European Central Bank President Mario Draghi will not deliver a new policy message at the U.S. Federal Reserve’s Jackson Hole conference, two sources familiar with the situation said, tempering expectations for the bank to start charting the course out of stimulus. An ECB spokesman said that Draghi will focus on the theme of the symposium, […]
Read moreThe debate over the rise of online video streaming is usually framed as a battle between new streaming platforms and traditional television services, but one serial tech entrepreneur begs to differ. “We believe our number-one competitor is not linear TV. We believe our number-one competitor is digital and physical piracy,” iFlix Co-founder and Chairman Patrick […]
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Uber investor Shervin Pishevar claims Benchmark wants to remove Arianna Huffington from the board
Early Uber investor Shervin Pishevar sent Benchmark Capital another letter asking the firm to step away from the company’s board of directors. In the letter, which Recode obtained, Pishevar claims that Benchmark is working with another major investor — Lowercase Capital — in its effort to remove former CEO Travis Kalanick from the board. Pishevar […]
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First far-right party set to enter German parliament since 1945 claims Merkel’s days are numbered
Angela Merkel may be poised to enter her fourth term as German Chancellor, but the chances of her serving the full four years are becoming increasingly slim, according to her far-right challengers the AfD. The incumbent leader and her Christian Democratic Union (CDU) party are expected to enjoy an easy slide to victory when Germany […]
Read moreChina’s economy is looking good enough that the International Monetary Fund is raising its outlook, but the organization is doing so with a strong warning over growing debt in the world’s second-largest economy. The IMF issued its annual review of China on Tuesday, and has revised its growth forecast to 6.7 percent for 2017, which […]
Read moreIndian and Chinese soldiers were involved in an altercation in the western Himalayas on Tuesday, Indian sources said, further raising tensions between the two countries, which are already locked in a two-month standoff in another part of the disputed border. A source in New Delhi, who had been briefed on the military situation on the […]
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Britain is now seeking a Brexit without borders for Northern Ireland
There should be no border posts between Ireland and the British province of Northern Ireland after Brexit, Britain said in an early attempt to resolve one of the most complex aspects of its European Union exit. Some 30,000 people cross the 500 kilometre border every day without customs or immigration checks, testing negotiators who have […]
Read moreThe dollar climbed overnight on the release of better than expected U.S. retail sales numbers as investors in Asia awaited earnings announcements from several major corporates on Wednesday. U.S. July retail sales rose 0.6 percent, which was stronger than the 0.4 percent forecast in a Reuters poll. Meanwhile, retail sales for the month of June […]
Read moreWeb hosting company DreamHost said on Monday that it would not comply with the U.S. Justice Department’s request for data on more than 1 million visitors to a site it hosts. Last month the federal agency sent DreamHost a search warrant for files, HTTP requests, error logs and other data that contain IP addresses and […]
Read moreThe semiconductor stocks have been trading wildly of late, getting hit in July 2017 and again during last week’s sell-off before bouncing back on Monday. These dramatic moves made Jim Cramer wonder which move was really telling the truth about where the group is headed: down with the pullback or up with the rally? The […]
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