European Union Commissioner for Competition Margrethe Vestager is going after some of the world’s most powerful tech companies for not sticking to the EU’s rules. Cases including Facebook‘s Whatsapp acquisition, Apple‘s unpaid taxes, and Google‘s search engine abuse have sent a clear signal to companies around the world that complying with EU rules is not […]
Read moreA group of Taiwanese manufacturers are joining Apple’s legal battle against Qualcomm in a countersuit, claiming the chipmaker charges excessive fees for patent licenses and violates anti-trust laws, reports the Wall Street Journal. Apple is covering the legal expenses associated with the companies’ defense and said it would file a separate motion to consolidate the […]
Read moreThe idea that big banks are facing an “existential crisis” from financial technology (fintech) challengers is “overblown”, the digital chief of HSBC told CNBC. In response to the debate over challenger banks and other fintech players posing a serious threat to established financial services institutions, the bank’s head of digital said that the trust of […]
Read moreThis article originally ran on LinkedIn. For more than 20 years, my father-in-law has sold food to mostly small, independent, family-owned restaurants. He works for one of the world’s largest food service companies, and his is the type of job that is increasingly rare: It does not require a college degree, but has afforded him […]
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IN THE 1970s, Britain was dubbed “the sick man of Europe”, a role previously played by the Ottoman empire in the late 19th century. A poor growth record since the second world war combined with terrible industrial relations (29m days lost to strikes in 1979) to make many ask the question “Is Britain governable?”. The […]
Read moreShares of Vertex Pharmaceuticals surged more than 26 percent at the open of trading Wednesday, as the drugmaker crushed Wall Street’s expectations when it reported an improved response in patients suffering from cystic fibrosis. The biotech told CNBC on Tuesday that its three-drug cocktails boosted a measure of lung function in patients with cystic fibrosis […]
Read moreU.S. homebuilding rebounded more than expected in June after declining for three straight months, but construction activity remains constrained by rising lumber prices, labor and land shortages. Housing starts jumped 8.3 percent to a seasonally adjusted annual rate of 1.22 million units, the highest level since February as both single-family and multi-family construction increased, the […]
Read moreJPMorgan said Wednesday the Apple iPhone Pro, also often referred to as the iPhone 8, isn’t delayed. Instead, the bank said, Apple’s highest-end iPhone will launch on time but will only be available in limited quantities at first. This follows several reports around Wall Street that have suggested Apple’s iPhone won’t launch until October or […]
Read moreTurkey announced a new school curriculum on Tuesday that excluded Charles Darwin’s theory ofevolution, feeding opposition fears President Tayyip Erdogan is subverting the republic’s secular foundations. The chairman of a teachers’ union described the changes as a huge step in the wrong direction for Turkey’s schools and an attempt to avoid raising “generations who ask […]
Read moreCurrency, United States Finance
Crash in bond markets, Fed mistake are investors’ biggest fears right now, survey finds
Investors are more comfortable holding on to cash than investing in traditional assets as they consider a crash in global bond markets and a policy mistake by central banks to be the biggest tail risks to the market, according to a survey. The Bank of America Merrill Lynch July Fund Manager Survey that polled 207 […]
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