There will likely be a chill in the air at Friday’s G-7 meeting in Quebec following President Donald Trump’s decision to press ahead with tariffs on steel and aluminum imports from the European Union, Mexico and Canada. The two-day summit will see Trump meet with his counterparts from Canada, Japan, the U.K., France, Germany and […]
Read moreEuropean bourses looked set to begin trading negatively on Friday morning as investors worried about world trade ahead of this weekend’s G-7 meeting in Canada. The Italian FTSE MIB was set to fall the furthest at the market open, and was down 144 points at 21,603. Meanwhile, the German DAX was expected to open 93 […]
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Even at a European conference about fintech, one country dominated the conversation: China. This week, hundreds of fintech companies, from startups to tech giants, gathered at the Money 20/20 conference in Amsterdam, Netherlands. One key theme at the gathering was China’s leading role in the fintech industry. “Alibaba and Ant Financial, we are literally the […]
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Ukraine passes crucial vote to unlock financial lifeline, but the IMF has yet to approve it
Ukraine’s parliament on Thursday successfully voted to establish an anti-corruption court, a key requirement of unlocking a $17.5 billion International Monetary Fund (IMF) relief package designed to bolster the country’s struggling economy. But the international lender has yet to greenlight the funds, as it remains to be seen whether the law for the anti-corruption court […]
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Rome’s battle with Europe will show if Italy is too big to fail, strategist says
There’s a standoff emerging between the European Union and the new Italian government, one which will ultimately answer the question whether Italy is too big to fail, a strategist told CNBC Thursday. The new populist cabinet in Rome is set to cut taxes and increase public spending. This decision will challenge European fiscal rules and […]
Read moreBritish stocks failed to open on Thursday, with a spokesperson from exchange operator LSE saying that the opening auction had been delayed. Trading in the FTSE 100, mid caps and small caps was delayed. The London Stock Exchange will update the market as soon as possible, its spokesperson added. Source: cnbc Britain's FTSE fails to […]
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Fear of World War III should stop global disputes with Russia, Putin says
A fear of mutual destruction should stop global powers from attacking each other and prompting World War III, Russian President Vladimir Putin said Thursday during a public phone-in. “The realization that a third world war could be the end of civilization, that should restrain us from dangerous steps globally,” Putin said during his annual question […]
Read moreEuropean markets are set to open in the green on Thursday, boosted by a rally in U.S. stocks on Wednesday and as new governments get to work in Italy and Spain. Italy’s FTSE MIB leads the gains, seen 153 points higher at 21,949. The German DAX is anticipated to open 60 points higher at 12,897. […]
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Cambridge Analytica did receive data from researcher in Facebook storm, ex-chief says
Cambridge Analytica’s former chief denied deliberately misleading British lawmakers, even as he admitted that his firm did receive data from the researcher at the center of a scandal over Facebook data, contradicting his previous testimony. Cambridge Analytica has said its work on Donald Trump’s presidential campaign did not use data at the center of the […]
Read moreThe volume of black smoke billowing from a fire at London’s Mandarin Oriental has gone down significantly after about an hour. Earlier, video footage showed smoke billowing from the roof of the hotel in London’s ritzy Knightsbridge area. The fire brigade says it was called just before 4 p.m. (1500 GMT) to the 12-story hotel. […]
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