By Jussi Rosendahl | HELSINKI HELSINKI Finnish foreign minister Timo Soini said on Sunday he would step down as leader of the nationalist and eurosceptic Finns party in June, a move which could challenge the future of the country’s three-party government. The departure of Soini paves the way for a more hard-line leadership, surveys have suggested, as many of its core voters bridled at compromises he made […]
HP Inc’s new Customer Welcome Centre in London. Image: HP Inc/Jonny Back Photography George Brasher is a 26-year HP veteran who has worked in a variety of roles in the company’s printer and PC divisions over the years and is now HP Inc’s managing director for the UK and Ireland. ZDNet caught up with him at the company’s brand-new million-pound Customer Welcome Centre (CWC) in London, to […]
Standard Life is in late-stage discussions to acquire Aberdeen Asset Management in an all-stock deal that would create the UK’s largest money manager with £660bn of assets and be worth around £11bn. The companies confirmed the talks on Saturday evening in a joint statement that said a deal would “leverage Standard Life and Aberdeen’s combined strengths to create a world class investment company”. They added that Standard Life […]
BERLIN Deutsche Boerse (DB1Gn.DE) Chairman Joachim Faber has put the blame for a failed tie-up with the London Stock Exchange (LSE.L) on Britain and its vote to leave the European Union. The London Stock Exchange last week effectively scuppered a planned merger with Deutsche Boerse to create Europe’s biggest exchange, by rejecting an EU demand to sell a trading platform in Italy. Faber, who chairs Deutsche Boerse’s […]
A friend of mine called me recently to say that he had been arrested at Dubai airport for carrying prescription medicine without the prescription. I am a European who lives outside the UAE so I don’t have much knowledge about such cases in the UAE. Can you tell me more? It is unfortunate what happened to your friend but there are a list of medicines that cannot […]
PARIS/LONDON France’s PSA Group (PEUP.PA) is set to announce a deal to buy Opel from General Motors (GM.N) on Monday after striking an agreement with the U.S. carmaker and winning the blessing of its board for the acquisition. The maker of Peugeot, Citroen and DS cars said on Saturday it would hold an early Monday press conference with GM, at which the transaction is expected to be […]
Jon Corzine, the former New Jersey governor and Goldman Sachs chief who oversaw the collapse of MF Global, is poised to take the stand next week in a potentially explosive trial over the alleged negligence of the company’s auditor, PwC. The world’s second-biggest professional services firm was the auditor of MF Global, the futures brokerage that collapsed in October 2011 after huge bets on the debt of […]
Investors have poured nearly $80bn into US equity funds since November’s election as optimism over the new administration’s pro-growth agenda received a boost after President Donald Trump addressed Congress this week. Funds invested in US stocks counted $6.7bn of additions in the week to March 1, lifting flows since November 8 to $79.4bn, according to data from EPFR. The inflows have partially reversed a near constant exodus […]
WASHINGTON The U.S. International Trade Commission said on Friday it had made a final finding that the U.S. industry was being harmed by the dumping and subsidization of imports of carbon and alloy steel cut-to-length plate from China. The finding allows for the final imposition of duties by the U.S. Commerce Department. The investigation into the imports was prompted by a petition from Nucor Corp and U.S. […]
General Motor’s (GM’s) European car brand Opel will soon come under the PSA Group. The French automaker is quite close to completing a deal with Detroit-based car maker GM on Monday, March 6. GM it seems is finally dumping its European car business which was long standing and losing out money making its car business unprofitable. The acquisition was made in order to give a boost to GM’s […]
KARACHI: The Panama Papers — a huge leak of documents detailing the alleged secret offshore holdings of global elite — were released in April 2016. The leak made headlines all-over the world, but its impact was probably most keenly felt in Iceland. Just two days after the leak appeared, Iceland’s prime minister had to resign from his office over protests by the people. Thousands of people had […]
By Tulay Karadeniz | ANKARA ANKARA Turkish leaders condemned Germany on Friday for cancelling rallies of Turkish residents due to be addressed by Ankara’s ministers and accused Berlin of giving “shelter” to Turkey’s enemies. As the diplomatic spat between the two countries became increasingly angry, Turkish President Tayyip Erdogan said a German journalist being held in Turkey was a “German agent” and a member of an armed […]
