IN February of 2001, Alan Greenspan, then still the chairman of the Federal Reserve, and still called the “Maestro”, testified to the Senate Budget Committee. The committee wanted to get started on the tax cuts George W. Bush had promised during his campaign. Mr Greenspan gave them his qualified blessing, with an argument that now […]
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A tide of acid attacks in London in recent weeks has led to fears for the safety of members of the public – including tourists. On Monday, a tourist believed to be from Qatar was sprayed with corrosive liquid. The attackers took off with his expensive watch and phone before speeding off on a moped. […]
Read moreDiscount supermarket chain Aldi is withdrawing all eggs from sale at its more than 4,000 stores in Germany as a precaution, it said on Friday, as a scare over the possible contamination of eggs with insecticide spreads. Traces of insecticide fipronil were found in eggs in Belgium and the Netherlands last month, which has led […]
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Irish Prime Minister Leo Varadkar called on Friday for the European Union and Britain to find “unique solutions” to their Brexit logjam, including a bespoke customs union. That would solve the problem of a hard border in Ireland once Britain has left the EU, something that is of great concern to Dublin. Varadkar, a new […]
Read moreOil market is expected to see a downward correction this quarter but Brent prices will move higher in the final quarter of this year, according to a research note from Barclays. “Prices have moved higher, due to a perfect combination of a favorable macro environment, a seasonal uptick in consumption, continued inventory drawdowns, and geopolitical […]
Read moreJob creation among small businesses picked up in July as strong economic growth in the United States and abroad gave confidence to small business owners, a National Federation of Independent Business report showed on Thursday. The percentage of U.S. small business owners saying they planned to add to payrolls in July exceeded those with plans […]
Read morePoland’s future within the EU has come under renewed uncertainty after the President of the European Council said the country’s “arrogant” rejection of EU law signals its desire to exit the union. Donald Tusk, Poland’s former Prime Minister, hit out at his home country’s ruling Law and Justice party Thursday, saying that its fragile relationship […]
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German insurance titan Allianz said on Friday that it had agreed to create a joint venture and strategic partnership with British insurer LV= to form the third-largest property and casualty insurance company in the UK. Allianz will pay 500 million pounds ($657.35 million) in exchange for a 49 percent stake in LV=’s General insurance business, […]
Read moreHe’s the leader of the largest economy in the world, but President Donald Trump‘s inability to deliver on his aims has made him lose standing among some of his biggest rivals and most crucial diplomatic allies, according to one Chinese political analyst. “The evaluation of Trump, which certainly I get from a lot of Asians […]
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Swiss Re, the world’s second-largest reinsurer, wrote 10 percent less business during the July property and casualty contract renewal season as rates continued to decline, albeit at a slowing pace, it said on Friday. First-half net profit fell 35 percent to $1.2 billion, after claims from natural disasters such as Australia’s Cyclone Debbie compounded the […]
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