AIRBAGS are meant to make driving safer. But for years, some made by Takata, a Japanese firm, inflated with such vigour that shards of metal and plastic were launched at occupants of vehicles in even minor collisions, causing serious injury and in some cases death. The costs of the biggest-ever recall of vehicles, hauled back […]
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SOMETIMES an injustice can unite a divided nation. In America it seems that a United Airlines scandal, in which a paying passenger was dragged from an overbooked flight to make way for airline staff, was such a moment. Congress is on the verge of passing bipartisan legislation in response to the incident. This virtually never […]
Read moreGoldman Sachs has downgraded its forecast for oil prices over the next quarter amid a sudden uptick in shale drilling and an unexpected surge in production from Libya and Nigeria. The investment bank now points to a three-month average of $47.50 per barrel for WTI crude, down from its previous estimate of $55.00 a barrel. […]
Read moreCurrency, United States Finance
U.K. Prime Minister Theresa May is living on borrowed time, according to the former governor of Hong Kong. On Monday, Theresa May’s Conservative Party signed a deal with Northern Ireland’s Democratic Unionist Party (DUP). The deal promised the ruling minority Conservative government the support of the 10 DUP politicians in upcoming votes. In exchange, the […]
Read moreIn the aftermath of Britain’s departure from the European Union and the U.S.’s withdrawal from the Paris climate pact, the bloc’s remaining members must take greater responsibility for “existential” challenges the world faces, German Chancellor Angela Merkel said. “We are convinced that climate change is one of the greatest challenges facing humanity, an existential challenge,” […]
Read moreAn R2-D2 droid that was used in several “Star Wars” films has sold at auction for nearly $3 million. The auction house Profiles in History said the 43-inch tall unit that was compiled from parts used throughout filming of the original trilogy sold for $2.76 million at an auction Wednesday. There was no information about […]
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TO THE many invasions of privacy that have become commonplace in air travel—the pat-downs, the hand swabs, the shoe removal, the endless rummaging through luggage by security agents—one more may soon need to be added: the examination of reading material. Last month, America’s Transportation Security Administration (TSA) ran tests at airports in California and Missouri […]
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After seven years of Conservative government-led austerity, a new survey suggests that public sentiment in the U.K. could be changing gears, with support for a tax more, spend more economic model at its highest in a decade. According to the British Social Attitudes survey, conducted by the National Centre for Social Research, 48 percent of […]
Read moreCurrency, United States Finance
The currency markets experienced some major moves this week as politics and central banks come front and center, causing one major banking institution to ditch its parity call on the euro and the dollar. Deutsche Bank on Wednesday morning abandoned calls for the dollar to rise towards parity with the euro. In a research note […]
Read moreThis is a breaking news story. Please check back later for more. Follow CNBC International on Twitter and Facebook. Source: cnbc Euro falls to .1290 on reports market misjudged Draghi speech
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