LONDON The leader of Britain’s main opposition Labour Party Jeremy Corbyn said on Sunday he could suspend British involvement in air strikes against Syria if he was elected prime minister at a June 8 election. The veteran peace campaigner, whose Labour Party is around 20 points behind the ruling Conservatives in opinion polls, set out his position on a range of security and foreign policies, saying he […]
BERLIN German Finance Minister Wolfgang Schaeuble is not worried by the prospect of cuts to corporate tax rates in the United States he told German magazine Wirtschaftswoche on the sidelines of the IMF and World Bank spring meetings in Washington. U.S. President Donald Trump on Friday promised a big announcement about tax reform shortly and ordered a review of Obama-era tax rules written to discourage U.S. companies […]
LONDON Britain’s Theresa May appeared on course to win a crushing election victory in June after opinion polls put support for her ruling Conservative party at around 50 percent, double that of the opposition Labour party. May’s decision to call a June 8 election stunned her political rivals this week and a string of polls released late on Saturday suggested the gamble had paid off, with one […]
By Ingrid Melander | PARIS PARIS France goes to the polls on Sunday for the first round of a bitterly fought presidential election, crucial to the future of Europe and a closely-watched test of voters’ anger with the political establishment. Nearly 47 million voters will decide, under tight security, whether to back a pro-EU centrist newcomer, a scandal-ridden veteran conservative who wants to slash public spending, a […]
By Leika Kihara and Francesco Canepa | WASHINGTON WASHINGTON International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France’s presidential election. Concerns that far-right leader Marine Le Pen and far-left rival Jean-Luc Mélenchon, both critics of the European Union, could top the […]
By Bate Felix and Daniel Pardon | PARIS/PAPEETE, French Polynesia PARIS/PAPEETE, French Polynesia French overseas territories and French residents in the United States and Canada began voting on Saturday in France’s presidential election, a day before the main first-round of a poll that could change the global political landscape. Of nearly 47 million registered French voters, there are fewer than a million resident in far-flung places like […]
Around 10,000 scientists and their supporters marched through London on Saturday — one of more than 500 demonstrations worldwide celebrating “robustly funded and publicly communicated science as a pillar of human freedom and prosperity”. As the London demonstrators marched from the Science Museum to Parliament Square, they waved hundreds of colourful placards made in labs and homes across Britain, with messages ranging from “Nature isn’t fooled by […]
Researchers found that certain search terms revealed AI bias. Credit: Princeton University In debates over the future of artificial intelligence, many experts think of the new systems as coldly logical and objectively rational. But in a new study, researchers have demonstrated how machines can be reflections of us, their creators, in potentially problematic ways. Common machine learning programs, when trained with ordinary human language available online, can […]
April 22, 2017 by: Kathrin Hille in Krasnoyarsk When Kremlin officials are asked about Alexei Navalny, they like to laugh off the Russian opposition politician’s chances of challenging president Vladimir Putin. But this week the Kremlin appeared to signal that it does take Mr Navalny seriously after all. In a video published on YouTube on Wednesday, the politician who organised protests in more than 80 Russian cities […]
By Chris at www.CapitalistExploits.at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we enjoy a good laugh, the truth is that the first step to […]
By Francesco Canepa and Gernot Heller | WASHINGTON WASHINGTON Global economic leaders on Friday continued downplaying possible friction with the Trump administration over currencies, trade and other potentially contentious issues, even while acknowledging that much about the U.S. president’s plans remains unclear. On a day when Donald Trump himself seemed focused on domestic matters – promising a new U.S. tax plan next week and announcing reviews of […]
Investor sentiment is leaning towards a market-friendly outcome ahead of Sunday’s first round of voting in the French presidential election. The euro was on course for its best week in three months near $1.07, while a key proxy of election risk, the premium demanded by investors to own French government bonds over German Bunds, has narrowed sharply. “The most likely outcome is for a second round run-off […]
