The European Central Bank (ECB) held interest rates and asset purchases steady on Thursday, amid speculation that the bank will start to scale back its ultra-loose monetary policy in the fall. The central bank said that economic conditions remained positive but attempted to calm markets by striking a somewhat dovish tone and insisting that it […]
Read moreMore than 150,000 ether tokens, a digital currency similar to bitcoin, worth around $30 million were stolen by cybercriminals on Wednesday. Around 153,000 tokens were taken by hackers, according to data from Etherscan. 44,055 tokens were stolen from commerce platform Swarm City. The theft was noticed at 12:30 p.m. ET on Wednesday, according to Swarm […]
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Trump made the same mistake as Obama on health care, former Reagan aide says
President Donald Trump and former leader Barack Obama both made the same mistake in relying on the U.S. Congress and Senate to push through health-care legislation, a former assistant for the U.S. secretary of commerce has told CNBC. “He just left it to the House and Senate. President Trump has made a similar mistake with […]
Read moreThe Greek government is widely expected to return to the bond market soon although Athens isn’t saying much as it reportedly appoints banks to manage the fund raising. “We are not commenting on how and when we might tap markets again,” a spokesperson for the Greek government told CNBC on Thursday, adding that it is […]
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Macron needs to move fast to reform France and keep credibility, says top EU commissioner
France’s brand new President Emmanuel Macron needs to move quickly to change the country, according to a top-ranking member of the European Commission. The advice, from Jyrki Katainen the vice president for jobs, growth, investment and competitiveness, comes as Macron suffered his first setback this week since taking office. “As former prime minister of Finland […]
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China is clamping down on foreign firms’ internet use and there’s a worry it might jeopardize trade secrets
China is tightening control over foreign companies’ internet use in a move some worry might disrupt their operations or jeopardize trade secrets as part of a crackdown on technology that allows web surfers to evade Beijing’s online censorship. In a letter to corporate customers seen by The Associated Press, the biggest Chinese internet service provider […]
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UK will be at the back of the queue for a trade deal, warns top EU commissioner
Brexit talks are a “very difficult process” but they need to move fast to give enough time for officials to negotiate a trade deal, the vice president of the European Commission has told CNBC. In an exclusive interview, Jyrki Katainen noted that the EU is having trade talks with 21 different jurisdictions and the U.K. […]
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Trump's former campaign chief Manafort reportedly owed millions to pro-Russia interests
Former Trump campaign chairman Paul Manafort owed as much as $17 million to pro-Russian interests before he joined the president’s election campaign, the New York Times reported on Wednesday. The funds were owed by shell companies linked to Manafort’s business ventures in Ukraine, where he worked for the Party of Regions, a Ukrainian political faction, […]
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Terminally ill British baby Charlie Gard granted US 'legal permanent residency'
The ongoing battle for treatment for Charlie Gard has taken a new turn, with a U.S. amendment being passed Tuesday granting the terminally ill British baby “legal permanent residency,” in the U.S. TWEET Gillian Christensen, press secretary for the United States Citizenship and Immigration Services, told CNBC via e-mail that: “We are aware of the […]
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French military chief quits, first major sign of dissent under Macron's young presidency
France’s head of the armed forces resigned Wednesday citing cuts to the military’s budget under new President Emmanuel Macron. The move is the culmination of a public spat between the two men. In his resignation statement, translated by Reuters, General Pierre de Villiers said that: “In the current circumstances I see myself as no longer […]
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