The World Economic Forum (WEF) in 2018 is centered on the theme “Creating a shared future in a fractured world.” This year’s aim is to tie together some of the organization’s previous themes and ongoing topics of discussion, including the ‘Fourth Industrial Revolution’, climate change and tackling the productivity crisis in labor markets. The Forum […]
Read moreEuropean markets are set to open mixed on Tuesday morning, as investors awaited the release of corporate earnings while keeping an eye on the euro, which hovered near a three-year peak. The FTSE 100 is expected to open 12 points higher at 7,779; while the German DAX is seen up by 11 points at 13,220 […]
Read morePolice said an explosion has torn through three adjacent homes in Belgium’s northern port town of Antwerp and injured up to 20 people. Antwerp police said in a statement late Monday that most of the injuries were slight. Authorities rescued seven people from under the rubble. Antwerp police spokesman Wouter Bruyns told VRT network: “There […]
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ASK frequent flyers which is their favourite aircraft and most come up with the same answer: the A380 superjumbo made by Airbus, a giant European planemaker. Able to carry 525 passengers in a typical three-class layout, on two full-length decks, the aircraft still feels spacious, with wide aisles and plenty of headroom. Frequent flyers also […]
Read moreBritain scrambled two Royal Air Force Typhoon jets on Monday from Scotland to intercept Russian planes near the United Kingdom’s airspace, a defense ministry spokesman said. The Typhoons were scrambled from RAF Lossiemouth in Moray, Scotland. “This is a live operation and therefore we will not be providing any additional information until the mission is […]
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Germany needs new political blood as Merkel is unlikely to finish fourth term, analyst says
Germany may be a step closer to forming a new government, but there are doubts that Chancellor Angela Merkel will be its leader for the full mandate, a political analyst told CNBC on Monday. Following failed coalition talks between Merkel’s German Christian Democrats (CDU), the Greens and the Free Democratic Party (FDP), the CDU and […]
Read moreAll eyes will be on President Donald Trump at the World Economic Forum (WEF) in Davos, Switzerland, this month with analysts predicting he will use the meeting as a chance to show off his economic and policy successes so far in office. Trump’s attendance at the 2018 Forum, announced in early January, raised eyebrows at […]
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UK construction giant Carillion collapses after lenders refuse further financial support
British construction and services company Carillion collapsed on Monday when its lenders refused to provide any further financial support, forcing it to enter compulsory liquidation. The company, which employs 43,000 people including 20,000 in Britain, provides services in defense, education, health and transport. It said the government would provide the necessary funding to maintain the […]
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European stocks higher after record-highs on Wall Street; Renault, Rio Tinto due to report
European stocks are set to open higher on Monday morning as investors watch out for further earnings and digest political news. The FTSE 100 is expected to open higher by 8 points at 7,785; the German DAX is seen up by 53 points at 13,282 and the CAC 40 is expected to start higher by […]
Read moreHoliday sales jumped 5.5 percent compared to last year, marking the largest jump seen since the end of the Great Recession, the National Retail Federation said on Friday. Total sales for November and December were $691.9 billion, exceeding the industry trade group’s forecast of between $678.75 billion and $682 billion, which would have been an […]
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