The determining factor in Europe’s forthcoming elections will be migration over anything else — even the economy, Hungary’s foreign affairs and trade minister told CNBC. “If you put into consideration the last three national parliamentary elections of Europe — Hungary, Austria, Italy — you’ll see that the parties that receive the most votes … (are) […]
Read moreCriticizing the U.S. will only backfire on European countries, according to Hungary’s foreign minister, who stressed the need for the EU to stop “bashing” the current administration. Speaking to CNBC in Paris Thursday, Foreign Affairs and Trade Minister Peter Szijjarto described positive engagement as the only way to avoid economic pain brought on by trade […]
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Soros foundation says minister’s accusations about Hungary pullout are ‘nonsense’
As it pulls up stakes and makes an exit from Hungary, George Soros’ philanthropic organization called the latest accusations from that country’s government about the pullout “nonsense.” Without providing specifics, Hungary’s Foreign Affairs and Trade Minister Peter Szijjarto told CNBC Thursday that Soros’ Open Societies Foundation (OSF) left the country because it didn’t want to […]
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European stocks seen higher after Italy agrees to form a government; trade tensions limit gains
European markets are set to open higher Friday morning after Italian parties averted the prospect of a snap election, although renewed fears of a global trade conflict appeared to limit gains. The FTSE 100 is seen 8 points higher at 7,698; the CAC is expected to open up around 18 points at 5,421 while the […]
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New Airbus chief says it will be challenging to meet delivery goals, memo shows
Airbus faces an unprecedented challenge in ramping up production to meet 2018 delivery targets following engine delays and must eventually overhaul an outdated manufacturing system, the planemaker’s new president told staff on Friday. “We have a battle plan in place for this year and the engine manufacturers are working hard to meet their commitments. Still, […]
Read moreCanada will retaliate against new U.S. tariffs by imposing its own trade barriers on U.S. steel, aluminum and other products, Canadian Foreign Minister Chrystia Freeland said Thursday. Freeland said Canada plans to slap dollar-for-dollar tariffs on the U.S. The Nafta partner’s proposed import taxes would also cover whiskey, orange juice and other food products alongside […]
Read moreMillennials increasingly face a difficult decision: pay off student loans or buy a home. That’s because doing both is increasingly impossible. Thanks to soaring college costs starting in the early 2000s, millennials, more than any other generation, were forced to take out massive student loans to pay for their degrees. A decade or so later, […]
Read moreSpanish Prime Minister Mariano Rajoy’s hours in office appeared numbered on Thursday after reports that a Basque political party would back a no-confidence vote over a corruption case, paving the way for Socialist leader Pedro Sanchez to take power. Cadena Ser radio and La Sexta television reported on Thursday that the Basque Nationalist Party would […]
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AT THE annual World Series of Poker, which begins this week in Las Vegas, the main event is the no-limit Texas hold ’em tournament. In the course of two weeks of gruelling knock-out play, several thousand players are whittled down to just two, playing “heads-up” for one of the WSOP’s coveted bracelets. In last year’s […]
Read moreTHE single-storey main branch of the Texas Hill Country Bank, in Kerrville, sits at the back of a tired shopping centre, in the shade of a six-storey Wells Fargo building. When Roy Thompson, the chief executive, was hired (from Wells) in 2012, three years after it opened, he ran a radio ad campaign to alert […]
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