Turkey announced a new school curriculum on Tuesday that excluded Charles Darwin’s theory ofevolution, feeding opposition fears President Tayyip Erdogan is subverting the republic’s secular foundations. The chairman of a teachers’ union described the changes as a huge step in the wrong direction for Turkey’s schools and an attempt to avoid raising “generations who ask […]
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Crash in bond markets, Fed mistake are investors’ biggest fears right now, survey finds
Investors are more comfortable holding on to cash than investing in traditional assets as they consider a crash in global bond markets and a policy mistake by central banks to be the biggest tail risks to the market, according to a survey. The Bank of America Merrill Lynch July Fund Manager Survey that polled 207 […]
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US shale pumping means oil is stuck at $50 for the next two years, wealth manager says
Oil prices are likely to be stuck within a range of $40 to $60 for the next year or more, according to the latest investment forecast from U.K.-based wealth manager Coutts. In its mid-year investment outlook, published Wednesday, the private bank – which is reported to have the U.K. queen as one of its clients […]
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Ex-'Top Gear' host Chris Evans tops BBC's best paid list with salary of $2.9 million
Stuart C. Wilson | Getty Images Claudia Winkleman arrives for the GQ 25th Anniversary Exhibition at Phillips De Pury on November 12, 2013 in London, England. Of the 96 top people listed, only 34 are women while the remaining 62 were men. Just one, Claudia Winkleman, who presents entertainment shows including Saturday night’s “Strictly Come […]
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ECB to hold steady this week as traders eye a September ‘taper’ of its bond-buying program
The European Central Bank (ECB) is widely expected to hold interest rates steady on Thursday with many market watchers expecting the bank to announce in September plans to reduce its bond-buying program. ECB President Mario Draghi’s speech in Sintra was interpreted by many economists as a sign that the central bank was more optimistic about […]
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Bitcoin soars as miners finally move to solve the digital currency’s scaling problem
Bitcoin miners are signalling their intent to support a new upgrade for the bitcoin blockchain that may solve the digital currency’s long-running scaling issue. Several of the largest bitcoin miners (who create new bitcoins and support the blockchain), including AntPool, BitClub, Bixin, BTC.com and BitFury, have started showing their support for bitcoin improvement proposal (BIP) […]
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UK PM May urges government to show ‘strength and unity’ after leaks suggest divides over Brexit
U.K. Prime Minister Theresa May has told ministers to show “strength and unity”, and to keep details of their discussions private, after reports over the weekend suggested divides over Brexit. One of those reports involved an unnamed minister allegedly accusing U.K. finance minister Philip Hammond of trying to “f— up” the country’s departure from the […]
Read moreAirbus says it has successfully tested a new type of jet propelled aircraft that could speed the development of unmanned flight. The European aerospace firm said the unmanned, jet-propelled craft flew by itself for around seven minutes over a test site in Overberg, South Africa. “We are increasingly shifting our focus towards these kinds of […]
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UK inflation surprises with June slowdown, easing pressure on Bank of England
British inflation unexpectedly slowed for the first time since October last month, adding to the likelihood that the Bank of England will keep interest rates at a record low in August. Consumer prices rose by 2.6 percent compared with a year earlier, the Office for National Statistics said on Tuesday, down from a nearly four-year […]
Read moreRussia has threatened to take retaliatory measures against the United States after diplomatic talks collapsed over the seizure of two mansions. U.S. and Russian officials met on Monday to reach an agreement over sanctions imposed by the Obama administration over alleged Russian hacking in the 2016 presidential campaign. However, the Russian foreign ministry said Tuesday […]
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