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Brussels is rushing out proposals to impose EU control on the City of London’s lucrative euro-clearing market, forcing UK operators to either relocate or be policed by European authorities. In a provocative regulatory salvo fired as Brexit talks begin, the European Commission is preparing to issue legislative proposals in June that would heavily restrict London’s ability to host one of its flagship financial businesses. The commission’s power […]

Photos of Fitbit‘s first “proper” smartwatch have leaked. The company is currently developing the follow-up to its Blaze Smart Fitness Watch of yesteryear, and it appears that the said device features a more evolved look of Fitbit’s Blaze line. Fitbit Higgs Specs Codenamed “Higgs,” the watch will reportedly feature specs that can hold a candle to the Apple Watch Series 2. As per Yahoo Finance, which nabbed the exclusive […]

Greece has wrapped up a deal with creditors on details of reforms that must be enacted before the country can receive the next disbursement from its €86bn bailout programme. The deal, which covers a wide range of fiscal and structural measures, from fresh cuts in pensions to liberalising Sunday trading, was completed during intensive talks over the past week after months of wrangling between Greek finance ministry […]

When I visited a dozen news organizations on our Innovation Tour last November, there was a surprising consensus among the biggest players on the next big thing they had in focus: Voice-activated news for devices like Amazon Echo and Google Home. As was true for Virtual Reality/360-degree video a year earlier, the medium is so new that publishers are just beginning to figure out where to start. But […]

Humanz Gorillaz (Parlophone) Four stars When Blur frontman Damon Albarn and his comic-book artist friend, Jamie Hewlett, created Gorillaz in 1998, they could scarcely have imagined how much mileage there was in cartoon creations Murdoc, Noodle, Russel and 2-D. Unlike the members of conventional groups, they do not age, burn out or fall out. Albarn turns 50 next year, but Gorillaz helps to keep him relevant. The […]

Infosys, the Indian IT services company that stands to be one of the biggest losers from a US visa crackdown, plans to hire 10,000 Americans in the next two years, according to the company’s chief executive. News of the hiring spree, due to be announced on Tuesday, is likely to be seen as a win for the White House as it tries to push companies into creating […]

Mr. Ghasemi’s remarks, at a regular weekly news conference reported by Iranian media, did not suggest a negotiation was underway for the release of the Americans, all of them dual citizens of the United States and Iran. Continue reading the main story Mr. Ghasemi did not identify any of them by name. At least four Americans of Iranian descent are known to be held in Iranian prisons […]

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Wall Street’s so-called fear gauge slid to its lowest level since before the credit crisis on Monday as the broad US stock market inched closer to a new all-time high and the technology-heavy Nasdaq Composite closed at a record. The Chicago Board Options Exchange’s implied volatility index, also known as the Vix, slipped as much as 9 per cent on Monday afternoon to touch 9.90, its lowest […]

Leaders of Nahdlatul Ulama’s youth wing, known as Ansor, say that elements of Shariah, which Muslims consider divine law, are being manipulated by groups like the Islamic State and Al Qaeda to justify terrorist attacks around the world, invoked to rally fighters to battle in the Middle East and elsewhere, and distorted by movements that seek to turn Islam into a political weapon. Continue reading the main […]

Bill Shine, co-president of Fox News Channel, has become the latest executive to resign in the wake of a sexual misconduct scandal at the cable channel, and will be partly replaced by Fox’s highest-ranking female executive. The exit of Shine, who has been with Twenty-First Century Fox Inc’s Fox News since its inception over 20 years ago, marks an important step in the attempt by Rupert Murdoch […]

The Syrian government and its main ally, Russia, deny that it uses such tactics. At a news conference held at United Nations headquarters in New York to release the report’s findings, the executive director of Human Rights Watch, Kenneth Roth, ridiculed what he described as “preposterous” assertions by the Syrian and Russian governments denying responsibility. Photo An inspection of damage to a hospital in the Aleppo area […]

The White House announced Monday that President Trump has signed an executive order establishing the American Technology Council (ATC). “Americans deserve better digital services from their Government,” the executive order reads. The council’s purpose, it says, is to promote policies that help the federal government “transform and modernize its information technology and how it uses and delivers digital services.” Chris Liddell, the White House director of strategic […]

