U.S. Commerce Secretary Wilbur Ross has called out the European Union for opposing trade negotiations at a time when China was willing to hold talks. “China are paying their tariffs,” Ross told the panel at an economic development forum in Paris on Wednesday, in response to EU criticism of sweeping import tariffs the White House […]
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Ad man Martin Sorrell makes comeback from WPP blow with tested tactic
Martin Sorrell is staging a comeback just six weeks after he was ousted from WPP, using the same formula as in the 1980s when he transformed a shell company into the world’s biggest advertising group. One of Britain’s best known businessmen, Sorrell said he would invest £40 million ($53 million) of his own money into […]
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London remains a 'very solid' city despite Brexit, consulting firm says
The longer-term outlook for London remains positive despite the uncertainty surrounding Brexit, according to global consulting firm A.T. Kearney’s 2018 Global Cities Report. London is “still very solid” in terms of business activity, cultural experience and its ability to attract top talent, said Olivier Gergele, consumer industries and retail practice partner at the firm. Speaking […]
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Prominent Russian journalist who criticized Kremlin shot dead in Kiev
A prominent Russian journalist and critic of President Vladimir Putin was shot dead in Ukraine where he had fled into exile following threats, police said on Tuesday. Arkady Babchenko, 41, died of his wounds in an ambulance after his wife found him covered in his blood in their home, police said, adding they suspected the […]
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Italy's power struggle is threatening European democracy, union leader says
Italy’s deepening political turmoil has pushed European democracy to the brink of collapse, the leader of the UNI Global Union has said. Rome’s power struggle has rattled global financial markets in recent days, amid renewed fears that euroskeptic parties in the euro zone’s third-largest economy could frame a new election as a de facto referendum […]
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David Copperfield found not liable for tourist’s injuries during magic trick
Illusionist David Copperfield was found negligent but not financially responsible for a British tourist’s injuries during a signature vanishing act that used participants from the audience of a Las Vegas Strip show in 2013, a jury said Tuesday. Gavin Cox and his wife, Minh-Hahn Cox, alleged negligence by the multimillionaire magician, the MGM Grand hotel, […]
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European stocks seen mixed as Italian crisis batters financial markets
European markets are set to open mixed Wednesday morning, amid a deepening political crisis in the euro zone’s third-largest economy. The FTSE 100 is seen 13 points lower at 7,621; the CAC is expected to open off around 8 points at 5,400 while the DAX is poised to start 3 points higher at 12,661, according […]
Read moreItaly’s Prime Minister-designate Carlo Cottarelli is considering giving up his mandate to form a government to open the way for an election as early as July 29, two party sources said on Tuesday. Such a move would require President Sergio Mattarella to dissolve parliament in coming days. If there were to be a vote at […]
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[unable to retrieve full-text content] OF THE €57.7bn ($68.2bn) of loans that Piraeus Bank, one of Greece’s four dominant lenders, had on its books at the end of March, €20.5bn were more than 90 days overdue. A further €11.7bn were also deemed unlikely to be repaid. In all, at the end of 2017 Greek banks […]
Read moreOne of the best-known slogans in recent political history is: “It’s the economy, stupid.” This simple message helped propel Bill Clinton to the White House in 1992 and later sustained his popularity when he faced impeachment. Candidates over the past quarter century have harkened back to this catchphrase – as incumbents running when the economy […]
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