London is being used as a “base for the corrupt assets” of individuals linked to Russian President Vladimir Putin and the Kremlin, the U.K.’s foreign affairs committee said in a report published Monday. “The use of London as a base for the corrupt assets of Kremlin-connected individuals is now clearly linked to a wider Russian […]
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Ryanair CEO says some airlines will not 'survive' the winter due to elevated oil prices
The chief of budget airline Ryanair said Monday he fully expects some of his European rivals to file for bankruptcy over the coming months. The Irish airline warned that elevated oil prices — and consequently fuel costs — would probably cause some of its regional peers to go bust in early 2019. A dramatic upswing […]
Read moreChina has funneled billions of dollars into aid, loans and business deals on the African continent in recent years. But as ties continue to strengthen, a former Nigerian finance minister has warned that Beijing-style economic governance will not work for Africa. “China has been very helpful,” particularly with building much-needed infrastructure in Africa, Ngozi Okonjo-Iweala, […]
Read moreItaly’s Five Star Movement (M5S) and Lega party have reportedly agreed on who the next prime minister should be — taking another step closer to implementing their governing coalition and restoring a political structure to the country. Speculation is rife that M5S and Lega’s leaders, Luigi Di Maio and Matteo Salvini, have chosen a private […]
Read moreEuropean stocks are set to start the week on a higher note with investors digesting weekend developments in U.S.-China trade talks. The FTSE 100 is seen up by 51 points at 7,824; and the CAC 40 is expected to open up by 22 points at 5,632; according to IG. The German and other European markets […]
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The Fed is an open book, but foreign trade and security are the wild cards
Anybody capable of reading the Fed’s balance sheet can get an instant fix on what the American monetary authorities are up to. There is no need to bother with “forward guidance” — a bunch of confusing and contradictory statements serving as betting fodder for in-out trades and the Fed’s trail covers between bi-weekly reserves reporting […]
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EU could compensate firms hit by US sanctions over Iran – French minister
France is looking to see if the European Union could compensate European companies that might be facing sanctions by the United States for doing business with Iran, said French finance minister Bruno Le Maire on Sunday. Le Maire referred to EU rules going back to 1996 which he said could allow the EU to intervene […]
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Currency, United States Finance
A royal wedding, in pictures: Britain's Prince Harry marries Meghan Markle
Prince Harry, grandson to Queen Elizabeth II, married American actress Meghan Markle on Saturday, in a ceremony that took place at St George’s Chapel at Windsor Castle. The wedding was a global affair, with thousands camped out along the procession route to Windsor Castle. Around the world, millions were watching on television — even in […]
Read morePrince Harry and Meghan Markle gazed into each other’s eyes and pledged their eternal love Saturday as they married at St. George’s Chapel in front of hundreds of celebrity guests and millions of viewers around the world. The American actress arrived to a fanfare and walked down the aisle accom panied part of the way […]
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GULLIVER’S regular readers might be interested in an article in this week’s print edition about Boeing’s partial victory in a case at the World Trade Organisation, brought in retaliation for subsidies that the European Union is alleged to have given Airbus, its European planemaking rival. On May 15th the WTO’s final appeals body upheld parts […]
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