As the second half of the year approaches, investors are looking at what might impact their investments. From trade issues to political uncertainty and central bank policy, there are a number of factors to assess. Nonetheless, the consensus view suggests that a growth re-acceleration is underway, with profits to be made in the equity market. […]
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Martin Sorrell's reign over the ad industry 'has not been that glorious'
Former WPP CEO Martin Sorrell should have done more to promote creative inspiration during his reign over the advertising industry, a top executive told CNBC Monday. Speaking on the sidelines of Cannes Lion festival, Ami Hasan, chairman at Art Directors Club of Europe (ADCE), told CNBC that Sorrell and other global leaders of the advertising […]
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Immigration fight has handed Germany’s Merkel her ‘worst crisis’ in more than a decade
Chancellor Angela Merkel is at a defining point in her fourth term as German leader amid opposition from her political allies over migration. Her sister party, the Christian Social Union (CSU) from the Bavarian region, is against Merkel’s stance on migration. The allied party wants German police to prevent refugees, who are already registered as […]
Read moreMid-sized British bank CYBG said on Monday it had clinched a deal to take over rival Virgin Money after over a month of talks, in a deal valuing the lender at around 1.7 billion pounds ($2.26 billion). The deal will create Britain’s sixth biggest bank by assets. It is on the same terms as an […]
Read moreEuropean markets are set to open lower Monday after President Trump announced new tariffs against China. The FTSE 100 is seen off by 3 points at 7,642; the DAX is expected to start lower by 28 points at 12,996 and the CAC 40 is seen down by 18 points at 5,494; according to IG. Market […]
Read moreGreek Prime Minister Alexis Tsipras survived a no-confidence motion in parliament on Saturday, setting the stage for the signing of a historic accord with neighboring Macedonia to settle a long dispute over the latter’s name. The motion brought by the opposition New Democracy party was rejected by 153 MPs, with 127 in favor. Political opponents […]
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UK national health service to get $26.5 billion boost post-Brexit, PM Theresa May says
British Prime Minister Theresa May pledged on Sunday to increase funding for the National Health Service (NHS) by 20 billion pounds ($26.5 billion) after Brexit, partly from tax hikes and partly from money that will no longer be going to the European Union. The announcement of more cash for the country’s healthcare system, a regular […]
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Merkel’s position as German leader is under threat over an immigration split
A split over immigration between Angela Merkel’s Christian Democratic Union (CDU) and its sister Christian Social Union (CSU) party is threatening to end her 12-year spell as Germany’s leader. Germany’s grand coalition government was formed in March after five months of political deadlock since an election the previous September. It resulted in Merkel’s fourth term […]
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Molotov cocktails and state-led violence: How Nicaragua is slipping into Venezuela-crisis territory
For nearly two months now, Nicaragua has been coming apart at the seams. The Central American nation of 6 million has been rocked by popular protests and state-level violence since mid-April, and on Thursday night completed 24 hours of a nationwide worker strike in an attempt to push out longtime leader Daniel Ortega and his […]
Read moreThe voice of renowned physicist Stephen Hawking, who died in March, is to be beamed into space Friday, following a memorial service held at Westminster Abbey in London. The European Space Agency (ESA) said the words will be transmitted toward the nearest known black hole to Earth, 1A 0620-00, from an antenna in Spain. Greek […]
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