In Cleveland, a new road meant to cut commute times between the suburbs and a downtown medical hub has been redesigned as an “Opportunity Corridor” to bring businesses and jobs to poor neighborhoods along its way. In St. Louis, development officials are repurposing a century-old hat factory into a space for small manufacturers to bring […]
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Europe fights to keep the Iran nuclear deal intact after Trump pulls out
European policymakers are trying to keep the Iran nuclear deal alive, with renewed contacts with both Tehran and Washington. Europeans disapproved of Trump’s decision to leave the agreement, announced Tuesday, and to re-impose sanctions on Iran. The matter seems so urgent for European leaders that European Council President Donald Tusk has added the Iran deal […]
Read moreArgentina has started talks with the International Monetary Fund seeking financial rescue once again, as inflation soars and the currency sinks. Buenos Aires looks to be going through another economic nightmare, with prices rising rapidly while the Argentine peso drops. The central bank announced last week another increase in rates to 40 percent — as […]
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Vodafone to pay $21.8 billion for Liberty assets to strengthen European presence
Vodafone has agreed to pay $21.8 billion to buy Liberty Global‘s assets in Germany, the Czech Republic, Hungary and Romania to take on rivals with a broader offer of superfast cable TV, broadband and mobile. The world’s second-largest mobile operator had held repeated talks with John Malone’s Liberty in recent years in a bid to […]
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An almost certain rate hike from the Bank of England looks set to be postponed
The Bank of England’s (BOE) Monetary Policy Committee (MPC) meets Thursday and is expected to keep interest rates unchanged, marking a sharp turnaround from early projections just a few weeks ago. A month ago, short-term interest rates had been pricing in another 25 basis point rate hike with near certainty (90 percent odds). But Governor […]
Read moreING Groep, the largest Dutch-based financial services company, on Wednesday reported a 2.1 percent rise in first quarter underlying pretax profit to 1.69 billion euros ($2.0 billion), beatingexpectations. Analysts polled for Reuters had seen the figure falling to 1.48 billion euros, compared to 1.65 billion euros in the same quarter a year ago. Source: cnbc […]
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Europe seen eking out gains at the open after Trump pulls US out of Iran deal
European markets are expected to open relatively flat to slightly higher Wednesday morning, as investors digest news that the U.S. administration is pulling the country from the Iran nuclear accord. Looking to major bourses, the U.K.’s FTSE 100 is seen flat at the open at 7,566, while the French CAC 40 is also expected to […]
Read moreA drug originally designed as a treatment for the bone-thinning disease, osteoporosis, is being considered as a possible breakthrough treatment for bald people. Currently only two drugs — minoxidil and finasteride — are available for treatment of male-pattern balding (androgenetic alopecia). A project by The University of Manchester’s Centre for Dermatology Research in England began […]
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WHEN a hacker gets hacked, hackers hack back. That is exactly what an attendee at a hacking conference in Berlin in 2003 did when the keycard-operated lock of his hotel room got hacked. On returning to his hotel room, he found that his laptop had been stolen, but there was no evidence of forced entry. […]
Read moreGary Cohn, the former head of the National Economic Council and key advisor to President Donald Trump, said personal tax cuts need to be made permanent. In his first interview since exiting the White House, Cohn said that is the one piece of unfinished business he left behind. Cohn announced his resignation in March and […]
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