Spanish Economy Minister Roman Escolano is not concerned about the recent sell-off in the Italian bond markets, saying there is little contagion to other European markets like Spain. Lower sovereign bond yields in Spain, compared to a spike in Italy, reflect the “good fundamentals of the Spanish economy,” he said. A rise in yields — […]
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Uber ‘moving in the right direction’ and will hopefully keep London license, exec says
Uber has taken steps to improve its business model and is hopeful it will regain its license to operate in London, the firm’s head of EMEA said Thursday. “London is a very important and strategic market for us, obviously,” Pierre-Dimitri Gore-Coty told CNBC’s Karen Tso. “I think the situation in London is a good example […]
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Cisco CEO Chuck Robbins speaks at VivaTech 2018 amid heightened cybersecurity concerns
[The stream is slated to start at 10.30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Chuck Robbins, the chief executive of Cisco, is speaking with CNBC’s Karen Tso at the Viva Technology conference. Cybersecurity is likely to be high on the agenda after the company […]
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Facebook must comply with European privacy laws in 'real life,' EU's digital policy chief say
The European Union‘s digital policy chief has urged Facebook to stick to its promise and abide by the region’s more stringent data protection rules. In an effort to give consumers greater control over how their personal details are used, Europe is set to impose sweeping changes to data laws on Friday. The introduction of General […]
Read moreProsecutors investigating the downing of Malaysia Airlines Flight 17 over eastern Ukraine in 2014 said on Thursday they had identified the missile used to shoot down the plane as coming from a Russian military unit. The airliner was hit by a Russian-made missile on July 17, 2014, with 298 people on board, two-thirds of them […]
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US Treasurys are the biggest risk to global markets right now, ECB’s vice president warns
A potential correction in financial markets is what keeps the European Central Bank’s vice president awake at night, he said Thursday, discussing the ECB’s recently released bi-annual financial stability report (FSR). “The main risk in the FSR is a correction in financial markets, particularly in the bond market,” Vitor Constancio told CNBC’s Annette Weisbach in […]
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French president lauds Europe as the 'most attractive place' for tech giants
French President Emmanuel Macron said Europe must avoid making the same mistakes as the U.S. and China if the region is to successfully tackle some of the world’s biggest tech giants. Macron is currently spearheading efforts for Europe to adopt tougher regulations on digital companies. On Wednesday, the French leader said that while he was […]
Read moreAdyen, a Dutch company that processes payments for Airbnb, Uber, Spotify and Netflix, plans to list on the Amsterdam stock exchange in June in the midst of a wave of dealmaking in the digital payments industry. Sources close to the matter told Reuters last month that Adyen was eyeing a valuation of 6-9 billion euros […]
Read moreTurkey’s central bank raised interest rates by 300 basis points on Wednesday in an emergency move to put a floor under the plunging lira currency and calm investors unnerved by interventions from President Tayyip Erdogan. The central bank, which had been scheduled to hold its next policy-setting meeting on June 7, said it had increased […]
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Italy's populists' choice of PM is approved as Europe issues a warning over debt
Italy’s head of state has given the country’s populist parties’ choice of prime minister — a law professor called Giuseppe Conte — the mandate to lead the government, amid warnings from Europe for Italy to respect budget rules. Italy’s anti-establishment parties, the 5 Star Movement (M5S) and Lega, proposed Conte as their candidate to lead […]
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