The British government’s “refusal” to discuss and outline the U.K.’s post-Brexit relationship with the European Union is alarming, analysts and policymakers told CNBC on Monday. With the final phase of negotiations set to receive the green light Monday afternoon, Prime Minister Theresa May’s government appears lacking in unity and without a detailed plan, they said. […]

Apple has notified suppliers that it will halve its iPhone X production target for the first quarter to around 20 million units, Nikkei reported on Monday without citing a source. The cut was prompted by slower-than-expected sales in the holiday shopping season in Europe, the United States, and China, Nikkei reported. The report added that […]

French drugmaker Sanofi has agreed to buy Belgian biotech company Ablynx for 3.9 billion euros ($4.8 billion), beating Novo Nordisk and marking its second big deal this month after buying Bioverativ. The deal is a further sign of accelerating mergers and acquisition (M&A) activity in the global biotech sector and comes after Ablynx rejected a […]

That moment when you’re on vacation and go down to the hotel pool to find towels placed on every sunbed could soon become a thing of the past with a the launch of a pre-booking scheme for sun loungers. British travel giant Thomas Cook announced Monday that it was launching a service that allows customers […]

Facebook is overseeing a transparency drive ahead of the introduction of stringent data protection rules in the European Union (EU). As global tech behemoths scramble to prepare for the impact of looming EU data privacy regulations, Facebook announced Sunday that it had published its so-called privacy principles for the first time. The privacy controls detail […]

Traditional correlations in global financial markets have become so broken that this fragmentation has become a new normal for investors, a strategist told CNBC Monday. This year has seen bond yields creep higher once more on expectations of higher interest rates and a pickup in inflation. But equity markets have also risen, meaning that the […]

Saudi Arabian billionaire businessman Prince Alwaleed bin Talal has been freed after a high-profile detention during a crackdown on corruption, describing his arrest as a “misunderstanding.” Speaking to Reuters just ahead of his release Saturday, Alwaleed said that there were no charges against him following his arrest as part of a nationwide crackdown on corruption […]

Many German political observers estimate that, under the best circumstances, their country is unlikely to have a new three-party coalition government before Easter — April 1. They realize that this might be an optimistic forecast given the fundamental differences separating those who want a status quo stability (two right-wing parties) and a radical change of […]

European markets are set to open higher on Monday morning, with investor sentiment expected to be buoyed by a market rally in Asia. The FTSE 100 is expected to start 16 points higher at 7,681, while the DAX is seen up 48 points at 13,382 and the CAC 40 is set to open 18 points […]

Russian opposition leader Alexei Navalny was released from police custody late on Sunday after a brief appearance at a rally in Moscow calling for the boycott of a March presidential election that he said would be a rigged. Navalny’s lawyer, Olga Mikhailova, told Reuters that her client had been released without charge but would have […]