Paper-based plasma generators — consisting of laminated assemblies of honeycomb-patterned, metallized paper — are capable of sanitizing surfaces with 10 seconds of treatment. These devices are also customizable into varied planar geometries and bendable/mechanically flexible to conform to curved surfaces. Credit: Jingjin Xie Imagine wearing clothes with layers of paper that protect you from dangerous bacteria. A Rutgers-led team has invented an inexpensive, effective way to kill […]

Between Thumbtack,  Yelp Angie’s List, and Amazon, it wouldn’t appear that the world needs a new platform that matches customers with service professionals. That’s not the way that Julio Vasconcellos sees it, clearly. Vasconcellos has spent the last year-plus working on a services platform called Prefer that relies exclusively on trusted referrals, replacing the wisdom of crowds with the wisdom of one’s friends when it comes to hiring a babysitter or accountant or housekeeper. In […]

Authored by Mark Melin via ValueWalk.com, Bullish on oil, Andurand Commodity Fund Manager Pierre Andurand looks around the world for justification of his long exposure. Since the start of 2017, patience has been emphasized by the famous French oil trader, perhaps best known for his previous BlueGold Global Fund management, who is now struggling with an -11.6% loss year to date as of March and is in the […]

US corporate boardrooms’ approval of share buyback plans has fallen to its lowest level since 2012, signalling that the stock market’s surge to further highs this year is curbing a key source of demand for equities. Companies on the S&P 500 index have authorised $146bn in share buybacks this year, down 15 per cent from a year ago, according to data from Goldman Sachs. Executives have also […]

By Olivia Oran and Svea Herbst-Bayliss | BEVERLY HILLS BEVERLY HILLS U.S. Treasury Secretary Steven Mnuchin said on Monday that economic growth of three percent is achievable in the next two years as the Trump administration sets out to dramatically cut taxes. Speaking at the Milken Institute Global Conference in Beverly Hills, California, almost a week after he helped unveil plans to cut taxes for many people […]

France’s presidential candidates battled for the working-class vote in a day of sometimes violent protests ahead of next Sunday’s election. As May Day workers’ rights marches were being held across the country, the National Front’s Marine Le Pen attacked her rival Emmanuel Macron as an “enemy of the people” who represented finance and “savage globalisation”. The rancour and confusion of the campaign spilled on to the streets, […]

Mr. Abbas was scheduled to meet with Mr. Trump in Washington on Wednesday as the sole representative of the Palestinian people. He has sought in recent weeks to rein in Hamas, cutting salaries and refusing to pay for electricity, in a bid to undermine the group’s authority. Gazans now have only a few hours of power a day. Continue reading the main story “Whether it’s a coincidence […]

Inflight meals have been a topic of discussion amongst travellers for as long as they are being served. Some passengers simply hate the taste and smell of onboard catering, others can’t seem to get enough of those little portions, packed for heating up in the air. Obviously, there are huge qualitative differences when it comes to the cuisine onboard, depending on the airline and of course, the […]

Theresa May’s critics have attacked the British prime minister for having “no plan” over Brexit in the wake of a leaked account of a private dinner that heightened tensions between Brussels and London. A report published in the Frankfurter Allgemeine Sonntagszeitung portrayed last Wednesday’s dinner between Mrs May and European Commission president Jean-Claude Juncker as a disaster. According to the FAZ, commission officials were astonished at Mrs […]

By Richard Cowan | WASHINGTON WASHINGTON Negotiators in the U.S. Congress reached a deal late on Sunday on around $1 trillion in federal funding that would avert a government shutdown later this week, while handing President Donald Trump a down payment on his promised military build-up. The full House of Representatives and Senate must still approve the bipartisan pact, which would be the first major legislation to […]

Besides the upcoming FOMC meeting on May 2-3, and French & Italian politics – the decisive runoff round of the French election takes place this Sunday – this week’s releases are dominated by US payrolls expected to come around 170k. The busy release calendar continues with Norges bank and RBA meetings as well as global manufacturing PMIs. The market’s focus during the week of 5/1 will begin […]

Apple has extended the warranty on first-generation Apple Watches that suffer from swollen battery problems to three years. Must read: iPhone 8: Here’s what we think we know about Apple’s 10th-anniversary iPhone Word of the change comes via a note sent from Apple to authorized repair centers that was subsequently forwarded to 9to5mac. There have been sporadic reports of issues where ballooning batteries can cause either the […]

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