Airbus said on Tuesday it had taken steps to comply with a World Trade Organization (WTO) ruling on subsidies for its A350 and A380 jets, which has seen the United States and Europe trade legal blows on behalf of Boeing and Airbus. The move comes after the United States won the right to seek sanctions […]
Read moreEuropean markets are set to open mixed Tuesday morning, as investors continue to monitor fresh corporate earnings. The FTSE 100 is seen off by 12 points at 7,856; the CAC is expected to open around 3 points lower at 5,632 while the DAX is poised to start up by 12 points at 13,148, according to […]
Read moreThe Trump Administration’s economic policies remind me of the Al Pacino film, “Dog Day Afternoon.” It was based on the true story of a bank robbery gone bad, largely because of the slap-dash approach to the crime, the lack of contingency planning and the fundamental incompetence of the two hapless criminals, Sonny and Sal, who […]
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OVER the past year, there have been myriad stories in the press about airlines mistreating passengers. Last April David Dao, a passenger on a domestic United Airlines flight from Chicago to Louisville, was violently dragged off the plane to accommodate crew for another flight. This month United hit the headlines again when a Nigerian passenger […]
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British court dismisses charges against Barclays over 2008 Qatar deal
A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations. The SFO was, however, not prepared to let the case drop. “We are likely to seek to reinstate […]
Read moreTriumphant tones coming from the White House over the weekend are inconsequential, Moody’s chief economist said Monday, deflating hopes that the U.S. is gaining major ground in its negotiations with China aimed at averting a trade war. “I think it’s a lose-lose. There are no winners here,” Mark Zandi told CNBC’s “Squawk Box Europe” on […]
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Zuckerberg's meeting with EU officials will now be livestreamed following criticism
Facebook Chief Executive Mark Zuckerberg has agreed for his meeting with European officials Tuesday to be livestreamed. Antonio Tajani, president of the European Parliament, said on Twitter Monday he had personally raised the possibility of webcasting the meeting with Zuckerberg. “I am glad to announce that (Zuckerberg) has accepted this new request. Great news for […]
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US likely to slap tough oil sanctions on Venezuela — and that's a 'game changer' for Maduro
The U.S. is almost certainly preparing to impose targeted crude sanctions against Venezuela, analysts told CNBC on Monday, in a move likely to constitute a “devastating” blow for the oil-dependent state. Venezuelan President Nicolas Maduro won re-election to another six-year term on Sunday, despite widespread anger over the South American country’s crushing economic and social […]
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This is the impact the Italian populist government could have on the euro
The resurgence of a populist government in Italy is unlikely to push the euro significantly higher amid concerns the country will be spending more than what its economy generates. The euro has been on a sketchy patch since the start of the year — becoming stronger against the U.S. dollar, mainly in the first months […]
Read moreThe European Union’s efforts to protect Iran’s benefits from the 2015 nuclear deal after the U.S. pull-out are not enough, Iranian Foreign Minister Mohammad Javad Zarif said Sunday. “With the withdrawal of America… the European political support for the accord is not sufficient,” Zarif told Miguel Arias Canete, EU commissioner for energy and climate, during […]
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