EARLIER this month a woman arrived at O’Hare International Airport in Chicago without a ticket, boarding pass, or passport and flew to London. Prosecutors claim she did this by sneaking past officials from the Transportation Security Administration, a government agency responsible for airport security, while they were inspecting other travellers’ boarding passes. She was briefly […]
Read moreRussian oligarchs are biting their nails in anticipation of a U.S. Treasury report outlining new sanctions to be enacted Monday on certain Russian business entities and friends of the Kremlin. However, the Trump administration, which has been characterized as dragging its feet on punitive measures against Russia, is unlikely to enact the most stringent measures […]
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Deutsche Bank has defended its decision to raise its annual bonus payments. Germany’s biggest lender is to lift its 2017 pot of bonus cash to more than 1 billion euros ($1.2 billion) despite registering a third consecutive year of losses. Earlier this month Deutsche warned that weak trading and a 1.5 billion euro hit resulting […]
Read moreWhen President Donald Trump imposed steep tariffs on imported washing machines last week it was a “Not Again” moment for officials in this north Tennessee city that has lost jobs to an international trade dispute before. The move threatens to stunt the launch of a new LG Electronics washing machine factory under construction in Clarksville, […]
Read moreLike the millennials it wants to attract to work at its new headquarters, 23-year-old Amazon faces a tough choice. It can move into the city, with all of its vibrancy, cachet, and access. Or it can move to a suburb, with all of the city’s attributes just a short drive or train ride away, and […]
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General positivity about Europe’s financial sector is not expected to last long, according to two asset managers, who have warned that banks might not be the best investment option over a longer period. “I can put my equity money into better companies where I get a better return, so I am quite happy to leave […]
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The British government’s “refusal” to discuss and outline the U.K.’s post-Brexit relationship with the European Union is alarming, analysts and policymakers told CNBC on Monday. With the final phase of negotiations set to receive the green light Monday afternoon, Prime Minister Theresa May’s government appears lacking in unity and without a detailed plan, they said. […]
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Apple has notified suppliers that it will halve its iPhone X production target for the first quarter to around 20 million units, Nikkei reported on Monday without citing a source. The cut was prompted by slower-than-expected sales in the holiday shopping season in Europe, the United States, and China, Nikkei reported. The report added that […]
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French drugmaker Sanofi has agreed to buy Belgian biotech company Ablynx for 3.9 billion euros ($4.8 billion), beating Novo Nordisk and marking its second big deal this month after buying Bioverativ. The deal is a further sign of accelerating mergers and acquisition (M&A) activity in the global biotech sector and comes after Ablynx rejected a […]
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That moment when you’re on vacation and go down to the hotel pool to find towels placed on every sunbed could soon become a thing of the past with a the launch of a pre-booking scheme for sun loungers. British travel giant Thomas Cook announced Monday that it was launching a service that allows customers […]
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