Finnish mobile games and animation studio Rovio Entertainment Ltd is considering to list its shares in Helsinki, bourse operator Nasdaq said on Tuesday. Nasdaq did not give further details, but said Rovio was due to hold a press conference later on Tuesday. Following years of falling earnings, job cuts and restructuring, Rovio returned to profit […]
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European markets set to open marginally higher despite lingering Korea tensions
European markets were set to open slightly higher on Tuesday morning, as geopolitical tension concerning North Korea kept investors at bay while markets lacked overnight guidance due to a Labor Day holiday in North America. The FTSE 100 is seen 6 points higher at 7,416; the DAX is expected to open up by around 15 […]
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Uber rival Taxify expands into Western Europe pledging cheaper fares and higher pay
Ride-sharing challenger company Taxify is expanding into Western Europe in a bid to unseat Uber and bring greater competition to the market. Taxify will launch in London at 10:00 a.m. local time on Tuesday, September 5, and will offer fares at a 50 percent discount for the rest of the month as it aims to […]
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Alibaba launches ‘smile to pay’ facial recognition system at KFC in China
Redefining the term “happy meal”, fast food fanatics in China now just need to flash their smiles to earn their dinner. Alibaba‘s Ant Financial has teamed up with KFC in the eastern Chinese city of Hangzhou to debut its news “smile to pay” service. The service allows customers to process their payment simply by smiling […]
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Hillary Clinton endorsed a new media platform — and then it suffered a cyberattack
Hillary Clinton endorsed a new political media platform on Sunday, shortly before an alleged cyberattack forced the website offline. Clinton surprised many of her followers over the weekend when she announced her personal support for a new and relatively unknown website called Verrit. Tweet 1 Described as a “media platform for the 65.8 million” voters […]
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Bank of England gets a new member as traders eye an eventual rate hike
David Ramsden joined the Bank of England (BOE) Monday as deputy governor for markets, with analysts expecting the economist to stick to a dovish line for the bank and not opt for immediate rate hikes. He will also be a member of the BOE’s Monetary Policy Committee (MPC), the Financial Policy Committee, the Prudential Regulation […]
Read moreThe Russian Central Bank said on Monday it had launched a new mechanism for providing struggling banks with extra rouble liquidity. Russia’s Otkritie Bank was the first lender to benefit from the new scheme after the central bank stepped in last week to rescue it following a sustained run on its deposits amid worries about […]
Read moreBritain’s Prince William and his wife Kate are expecting a third child, their office said on Monday. “The Duke and Duchess of Cambridge are very pleased to announce that The Duchess of Cambridge is expecting their third child,” Kensington Palace said in a statement. Source: cnbc UK's Prince William and wife Kate expecting third child
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‘There’s no blackmail. There is no blackmail’: French minister defends treatment of UK
France’s economy minister has dismissed suggestions that the U.K. is being “blackmailed” into agreeing a fee for its split from the EU before formal trade talks can begin. “There’s no blackmail. There is no blackmail,” Bruno Le Maire told CNBC on the sidelines of the Ambrosetti Forum in Italy over the weekend. “You cannot rewrite […]
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Trump dominates German election debate as Merkel faces down her main rival
Chancellor Angela Merkel fended off competition from rival Martin Schulz Sunday night as the two leading candidates went head-to-head in their only televised debate ahead of this month’s German election. The incumbent emerged in the lead following a 97-minute duel, which focused on the European migrant crisis, Turkey’s accession to the EU, and the handling […]
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