Sterling soared higher on Monday afternoon amid optimism that Brexit talks will break the current deadlock and move onto topics like a future trade deal between the two sides. At around midday, the pound hit a day’s high of 1.3523 against the dollar after news emerged that Westminster will concede on EU trade rules for […]
Read moreMaltese police have arrested eight suspects in the murder of anti-corruption blogger Daphne Caruana Galizia, Prime Minister Joseph Muscat said on Monday, almost two months after she was killed when her car was blown up. All of the suspects are Maltese nationals and most have a criminal record, the prime minister said, without providing any […]
Read moreCurrency, United States Finance
Monetary policy must address 'frothy' financial markets, warns central bank body
Investors should be more concerned about an overheating financial market at a time when consumer debts are rising to unsustainable levels, according to the global body for central banks. In its quarterly financial review, the Bank for International Settlements (BIS) said investors were choosing to bask in the “light and warmth” of improving global growth, […]
Read moreCurrency, United States Finance
Germany’s nationalist AfD party lurches further to the right amid protests
Germany’s anti-euro, anti-immigration Alternative for Germany (AfD) party appeared to take a lurch further to the right at the weekend, with party members electing a hardline nationalist as co-leader of the party and eschewing more moderate candidates. During the AfD’s first party congress since German elections in September — which saw the party gain enough […]
Read moreStrong and stable leadership is difficult to come by these days across Europe. The countries that have traditionally been the bastion of reliable leadership – Germany and the U.K. — are leaving citizens feeling disappointed – and more worryingly, it is having spillover effects into matters outside of domestic politics. Brexit and U.K. leader Theresa […]
Read moreCurrency, United States Finance
Europe seen higher as Brexit, US tax plan dominates talk; DAX, Dow set to open up triple digits
European markets are expected to start off the first trading day of the week sharply higher, as investors digest news that the U.S. Senate narrowly passed a major tax bill over the weekend. On the bourses front, the U.K.’s FTSE 100 is expected to open 59 points higher at 7,359, while the German DAX is […]
Read moreGreece and its euro zone creditors reached a preliminary deal on Saturday on reforms Athens needs to roll out under its bailout program, a move that could pave the way for the country to leave the aid plan in August. The agreement on a range of often politically sensitive measures – covering fiscal issues, energy […]
Read moreMembers of the anti-immigrant Alternative for Germany (AfD) party elected a right-wing nationalist to be their co-leader on Saturday, signalling a possible toughening of tone before regional votes next year. A party congress chose Alexander Gauland – who once defended an AfD member who had said history should be rewritten to focus on German victims […]
Read moreCurrency, United States Finance
Nobel winner Joseph Stiglitz says UK trade talks with Trump ‘a waste of time’
The Nobel Prize-winning economist Joseph Stiglitz has said it would be a “waste of time” for the U.K. to negotiate a trade deal with U.S. President Donald Trump. Stiglitz said in an interview with the BBC that the U.K. could not put faith in a deal with Trump. “No, I think it would be a […]
Read moreCurrency, United States Finance
Technology jobs in Europe: A would-be tech city is working hard to attract talent
Dublin’s Grand Canal Dock, often referred to as “Silicon Dock,” has certainly pushed up the area’s property value. A 10-minute walk along the River Liffey will take you past the swanky headquarters of Google, Facebook, LinkedIn and more — nearly every major multinational name in tech you can think of. These companies have created thousands […]
Read more