Money managers are flocking to a new spot in the U.K. real estate market. Traditional office spaces are losing their attractiveness to investors, but the appetite for industrials and logistics spaces is on the rise. Industrials and logistics are offering the highest returns “due to the shift from physical stores to online shopping, as retailers […]

If you’ve ever been in the U.S. on St. Patrick’s Day, you know just how much Americans of Irish descent love their heritage. Even if many have never been to the Emerald Isle, they’ll enthusiastically tell you about their Irish ancestors who crossed the Atlantic in the wave of emigration that followed Ireland’s great potato […]

OPEC ministers head to Vienna on Thursday to decide whether to extend output cuts beyond March next year. The prospect, however, of an alliance breakdown between the world’s two largest oil producers threatens to scupper the cartel’s plans. OPEC is expected to extend its deal with Russia and other oil producers to keep 1.8 million […]

Irish Finance Minister Paschal Donohoe told CNBC Monday that the country’s mandate on the issue of the border with Northern Ireland has not changed, despite growing political uncertainty within the government following a no-confidence motion on Friday against Deputy Prime Minister Frances Fitzgerald. His government’s position, which he says all Irish political parties agree on, […]

Britain’s Prince Harry is engaged to his U.S. actress girlfriend Meghan Markle with the marriage due to take place in the spring of 2018, his father Prince Charles announced in a statement on Monday. Harry, 33, currently fifth-in-line to the British throne, and Markle, 36, best known for her role in the U.S. TV legal […]

Tensions between North Korea and its closest neighbor South Korea appear to be ratcheting up again just as a senior Russian official warned of an “apocalyptic scenario” developing on the Korean Peninsula. Russian Deputy Foreign Minister Igor Morgulov said Monday that the world could not ignore the crisis surrounding North Korea and fears over the […]

Retailers in the U.K. are set to make more money this Christmas — but due to higher prices, not because shoppers are buying more items, according to researchers. A study by Global Data also found that brands, mainly fashion-related, need to go the extra mile to convince consumers to spend money. “Non-food retailers will continue […]

Swiss private bank Julius Baer said on Monday that Chief Executive Boris Collardi was resigning with immediate effect to take a post at Pictet Group in Geneva. Zurich-based Baer appointed current Chief Risk Officer Bernhard Hodler as CEO, adding it would engage in an evaluation process to address the long-term leadership of the group. Collardi, […]

Few European countries have experienced the economic rollercoaster that Ireland has in such a short period of time. Considered the poor man of Western Europe for nearly all of the 20th century, Ireland in the 1990s turbocharged itself to become a hub for transatlantic business and multinational investment, garnering the moniker “Celtic Tiger.” The country […]

European stocks were seen lower on Monday morning on the back of weakness in Asian equities, while the euro reached a two-month peak against the dollar amid positive German data and hopes that a political crisis in the country can be resolved. The FTSE 100 is seen down by 12 points at 7,401; the DAX […]