Global gross domestic product (GDP) growth could take a hit to the order of around one percent if tariff threats escalate into a trade war, S&P Global’s chief economist forecast Monday. It may not be a global recession, but “one could imagine a scenario where rather than global growth in the threes we have global […]
Read moreAn anti-immigration opposition party won Slovenia’s parliamentary election on Sunday, taking 25 percent of the vote, according to preliminary results. However, the center-right Slovenia Democratic Party (SDS) of former prime minister Janez Jansa may struggle to pull together a government as its hardline stance on immigration has left it short of potential coalition partners. Jansa […]
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Italy's UniCredit reportedly exploring merger with French rival SocGen
Italy’s biggest bank, UniCredit SpA is exploring a merger with France’s Societe Generale SA in a move that would see the European banks leading the way for banking mergers on the continent, the FT said on Sunday. UniCredit’s French chief executive, Jean-Pierre Mustier, a former head of SocGen’s investment banking unit, has been developing the […]
Read moreEuropean markets are set to open higher on Monday amid a slew of corporate news, and despite an anti-immigration party winning an election in euro zone country Slovenia over the weekend. The Italian FTSE MIB leads the charge, set to open 234 points higher at 22,323. The German DAX is seen up 80 points at […]
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US ambassador to Germany says he wants to 'empower' conservatives in Europe
U.S. Ambassador to Germany Richard Grenell said he wanted to “empower” conservatives in Europe, right-wing media platform Breitbart News reported. “I absolutely want to empower other conservatives throughout Europe, other leaders. I think there is a groundswell of conservative policies that are taking hold because of the failed policies of the left,” Grenell told the […]
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Islamic terrorist treat remains 'severe' in the UK one year after London Bridge attack
The threat posed by Islamist militants to Britain is expected to remain high for the next two years and could even rise, the interior ministry said on Sunday, on the first anniversary of an attack that killed eight people in central London. The current threat level to Britain is assessed as severe, meaning an attack […]
Read moreSlovenians are voting Sunday in a parliamentary election with polls predicting that an anti-immigrant party will win the most votes but not enough to form a government on its own. The ballot is being held a few weeks earlier than the country’s regular four-year span following the sudden resignation in March of outgoing Prime Minister […]
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Solidarity with euro zone does not mean sharing debts, Germany's Merkel says, hinting at Italy
German Chancellor Angela Merkel appeared on Saturday to rule out debt relief for Italy, sayingin a newspaper interview that the principle of solidarity among members of the euro zone should not turn the single currency bloc into a debt-sharing union. “I will approach the new Italian government openly and work with it instead of speculating […]
Read moreBritain must submit written proposals on how it plans to keep a frictionless border on the island of Ireland after Brexit in the next two weeks or face an uncertain summer of talks, Irish Foreign Minister Simon Coveney was quoted as saying on Saturday. The border between British-ruled Northern Ireland and the rest of Ireland […]
Read morePedro Sanchez was sworn in as Spain’s prime minister Saturday, a day after the Socialist leader successfully ousted predecessor Mariano Rajoy who lost a no-confidence vote in parliament. Rajoy was in attendance at the ceremony held in the royal Zarzuela Palace and shook Sanchez’s hand after the new leader was sworn in by King Felipe […]
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