Mid-sized British bank CYBG said on Monday it had clinched a deal to take over rival Virgin Money after over a month of talks, in a deal valuing the lender at around 1.7 billion pounds ($2.26 billion). The deal will create Britain’s sixth biggest bank by assets. It is on the same terms as an […]
Read moreEuropean markets are set to open lower Monday after President Trump announced new tariffs against China. The FTSE 100 is seen off by 3 points at 7,642; the DAX is expected to start lower by 28 points at 12,996 and the CAC 40 is seen down by 18 points at 5,494; according to IG. Market […]
Read moreGreek Prime Minister Alexis Tsipras survived a no-confidence motion in parliament on Saturday, setting the stage for the signing of a historic accord with neighboring Macedonia to settle a long dispute over the latter’s name. The motion brought by the opposition New Democracy party was rejected by 153 MPs, with 127 in favor. Political opponents […]
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UK national health service to get $26.5 billion boost post-Brexit, PM Theresa May says
British Prime Minister Theresa May pledged on Sunday to increase funding for the National Health Service (NHS) by 20 billion pounds ($26.5 billion) after Brexit, partly from tax hikes and partly from money that will no longer be going to the European Union. The announcement of more cash for the country’s healthcare system, a regular […]
Read moreOnly a few months ago, the global economy appeared to be humming, with all major nations growing in unison. Now, the world’s fortunes are imperiled by an unfolding trade war. As the Trump administration imposes tariffs on allies and rivals alike, provoking broad retaliation, global commerce is suffering disruption, flashing signs of strains that could […]
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ON MAY 20th, the biggest changes to train timetables in modern British history took place, affecting commuters and business travellers across the country. In the weeks beforehand, the train-operating companies had been spinning the changes as good news for passengers due to an increase in the number of services offered. Journalists were being hosted on […]
Read moreOn Friday the Trump administration announced it will impose a 25 percent tariff on up to $50 billion in Chinese goods in an effort to protect U.S. intellectual property and technology. The decision brought an immediate backlash from Beijing. China in retaliation said it will introduce taxation measures of the same scale and strength. As […]
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Merkel’s position as German leader is under threat over an immigration split
A split over immigration between Angela Merkel’s Christian Democratic Union (CDU) and its sister Christian Social Union (CSU) party is threatening to end her 12-year spell as Germany’s leader. Germany’s grand coalition government was formed in March after five months of political deadlock since an election the previous September. It resulted in Merkel’s fourth term […]
Read moreThe Trump administration will impose a 25 percent tariff on up to $50 billion in Chinese goods, a decision that brought swift condemnation from Beijing as trade conflicts between the world’s two largest economies escalate. In a statement Friday, President Donald Trump said the measures will affect Chinese goods “that contain industrially significant technologies.” The […]
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Molotov cocktails and state-led violence: How Nicaragua is slipping into Venezuela-crisis territory
For nearly two months now, Nicaragua has been coming apart at the seams. The Central American nation of 6 million has been rocked by popular protests and state-level violence since mid-April, and on Thursday night completed 24 hours of a nationwide worker strike in an attempt to push out longtime leader Daniel Ortega and his […]
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