A British real estate agent that drew up a map of where to live in the U.K. to avoid “any nuclear impact from World War Three” has apologized for the stunt. Its publication comes as President Donald Trump ramps up rhetoric against North Korea, today saying that the U.S. military is “locked and loaded” should […]
Read moreCurrency, United States Finance
Foreign minister says there's a Russian-Chinese plan underway to defuse US-North Korea crisis
Russian Foreign Minister Sergei Lavrov said on Friday that risks of a military conflict over North Korea’s nuclear program are very high, and Moscow is deeply worried by the mutual threats of attack traded by Washington and Pyongyang. “The side that is stronger and cleverer” should take the first step to defuse the crisis, said […]
Read moreU.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year. The Labor Department said on Friday the Consumer Price Index edged up 0.1 percent last month after being unchanged in June. That lifted the year-on-year increase in the […]
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Future pilots could operate multiple planes from the ground, UBS analyst says
Jobs being threatened, or at least dramatically altered, by automation is a hot topic – and airline pilots are no exception to the trend. One vision of the future role of pilots, put forward on CNBC’s Squawk Box Thursday by UBS analyst Jarrod Castle, was that: “We’ll go from two pilots down to one with […]
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EUROPEAN markets have started the day with losses of 1% or so, following a 2% decline in Hong Kong’s Hang Seng index and the 1% loss in the S&P 500 index on Thursday. The Vix, a much used measure of market fear, jumped to 16, its highest level since the Presidential election. These are significant […]
Read moreHyperloop, the high speed transportation system envisioned by Elon Musk, could come to an Asian country in the next few years, according to the chief executive of a company working to bring Musk’s vision to life. Dirk Ahlborn, CEO of Hyperloop Transportation Technologies (HTT), sees a working hyperloop in the next three to four years. […]
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FOR football clubs, August is often the costliest month, when they make vast bids for each other’s players. This year has been particularly lavish. On August 3rd Paris Saint-Germain (PSG), a French team, signed Neymar da Silva Santos Júnior, a Brazilian forward, from Barcelona for €222m ($264m), more than double the previous record price for […]
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[unable to retrieve full-text content] National pride and joy THE headlong plunge of shares in Teva, a pharmaceutical giant—down by over 40% since August 2nd—is causing consternation beyond the firm’s shareholders and employees. The company was founded in Jerusalem in 1901, is the largest in Israel and is the country’s only multinational with its headquarters […]
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IT IS not a number to tweet about. President Donald Trump plans to plough $1trn of spending into America’s crumbling infrastructure. And a dearth of capital is not a problem: investors are keen on such assets. But investment seems to be falling. Government infrastructure spending in the second quarter fell to 1.4% of GDP, the […]
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WHERE can you find a 7% interest rate on a sovereign dollar-bond? You would have to take a time-machine to the mid-1990s to find such a yield on a ten-year American Treasury. Alternatively, you could slip back a few days to August 2nd and bid for the $1bn of five-year bonds sold by the government […]
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