Prince Philip, the 96-year-old husband of Britain’s Queen Elizabeth, will make his final solo appearance at an official engagement on Wednesday before he retires from active public life. Philip will attend a parade of Royal Marines at Buckingham Palace after more than 22,000 solo appearances over the last 65 years. He is the Captain General […]
Read moreCurrency, United States Finance
NASA is looking for someone to protect Earth from aliens – and the job pays a six-figure salary
Ever fancied yourself as a bit of a hero? How about the protector of mankind? Well now NASA is looking for just that – and it’ll pay a six-figure salary for the honor. The U.S. space agency is currently in search not of life on other planets but of a “Planetary Protection Officer”, who can […]
Read moreGlobal miner Rio Tinto on Wednesday reported its first-half profit more than doubled from a year earlier following a rebound in iron ore prices and announced an additional $1 billion share buyback. Underlying earnings for the six months to June 30 rose to $3.94 billion from $1.56 billion a year earlier, missing Thomson Reuters analysts’ […]
Read moreCommerzbank swung to a net loss in the second quarter amid weak markets and after booking job-related restructuring charges of about 807 million euros. The 637 million euro net loss at Germany’s second-largest lender after Deutsche Bank was greater than analysts’ expectations for a loss of 584 million euros, according to a Reuters poll of […]
Read moreContinued pain at Societe Generale‘s domestic retail division and a decline in the profitability of its global banking arm during the second quarter was partially mitigated by strong growth in the French lender’s overseas retail banking operations. Here are the highlights from the earnings release: Net income down to 1.06 billion euros ($1.25 billion), slumping […]
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Brexit backers think leaving EU worth 'significant damage' to economy, poll finds
Voters who supported the United Kingdom‘s exit from the European Union seem adamant that they made the right decision last year. A recent YouGov poll found that 61 percent of people who voted to leave the EU said Brexit would be worth “significant damage to the British economy.” The poll comes as Prime Minister Theresa […]
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Currency, United States Finance
Here are the cities competing to take EU agencies away from London post-Brexit
Brexit is happening and with it Europe needs to decide where to relocate the two European agencies currently based in the United Kingdom. Eight cities have applied to become the next host of the European Banking Authority (EBA) – an organization with 159 employees that assesses risks and vulnerabilities in the banking sector. Another 19 […]
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Euro logs best run in five years and traders predict there's more to come
The euro is trading at levels not seen since January 2015 and has posted its best run in five years as dollar weakens and the euro zone economy starts to gradually improve. On Tuesday, the euro hit a two-and-a-half year high against the dollar, trading just above $1.18 as investors look to move away from […]
Read moreThe U.K. could lose up to half of its investment banking jobs over the next few years if the government continues to pursue a hard-line exit from the EU, a new report has warned. As many as 40,000 sales and trading and investment banking roles could move from the City of London to other European […]
Read moreWorkers at the Bank of England (BOE) walked out on strike on Tuesday for the first time in five decades, over a pay dispute. Employees working in the central bank’s maintenance and security departments, will continue the industrial action over the next three days. Staff employed in the bank’s “parlors” – ground floor offices where […]
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