ROME The number of migrants crossing Niger to reach Libya has declined, the International Organisation for Migration (IOM) said on Friday, after Europe pledged Niger money to help it fight people-smuggling. The IOM monitors trucks carrying migrants at a desert crossroads in eastern Niger commonly used to reach Libya, where more than half a million have set out on flimsy boats for Europe in the past three […]
Although Google is processing more requests, it’s also producing data for a smaller share of them. Image: Google Government requests for Google user data in the second half of 2016 were the highest since the firm first reported the figures in 2009. As Google notes in its latest Transparency Report, it received 45,549 government requests for user data in the second half of 2016, of which about […]
Yet another wildlife species has fallen victim to a deadly fungus that could potentially result in significant biodiversity loss. Nearly a month after Tech Times reported about three species of Texas bats carrying the Pd fungus, putting them at risk for the lethal white nose syndrome, biologists warn salamanders are in danger of being decimated. Researchers at the University of Zurich in Switzerland reveal that fire salamander populations […]
© Seb Jarnot I arrive at La Méditerranée, a traditional fish restaurant in a literary quarter of the Left Bank, Paris, at 7pm to find its blue doors firmly bolted. Charlotte Rampling has just confirmed our reservation, but our dining slot appears to have fallen foul of that particularly French timetable that decrees that no civilised person would ever want to eat before 8pm. In a panic, […]
Despite a resurging stock market and stabilized bond risk premia (cough Draghi cough), EurActiv reports the proportion of children living below the poverty line in Spain has increased by 9 percentage points between 2008 and 2014, to reach almost 40%. Spain has the EU’s third highest rate of child poverty, after Romania and Greece. EURACTIV Spain reports. While child poverty in general rose significantly, the sharpest increase (56%) […]
Friday 08:30 BST What you need to know ● European and Asian stock markets firm after Wall Street rally● Euro holds above $1.07 in cautious trading ahead of French election● Bund yields up 1bp to 0.25 per cent despite political tensions● Global steelmakers shrug off Trump tariff threat● Oil prices gain but gold pulls back——————- Hot topic Investor attention is turning to eurozone assets ahead of Sunday’s […]
PANAMA CITY — The co-founder of the law firm at the center of the Panama Papers scandal says the fallout has set off a “thriving” boom in the creation of tax shelters in the United States. Juergen Mossack, who partnered with Ramon Fonseca to create the Panamanian firm Mossack Fonseca, said in a document obtained Thursday by AFP that after the Panama Papers leak a year ago, […]
By Kate Holton and William Schomberg | NEWTON FERRERS, England/LONDON NEWTON FERRERS, England/LONDON Before last year’s Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of southwest England. Now the site is fully booked with British tourists avoiding more expensive foreign trips following a plunge in the pound. This turnaround in the 10 months since Britons decided to leave the European Union […]
By Maiya Keidan and Jemima Kelly | LONDON LONDON Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum. While computer-driven hedge funds garnered plaudits for their outperformance in the wake of Britain’s shock vote to leave the European […]
The London market broke a four-day losing streak as the week’s spate of sterling-induced selling eased and consumer stocks from Burberry to Unilever put in robust performances. The marginal gains for the FTSE 100 were not enough to reverse Wednesday’s fall into losses for the year for the benchmark. But UBS maintaining that Burberry was its “preferred turnround name in luxury” and top pick in that European […]
Feb 15, 2017 11:46 am IST India’s space agency on Wednesday launched a record 104 satellites from a single rocket as it crossed another milestone in its low-cost space-exploration program. The satellites from seven countries were carried by the Indian Space Research Organization’s Polar Satellite Launch Vehicle on its 38th consecutive successful flight. The mission reinforces India’s emerging reputation as a reliable and cost-effective option for launching […]
The exciting discovery of a giant nearby exoplanet has researchers wondering about the possibility of finding the first trace of extraterrestrial life. The massive super-Earth is located 40 light-years away from our home planet, in the Cetus (“Sea Monster”) constellation, and has been dubbed the “best place to look for signs of life beyond the solar system.” Telescopes around the world, including the HARPS instrument at La Silla […]
