The combination of a high-stakes NATO summit and a one-on-one meeting between President Donald Trump and his Russian counterpart Vladimir Putin could bring about the most dramatic geopolitical sea change since the end of the Cold War, analysts have told CNBC. The U.S. president’s working trip to Europe started with a two-day international gathering of […]
Read moreCurrency, United States Finance
Germany says it 'can cope' with Trump's comments on Russian influence
Germany can take President Donald Trump’s criticisms in its stride, the country’s Defense Minister Ursula von der Leyen told CNBC Wednesday. Trump kicked off this week’s NATO summit with scathing words for Europe’s economic powerhouse, calling it “captive” to Russia over its plans for a $11 billion gas pipeline that would connect the two countries […]
Read moreCurrency, United States Finance
Trump launches tirade at NATO summit: 'Germany is a captive of Russia'
President Donald Trump claimed Germany is “totally controlled” by Russia on Wednesday. Speaking in Brussels, Belgium on the first leg of his European trip, the U.S. president said a slew of “inappropriate” energy deals had given Moscow far too much influence over the continent’s largest economy. This is a breaking news story, please check back […]
Read moreCurrency, United States Finance
Facebook faces UK fine of around $660,000 after data scandal found to be illegal
Facebook will be fined £500,000 ($662,900) in the U.K. after the country’s privacy watchdog said its data sharing scandal broke the law. The Information Commissioner’s Office (ICO) is hitting the social network with the maximum possible fine it can impose, for two breaches of the U.K.’s Data Protection Act. Facebook failed to safeguard people’s information, […]
Read moreCurrency, United States Finance
21st Century Fox increases bid for UK broadcaster Sky in battle with Comcast
Rupert Murdoch’s Twenty-First Century Fox said it had secured a deal to buy Britain’s Sky on Wednesday, ratcheting up the stakes of an ongoing bidding war to acquire the European television group. Fox — which is widely expected to receive regulatory approval from the U.K. this week after initially reaching a deal with Sky in […]
Read moreEuropean shares are poised for a lower open Wednesday morning after U.S. authorities unveiled a new list of Chinese products that could see new tariffs. The FTSE 100 is seen off by 48 points at 7,646; the DAX 40 is set to open off by 95 points at 12,514; and the CAC 40 is expected […]
Read moreCurrency, United States Finance
Soccer success for England creates beer, barbecue and big screen TV boost for UK economy
It’s not always the case that Britain finds itself in the midst of a heatwave and it’s almost as unusual to find the England soccer team in the latter stages of a major tournament. Both have aligned at this summer’s World Cup in Russia and the efforts of Harry Kane and Gareth Southgate have already […]
Read moreCurrency, United States Finance
UK Prime Minister Theresa May receives the backing of her party — for now
The likelihood of a leadership challenge to U.K. Prime Minister Theresa May looks to have faded after the majority of her Conservative Party lawmakers appeared to lend support to her latest Brexit plan. Over the weekend, the U.K. government claimed it had reached unity among senior politicians as it sketched out a three-page deal on […]
Read moreCurrency, United States Finance
Trouble for equity markets will kick-in around 2020, strategist warns
Investors could fall out of love with equities during the next 18 months as the impact of fiscal stimulus in the U.S. fades away, a strategist told CNBC on Tuesday. But with trade tensions and political uncertainty currently “priced in,” there is still room for growth in equity markets, Mike Bell, global market strategist at […]
Read moreCurrency, United States Finance
There's now a real chance the UK won't get a Brexit deal — here's what that means for markets
Investors should start preparing for a scenario in which the U.K. does not reach an agreement with the European Union over Brexit, a political analyst told CNBC Tuesday. The U.K. voted in June 2016 to leave the EU, but the process to leave the bloc has proven long and rich in technical details. No matter […]
Read more