerce. The data released by the department’s Bureau of Economic Analysis showed multi-billion dollar foreign direct investments […]
Read moreWhen a devastating hurricane like Irma or Harvey arrives, stories about price gouging inevitably spread quickly. Last week, a one-way coach flight from Miami to Phoenix jumped in price from $547.50 to $3,258.50, prompting immediate outrage. In Houston, a picture of a case of water being sold for $42.96 at Best Buy did the same. […]
Read moreNorway’s tax-cutting Conservative Prime Minister Erna Solberg declared victory on Tuesday after a parliamentary election, narrowly defeating a Labour-led opposition with her promises of steady management of the oil-dependent economy. The win is historic for Solberg, whose supporters compare her firm management style to that of German Chancellor Angela Merkel, because no Conservative-led government has […]
Read moreFinancial institutions with exposure to U.S. properties hit by Hurricanes Harvey and Irma are tempering their loss estimates, as the damage to homes and businesses has been far less severe than expected. Late last week, before Irma hit Florida, reports that the vast majority of homeowners hit by Harvey had no flood insurance stoked fears […]
Read moreBritish inflation hit its joint highest in more than five years in August as households paid more for fuel and clothing, complicating the Bank of England’s job of explaining why it is not raisinginterest rates. The fall in the value of the pound since last year’s Brexit vote helped push up clothing costs which jumped […]
Read moreTraditional European automakers are increasingly prioritizing the development of electric cars over combustion engines as they seek to gain market share in a space dominated by U.S. upstart Tesla. “It is quite clear the future will be electric,” Ralf Speth, Jaguar Land Rover chief executive, told CNBC on Tuesday. “We are going to deliver a […]
Read moreInsolvent Air Berlin said it is cancelling around 70 flights on Tuesday after pilots called in sick in unusually high numbers. Departures information on its website showed flights cancelled from a range of German airports including Berlin Tegel, Duesseldorf, Hamburg and Cologne. TUIfly was also forced to cancel flights last year after many pilots called […]
Read moreCurrency, United States Finance
European markets to open higher as Hurricane Irma passes; UN slaps new sanctions on North Korea
European markets are set to open higher Tuesday as investors enjoy a lull in the ongoing conflict with North Korea and the worst effects of Hurricane Irma appear to have passed. The FTSE 100 is seen opening 26 points higher; the German DAX is expected up by 17 points; and the French CAC is on […]
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A friend of Gulliver’s recently received some devastating news, in the form of a change to company policy. No longer would he and his co-workers be able to book their own flights and file for reimbursements. Instead, the firm would buy all employees’ plane tickets from the start. On the face of it, this is […]
Read moreCurrency, United States Finance
Repeal Bill: Here's how British lawmakers may blow Brexit off course
British lawmakers are poised to have a big say over Brexit on Monday, as MPs divide on the European (Withdrawal) Bill for the first time. Britain’s Parliament will vote Monday evening on whether the ruling right-wing Conservative Party should have the power to transfer laws from Brussels to Britain in order to prepare for Brexit. […]
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