Markets in Europe are poised to start Tuesday’s trade on a higher note as investors focus on upcoming corporate earnings and put trade and political tensions aside. The FTSE 100 is seen up by 10 points at 7,701; the DAX is seen higher by 40 points at 12,594; and the CAC 40 is set to […]
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NATO, the Queen, Putin and some golf – Trump has a busy week coming up
President Donald Trump will travel to Europe this week for a series of meetings that will see him wine and dine — and discuss the world’s most pressing issues — with heads of state, government and business. Trump will face fellow leaders on Wednesday and Thursday at the NATO summit in Brussels, where defense spending […]
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England may win the World Cup, but its economy won’t be lifting any trophies
What have Brexit and the brilliant England run in the soccer World Cup actually got in common? To judge from the thousands of column inches from political and economic pundits desperate to find a link you’d actually think quite a lot. Of course, economic and political writers are always keen to overstretch the connections so […]
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UK Prime Minister May faces fight for leadership in crucial Brexit showdown
The resignation of U.K. Foreign Secretary Boris Johnson on Monday afternoon has led to suggestions that the British government is on the brink of collapse. Johnson stepped down after Prime Minister Theresa May outlined her government’s desire for a softer version of Brexit. He is the second cabinet minister to resign within 24 hours after […]
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Mastercard is in talks with UK banks about launching cards with fingerprint scanners
Mastercard is holding talks with banks in the U.K. about bringing biometric payment cards to market. The credit card firm has been testing cards with in-built fingerprint scanners, which are used to verify customers’ identities. This is intended to replace the use of passwords and speed-up the process of making payments online and contactless transactions […]
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China is on a charm offensive in Europe after Trump's tariffs on Beijing
China is looking to the European Union as its new best friend amid trade frictions with the United States. Prime Minister Li Keqiang met eastern and central European leaders in Sofia, Bulgaria, on Saturday, and vowed to open up China’s economy to the wider world. Keqiang is also meeting German Chancellor Angela Merkel on Monday […]
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The UK’s Brexit secretary just walked away from the job. Here’s what that means
The resignation of a key driver of the U.K.’s Brexit process is a blow for British Prime Minister Theresa May, but analysts believe she can survive the departure. Brexit Secretary David Davis resigned Sunday evening, objecting to May’s withdrawal plan that seeks to maintain close economic ties with the European Union (EU), rather than a […]
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SocGen chairman calls on regulators to help strengthen Europe’s banks
The chairman of Societe Generale said Europe‘s banking space should follow in the footsteps of the U.S.’s, calling on regulators to facilitate more consolidation in the region. Speaking to CNBC over the weekend, Lorenzo Bini Smaghi said that European banks need to become more concentrated, so they can compete with American lenders. “In general if […]
Read moreEuropean equities are expected to start the trading day higher as investors monitor developments on trade and react to news that the U.K.’s chief Brexit negotiator has resigned from his post. The FTSE 100 is seen up by 48 points at 7,653; the DAX is set to open higher by 64 points at 12,552; and […]
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While China slaps tariffs on the US, it's also championing free trade in Africa
Despite China’s rocky trade relationship with the U.S. dominating headlines, it has also just seen the opening of a strategic free trade zone it has built in East Africa. Djibouti, a tiny state located on the Horn of Africa, on Thursday opened the first phase of its Chinese-built International Free Trade Zone. The project, scheduled […]
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