Former UKIP leader Nigel Farage couldn’t get elected member of UK parliament, so he became a member of European Parliament. He also couldn’t get knighted by the Queen of England, so he naturally opted for the next best thing: Being knighted by a young girl with a plastic sword on Russia-funded television network RT. You can watch the heartwarming ceremony here: The ceremony didn’t stop with the plastic sword, […]
France, which gave the world one of the most enduring symbols of World Expos, the Eiffel Tower, has become the latest country to confirm its participation in Expo 2020 Dubai. The European country officially confirmed its commitment in a letter from Prime Minister Bernard Cazeneuve to Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The letter was […]
BRUSSELS, March 03, 2017 – The Panama Papers scandal has highlighted how certain financial intermediaries and other providers of financial and tax advice appear to have actively helped their clients to conceal money offshore. It is against this backdrop that ALDE MEPs Petr Ježek (PANA Co-Rapporteur) and Michael Theurer (ALDE PANA Coordinator) hosted a high-level seminar Thursday, bringing together experts on this field, both at the technical […]
The heads of the London Stock Exchange Group and Deutsche Börse went to Brussels at the start of February on the verge of clearing a major obstacle for their historic €29bn merger. Xavier Rolet and Carsten Kengeter thought EU regulators were set to bless the deal they had been working on for more than a year. But midway through the meeting, Mr Kengeter stepped out to take an emergency […]
March 3, 2017 by: Jamie Chisholm, Global Markets Commentator Friday 08:35 GMT Overview Stock markets are retreating as Wall Street equity futures dip further from this week’s record high as investors cash in some of their bullish bets on stronger growth following the election of US president Donald Trump. The pullback comes amid heightened expectations that the improving economic scenario will encourage the Federal Reserve to increase […]
SYDNEY The dollar clung to broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street’s party as the reality of rising borrowing costs began to sink in. Spread betters pointed to opening losses for European stocks and E-mini futures for the S&P 500 were off 0.3 percent. Asian markets were mostly lower, […]
By Matt Spetalnick | WASHINGTON WASHINGTON With his administration on the defensive over investigations into alleged Russian meddling in last year’s election, U.S. President Donald Trump is no longer tweeting praise for his Kremlin counterpart. Less than five weeks after he took office, the chances of a spring thaw in relations between Washington and Moscow – once buoyed by an apparent “bromance” between Trump and President Vladimir […]
Via Michael Snyder of The End of The American Dream blog, If current trends continue, Islam is on track to become the largest religion in the entire world by the end of this century according a stunning new report that was just released by the Pew Research Center. While it is true that Christianity is still growing on a global basis, it is not growing nearly as […]
Photo Hosni Mubarak, the former president of Egypt, was taken back to a military hospital in Cairo on Thursday after a court session. Credit Mohamed Hossam/European Pressphoto Agency CAIRO — Egypt’s top appeals court cleared former President Hosni Mubarak of any responsibility for the killing of hundreds of people during the 2011 protests that ended his 30-year rule, sweeping away the final legal hurdle to Mr. Mubarak’s […]
She was arrested and charged with supporting terrorism, not because of her novels but as a result of her affiliation, as an adviser, with a newspaper linked to the Kurdish movement that has since been shut down. She still faces a trial that could land her back in prison, and with that hanging over her, she has been living with her mother, sleeping late, not writing much […]
Cars are on their way to becoming ‘mobile phones on wheels’ The car of the future will let you pay for petrol or parking directly from your vehicle and receive traffic alerts and restaurant recommendations from your onboard digital assistant. Connected cars—or “mobile phones on wheels”—will be able to do those things and more, including communicate with each other on the road and with the infrastructure around […]
BRUSSELS European Union lawmakers lifted the EU parliamentary immunity of French presidential candidate Marine Le Pen on Thursday for tweeting pictures of Islamic State violence. Le Pen, who leads her National Front party in the European legislature, is under investigation in France for posting three graphic images of IS executions on Twitter in December 2015, including the beheading of American journalist James Foley. The vote on Thursday […]
