The pound rose on Tuesday after British Prime Minister Theresa May saw off a rebellion in parliament over amendments to a bill for the country’s exit from the EU next year that had threatened to undermine her authority. May had faced a showdown with lawmakers who wanted the power to force her government to go […]

An 18th century Chinese vase found in a shoebox in an attic in France sold for 16.2 million euros ($19 million) at auction in Paris on Tuesday. The price was more than 20 times the estimate of 500,000 euros to 700,000 euros auctioneers Sotheby’s had put on the item. It was the highest price reached […]

It is almost exactly two years since British citizens voted in a referendum on membership of the European Union. The relatively narrow vote in favor of Brexit stunned Britain’s political class, and that shock remains well represented in the current parliament, where a majority of today’s sitting lawmakers voted against a departure from the world’s […]

Job hiring confidence in the United Kingdom’s crucial financial services sector has sunk into negative territory for the first time since the wake of the 2008 financial crisis, according to a survey compiled by the recruitment firm ManpowerGroup. Manpower’s survey of hiring intentions for the 2018 third quarter described a Net Employment Outlook of -1 […]

Basking in the afterglow of his apparently constructive meeting with North Korean leader Kim Jong Un, President Donald Trump said that he’d soon like a “real deal” with the U.S.’ other long-time enemy Iran. Speaking to reporters following a historic meeting with Kim, at which the regime’s leader signed an agreement that appeared to commit […]

European shares are set for a higher open Tuesday after U.S. President Donald signed a deal with the North Korean leader, with the latter claiming there will be a major change in the world. The FTSE 100 is seen up by 5 points at 7,751; the DAX is set to open up by 49 points […]

“We never pre-commit.” This was the rule broken last week by the European Central Bank’s Chief Economist Peter Praet, one of the more dovish members of the bank’s Governing Council, as he openly said it would start to discuss the gradual exit from of its quantitative easing (QE) program this week at its meeting in […]

Germany‘s Transport Ministry on Monday said 774,000 Mercedes-Benz vehicles were found to contain unauthorized software defeat devices in Europe and ordered Daimler to recall 238,000 cars in Germany. “The government will order 238,000 Daimler vehicles to be immediately recalled Germany-wide because of unauthorised defeat devices,” Germany’s Transport Ministry said in a statement.Germany can only order […]

Four years is a long time in soccer, but players, fans and nations have long memories. Brazil was last seen at a World Cup being well beaten by the Netherlands in the third-place playoff, which followed a humiliating 7-1 demolition from Germany in the semi-final. However, one study by Goldman Sachs sees retribution in Russia […]

Saudi Arabia, Abu Dhabi and Kuwait have pledged a $2.5 billion injection into Jordan’s central bank in an effort to stabilize the country, which is facing its largest protests in years and has already seen the removal of its former prime minister, Hani Mulki. The Gulf allies are delivering the five-year aid package in the […]