Rupert Murdoch’s Twenty-First Century Fox said it had secured a deal to buy Britain’s Sky on Wednesday, ratcheting up the stakes of an ongoing bidding war to acquire the European television group. Fox — which is widely expected to receive regulatory approval from the U.K. this week after initially reaching a deal with Sky in […]
Read moreEuropean shares are poised for a lower open Wednesday morning after U.S. authorities unveiled a new list of Chinese products that could see new tariffs. The FTSE 100 is seen off by 48 points at 7,646; the DAX 40 is set to open off by 95 points at 12,514; and the CAC 40 is expected […]
Read more
AT A glitzy party in Toulouse on July 10th Airbus, Europe’s aerospace giant, revealed its “newest” plane. But many aviation buffs might find it familiar. It was a repainted C-Series aircraft—originally developed by Bombardier of Canada—a project in which Airbus bought a 50.01% stake on July 1st. Airbus welcomed the aircraft into its family of […]
Read moreCurrency, United States Finance
Soccer success for England creates beer, barbecue and big screen TV boost for UK economy
It’s not always the case that Britain finds itself in the midst of a heatwave and it’s almost as unusual to find the England soccer team in the latter stages of a major tournament. Both have aligned at this summer’s World Cup in Russia and the efforts of Harry Kane and Gareth Southgate have already […]
Read more
FOR years, online retailers in America have enjoyed an unfair advantage over their bricks-and-mortar competitors. Unless they were physically located in the same state as a shopper, they were not obliged to collect state and local sales taxes. Shoppers were still legally required to pay taxes on their online purchases, but not everyone did in […]
Read moreSeattle-area real estate agent Jerry Martin said he first entered the business in 1977, which means he remembers the days of double-digit mortgage rates and multiple booms and busts. That includes the bubble in 2006 and 2007 and the historic collapse that followed. None of that, he said, quite compares to the “craziness” that has […]
Read moreThe Mehic family fled their home in Bosnia in 1999, four years after the end of the civil war that ravaged the former Yugoslavia. They applied to the United Nations for refugee status, endured more than two years of extreme vetting and ultimately landed in Utica, New York, in the summer of 2001. That upstate […]
Read moreOf the 20 finalists for Amazon’s coveted HQ2 project, only seven are in one of the top 10 states in this year’s America’s Top States for Business study. They are Atlanta; Dallas and Austin, Texas; Boston; Denver; Northern Virginia; and Raleigh, North Carolina. What does that tell us about who will win the $5 billion […]
Read moreAlaskans just got some good news and some bad news. First, the good news: The state’s budget deficit — estimated at $2.4 billion just a few months ago — has been cut by more than two-thirds, to $700 million. It is still large by state standards, but not enough to convince Standard and Poor’s to […]
Read moreCurrency, United States Finance
UK Prime Minister Theresa May receives the backing of her party — for now
The likelihood of a leadership challenge to U.K. Prime Minister Theresa May looks to have faded after the majority of her Conservative Party lawmakers appeared to lend support to her latest Brexit plan. Over the weekend, the U.K. government claimed it had reached unity among senior politicians as it sketched out a three-page deal on […]
Read more