Greece and Macedonia have reached an historic accord to resolve a dispute over the former Yugoslav republic’s name that has troubled relations between the two neighbors for decades. Under the deal, Macedonian Prime Minister Zoran Zaev said his country would officially be called the “Republic of Northern Macedonia”. It is currently known formally at the […]
Read moreEuropean markets are expected to open in mixed territory on Wednesday, as investors await the latest monetary policy decision from the U.S. Federal Reserve. The U.K.’s FTSE is seen opening 11 points lower at 7,699, the German DAX is seen 12 points higher at 12,852 and the CAC is expected to open 1 point lower […]
Read moreThe pound rose on Tuesday after British Prime Minister Theresa May saw off a rebellion in parliament over amendments to a bill for the country’s exit from the EU next year that had threatened to undermine her authority. May had faced a showdown with lawmakers who wanted the power to force her government to go […]
Read moreAn 18th century Chinese vase found in a shoebox in an attic in France sold for 16.2 million euros ($19 million) at auction in Paris on Tuesday. The price was more than 20 times the estimate of 500,000 euros to 700,000 euros auctioneers Sotheby’s had put on the item. It was the highest price reached […]
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A crucial Brexit debate is underway that threatens to derail the whole process
It is almost exactly two years since British citizens voted in a referendum on membership of the European Union. The relatively narrow vote in favor of Brexit stunned Britain’s political class, and that shock remains well represented in the current parliament, where a majority of today’s sitting lawmakers voted against a departure from the world’s […]
Read moreEven wealthy Americans are relying on family members to stay rich. That’s according to new data from Merrill Edge, which found that a third of “mass affluent” Americans are waiting on an inheritance to achieve financial stability. The study includes responses from 1,000 participants and defines the “mass affluent” as those with investable assets between […]
Read moreU.S. consumer prices rose marginally in May amid a slowdown in the pace of increases in the cost of gasoline, pointing to moderate inflation pressures. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent also as food prices were unchanged. That followed a similar gain in the CPI in April. In […]
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Small business optimism rose in May to its highest in more than 30 years, helped by all-time highs in some key index components, the National Federation of Independent Businesses said Tuesday. Expectations for business expansion and reports of positive earnings trends hit record highs, while expectations for strong increases in real sales reached their highest […]
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Jobs outlook for UK financial services hits worst level since 2009, poll shows
Job hiring confidence in the United Kingdom’s crucial financial services sector has sunk into negative territory for the first time since the wake of the 2008 financial crisis, according to a survey compiled by the recruitment firm ManpowerGroup. Manpower’s survey of hiring intentions for the 2018 third quarter described a Net Employment Outlook of -1 […]
Read moreBasking in the afterglow of his apparently constructive meeting with North Korean leader Kim Jong Un, President Donald Trump said that he’d soon like a “real deal” with the U.S.’ other long-time enemy Iran. Speaking to reporters following a historic meeting with Kim, at which the regime’s leader signed an agreement that appeared to commit […]
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