The Irish government was on the verge of collapse on Thursday after the party whose votes Prime Minister Leo Varadkar depends on to pass legislation said it would move to remove the deputy prime minister in a breach of their cooperation agreement. The crisis comes weeks ahead of a European Union summit in which the […]

Investors should be prepared for relatively muted returns on major equities in 2018, according to strategists at investment bank Societe Generale. Robust earnings, subdued inflation, synchronized global growth and central banks looking to tighten monetary policy have all underpinned equities in 2017. However, the next calendar year does not likely to follow the same pattern, […]

Euro zone business growth is roaring as the year draws to a close, a survey showed on Thursday, supporting the European Central Bank’s move last month to announce a throttling back of its monetary stimulus. Surveys covering both the services and manufacturing industries outshone even the most optimistic forecasters in Reuters polls – indicating growth […]

People who drink three or four cups of coffee every day could significantly reduce the chances of early death, a new study suggests. A review of more than 200 studies found coffee consumption was “more often associated with benefit than harm,” adding even people who drank as many as seven cups of coffee were likely […]

German engineering and steel group Thyssenkrupp posted its highest order intake in five years on Thursday, boosted by record demand for its elevators and components for the car and construction sectors. Order intake rose 18 percent to 44.29 billion euros ($52.34 billion) in the group’s 2016/17 financial year. Adjusted earnings before interest and tax (EBIT) […]

Britain slashed its official projections for economic growth Wednesday and anticipates it will need to borrow sharply over the coming years. Finance Minister Philip Hammond delivered the U.K. government’s official Autumn Budget at a time when the ruling Conservative party is facing challenging political and economic circumstances. The non-partisan Office for Budget Responsibility (OBR) forecast […]

Apple supplier Foxconn has been illegally employing students to work overtime in order to assemble the iPhone X, the Financial Times reported Tuesday. Six high school students told the Financial Times they would usually work 11-hour shifts to help assemble Apple’s flagship phone at a factory in Zhengzhou, China. The long working hours breach domestic […]

The ongoing political turmoil in Germany could actually benefit Chancellor Angela Merkel, a political analyst told CNBC Tuesday. There have been reports that the current political impasse in Germany is affecting the popularity of the German leader, but according to Peter Matuschek, chief political analyst at polling company Forsa, “it’s quite the opposite.” “If we […]

Iranian President Hassan Rouhani declared the end of the so-called Islamic State militant group Tuesday. Rouhani said he wished to thank all the “warriors of Islam” for helping to “put an end to a group that did not bring anything for us but evil, misery, destruction, murder and savagery.” “The bulk of the work was […]

A member of the German liberal party blamed the country’s Socialist Party for the recent collapse in coalition talks to form a new government, despite the latter not being involved in the negotiations. “Keep in mind, why are we in this situation, why did we need four-party exploratory talks. It was because the second-largest party, […]