The infotainment technology that automakers are cramming into the dashboard of new vehicles is making drivers take their eyes off the road and hands off the wheel for dangerously long periods of time, an AAA study says. The study released Thursday is the latest by University of Utah professor David Strayer, who has been examining […]
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European markets set for a mixed open but Spanish stocks expected to rebound
European stocks are set for a mixed open on Thursday morning as investors monitor political events and take a cautious approach ahead of key data releases. The FTSE 100 is seen flat at 7,466; the CAC 40 is expected to open lower by 3 points at 5,358 and the DAX in Germany is seen lower […]
Read moreRussian President Vladimir Putin said on Wednesday a deal between OPEC and other oil producers to reduce production could be extended to the end of 2018, a longer time frame than others have suggested till now in the bid to curb a supply glut. The pact between the Organization of the Petroleum Exporting Countries, Russia […]
Read moreEurope’s political leaders are calling for a quick and meaningful solution to the constitutional crisis enveloping Spain following the Catalonia region’s “illegal” referendum vote Sunday, with fears that the vote could spread uncertainty throughout the continent. As the situation stands, Catalan leader Carles Puigdemont said Tuesday that his government is ready to declare independence “in […]
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The EU is taking Ireland to court for failing to recover taxes from Apple
The European Commission is taking Ireland to court for failing to recover taxes from Apple. The executive arm of the EU ordered Ireland last year to recover 13 billion euros ($15.28 billion) back from Apple after it said the U.S. multinational firm benefited from sweetheart tax deals. “Ireland has to recover up to 13 billion […]
Read moreThe high-end tire maker Pirelli saw a difficult comeback to the stock market on Wednesday, but its CEO told CNBC that it’s too early to fully assess the reaction from investors. Speaking to CNBC after Pirelli’s market debut, CEO Marco Tronchetti Provera promised to deliver margin growth of 9 percent until 2020. “I think the […]
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Lithium has investors in a ‘frenzy’ — and soon you’ll be able to trade it too
The future of electric vehicles has led several investors to view lithium as the hot new commodity. Governments and car manufacturers alike have taken steps to electrify fleets and further phase out the combustion engine. In turn, a number of traders now believe lithium to be a high-return investment as demand soars. This is no […]
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Catalonia's leader: 'We will declare independence in a matter of days'
Catalonia’s pro-independence leader has said that the region will declare independence from Spain “in a matter of days.” Speaking to the BBC on Tuesday, the head of Catalonia’s devolved government Carles Puigdemont said his administration would declare independence fromSpain “at the end of this week or the beginning of next.” “We are going to declare […]
Read moreEuropean equities are set to open mixed on Wednesday morning as investors keep a close eye on events in Catalonia, where the leader of the region’s separatist government has said he will declare independence “in a matter of days.” The FTSE 100 is expected to open 7 points lower at 7,459, the German DAX is […]
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New EU tax plan would end money-saving workarounds for companies like Amazon
The European Commission will propose on Wednesday changes to the way sales taxes are levied in the European Union with the aim of tackling fraud and curbing firms’ excessive tax-planning, a move that could hit U.S. online retailer Amazon. The plan is part of a broader EU campaign for fairer corporate taxation following revelations that […]
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