Frankfurt and Dublin are emerging as the clear favorites for post-Brexit relocation among U.K.-based banks, according to a top official at Germany’s central bank. “From the discussions I have, it is my clear impression that Dublin and Frankfurt are the two cities where there is most interest (from City lenders). We have received quite a […]
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European markets set to open lower amid backdrop of geopolitical tension
European markets were set to open lower on Wednesday morning, tracking Wall Street’s slide overnight amid a backdrop of lingering geopolitical tension. The FTSE 100 is seen 28 points lower at 7,347; the DAX is expected to open down by around 44 points at 12,079 and the French CAC is poised to open 30 points […]
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Business and finance Sep 5th 2017 IN JANUARY 2000, George W. Bush, then a presidential candidate, said: “If the terriers and bariffs are torn down, this economy will grow.” His eloquence did little for the cause of free trade. Tariffs have consistently retained broad global support despite the spoonerism. GlobeScan, a consultancy, has regularly conducted […]
Read moreThe Bank of England has settled a dispute over pay with staff that led to the central bank’s first strike in more than 50 years, the BOE and the Unite trade union said on Tuesday. Some maintenance and security staff stopped work for three days last month and a protest outside the bank by around […]
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Conflicting responses by world leaders on North Korea highlight fundamental divide
The conflicting responses by world leaders to escalating tensions on the Korean peninsula have underlined a fundamental divide in the diplomatic strategies of the East and the West. Western leaders have this week espoused ramping up sanctions on North Korea in an effort to increase pressure on the closed state. Meanwhile, neighboring nations in the […]
Read moreBitcoin fell by another $300 on Tuesday after the fallout of a Chinese ban on cryptocurrency crowdfunding methods saw the price of the digital coin slump earlier this week. The virtual currency fell from $4,584 to $4,350 on Monday following the announcement of a regulatory clampdown on initial coin offerings (ICOs). Many start-ups rely on […]
Read moreHurricane Harvey devastated Texas, but it could bring some fiscal order to Washington where Republicans and Democrats will need to put political differences aside in order to approve spending to repair the damage from flooding in and around Houston. Lawmakers returning to Washington after a month-long break are expected to swiftly agree to an initial […]
Read moreGerman Chancellor Angela Merkel has urgently called for more sanctions over North Korea. In a parliamentary address Tuesday, Merkel said she would meet with European Union (EU) foreign ministers this weekend to discuss ramping up sanctions against the rogue state, which launched its latest and most powerful nuclear test on Sunday. “North Korea’s nuclear tests […]
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Sean Spicer ‘candor’ to grace speaking circuit in post-White House gig
President Donald Trump‘s memorable first press secretary, Sean Spicer, has reportedly become the latest White House departee to join the paid speaking circuit. Spicer, who resigned from the West Wing in July but served his last official day on August 31, has signed with Worldwide Speakers Group, the company confirmed to Politico Tuesday. In a […]
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Merkel still the 'right person' to protect the European idea, senior advisor says
German Chancellor Angela Merkel is the “right person” to protect the European project throughout Brexit negotiations, a key political ally told CNBC. “(Merkel) wants to work together with (French President Emmanuel) Macron but also with all others in Europe who want to safeguard the European idea because at the moment we do have a problem […]
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