Ukraine has mired itself in political drama ahead of a crucial vote, the result of which will determine Kiev’s access to a financial lifeline. Lawmakers in the Rada, Ukraine’s parliament, will vote Thursday on the creation of an anti-corruption court, a key condition of unlocking the country’s $17.5 billion International Monetary Fund (IMF) bailout that’s […]

Microsoft has deployed a submarine-like data center into the waters off the coast of Orkney, a group of islands located off Scotland. The tech giant said Wednesday that it had sunk the 40-foot-long vessel from the European Marine Energy Center (EMEC), a research base focused on wave and tidal power. The aim is to improve […]

The U.S. could be hit by new EU duties as early as July as the region responds to President Donald Trump’s decision to impose metal tariffs on Europe. The European Commission — which is responsible for trade negotiations on behalf of the EU’s 28 member states — said Wednesday that it is working on new […]

Deciding to merge large companies can be disruptive and will likely cause problems for at least one of the firms involved, the chief financial officer of Zurich Insurance told CNBC Wednesday. Recent reports have suggested that German firm Allianz could be interested in merging with its peer Zurich. Allianz Chief Oliver Baete told the Financial […]

Central bankers gathered in Berlin Wednesday confirmed the European Central Bank (ECB) is set to finally discuss the end of its massive bond-buying program — something that its President Mario Draghi has so far refused to do. Speaking at a conference, the ECB’s Chief Economist Peter Praet said the bank will discuss next week how […]

International Paper confirmed on Tuesday that it will not make an offer for Irish packaging company Smurfit Kappa, because of lack of engagement from Smurfit’s management. “IP believes the revised proposal was highly attractive and formed a sound basis for engagement, which the company viewed as essential to determining the full value potential of the […]

Russian President Vladimir Putin praised his counterpart in the U.S., saying that a decision by President Donald Trump to set up a meeting with North Korea is “brave and mature.” Putin said he is expecting a “positive outcome” from the meeting between Trump and North Korean leader Kim Jong Un, due to take place in […]

Man-made threats including market crashes, cybercrime and interstate conflicts are a bigger threat to economic output than natural disasters, according to a new survey from insurer Lloyd’s. These risks have an estimated annual impact of $320 billion of global gross domestic product (GDP) for the 279 cities in the survey. The insurance giant said they […]

Guatemalan authorities warned that the Fuego volcano was showing signs of greater activity on Tuesday night as the death toll from a devastating eruption at the weekend climbed to 75 and nearly 200 people remained missing. The seismological, volcanic and meteorological institute Insivumeh heightened its warnings after the volcano erupted again earlier on Tuesday, forcing […]

French President Emmanuel Macron said on Tuesday his phone calls with U.S. President Donald Trump and other world leaders were just like sausages: better not explain what’s inside. During a news conference with Israeli Prime Minister Benjamin Netanyahu, Macron was asked about a CNN report on Monday saying that a phone call between the French […]