President Donald Trump should be given some leeway in his effort to rebalance America’s trade relationships, House Majority Leader Kevin McCarthy told CNBC on Friday. If Trump was able to get North Korea to the negotiating table in spite of the criticism he faced late last year for his “fire and fury” comments to Kim […]
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NOTE to travellers headed to a stag do: the festivities begin at your destination, not on the plane that is taking you there. This might seem obvious, but many revellers appear unsure. Last week, an easyJet flight from Bristol to Prague was delayed and ultimately cancelled after a group of stags got their celebration off to an […]
Read moreBritain’s markets watchdog will press ahead with a new premium listing next month aimed at attracting companies like state-controlled Saudi Aramco to London, although the rules have been “refined” following investor criticism. The Financial Conduct Authority’s initial proposal last year led to suggestions the British government had influenced the watchdog to try to secure the […]
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Some Brexit ministers are not acting in good faith, UK lawmaker warns
Brexit negotiations have been dragging for months because the British government is not focused on what really matters, a U.K. lawmaker told CNBC on Friday. The process that will take the U.K. out of the European Union (EU) remains far from complete. The U.K. has still not outlined in precise terms how it intends to […]
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Swiss vote on how to create money is challenging for bankers, economist says
Switzerland’s upcoming vote on how to create money is intellectually challenging for the traditional banking system, an economist told CNBC on Friday. The wealthy nation is due to vote Sunday on whether it should have a so-called sovereign money system — meaning the central bank would be the only provider of Swiss francs. In other […]
Read moreBT Group‘s Chief Executive Gavin Patterson will step down later this year after the British telecom company’s chairman said a change in leadership was needed. Patterson, who has led BT for almost five years, announced 13,000 job cuts last month in an attempt to address multiple pressures on the business. But a failure to hit […]
Read moreCanada’s Senate on Thursday voted to legalize recreational marijuana, clearing a major hurdle that puts the country on track to become the first Group of Seven nation to permit national use of the drug. The upper chamber Senate voted 56-30 in favor of the legislation but included amendments that the House of Commons will need […]
Read moreBritish Prime Minister Theresa May urged lawmakers to back the legislation that will end Britain’s membership in the European Union, ahead of a series of crunch parliamentary votes that could see a rebellion by those who want closer EU ties. May’s Brexit plan will begin its most severe test to date on June 12 when […]
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Trump vs. world: Tariff dispute likely to cast a chill over G-7 summit
There will likely be a chill in the air at Friday’s G-7 meeting in Quebec following President Donald Trump’s decision to press ahead with tariffs on steel and aluminum imports from the European Union, Mexico and Canada. The two-day summit will see Trump meet with his counterparts from Canada, Japan, the U.K., France, Germany and […]
Read moreEuropean bourses looked set to begin trading negatively on Friday morning as investors worried about world trade ahead of this weekend’s G-7 meeting in Canada. The Italian FTSE MIB was set to fall the furthest at the market open, and was down 144 points at 21,603. Meanwhile, the German DAX was expected to open 93 […]
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