Britain's economic competitiveness pit risk by Brexit
Britain's economic competitiveness is at risk because of the Brexit vote. June 23 referendum will surely affect its current status being on the top for decade, say WEF.
Europe
Ryanair Reports 34% Increase in Net Profit
Irish low-cost carrier Ryanair said that their net profit rose to $2.09 billion or 34%, making it its best-ever financial performance.
Tesla Offers Unofficial Discounts to European Leasing Companies Amid Price Cut Fallout
Tesla is making efforts to address concerns raised by European leasing companies due to multiple retail price cuts and delays in service...
UK to Put Up Office in San Francisco to Address AI Risks
The UK is intensifying its efforts to assess and address AI risks by opening a new office in San Francisco...
Slovak Media Fears Government Crackdown After PM Assassination Attempt
Slovak journalists are concerned that the assassination attempt on Prime Minister Robert Fico would result in a renewed push for a proposal replacing the country’s public broadcaster RTVS...
Facebook, Instagram Face EU Probe Over Suspicions of Failing to Impose Child Protection Policies
The European Union is investigating Facebook and Instagram under conce...
Russia's Vladimir Putin Visits China's Xi Jinping to Strengthen Economic, Political Ties Amid US Global Dominance
Russia's President Vladimir Putin arrived in Beijing on Thursday for a...
Latest News
BoE Warns Over Post Brexit Economic Crisis, Majority Economists Also Presume Same Consequences
Just after two days of IMF cautions, BoE has warned over blink economic outlook in post-Brexit era. Prior to that BoE governor has described Brexit as the biggest domestic financial stability risk. Bo
EU Privacy Regulators Request Changes in EU-US Data Transfer Agreement
WP29 on Wednesday was calling for changes in the commercial data transfer agreement between US and EU. The agency said it does not provide enough protection for privacy for European users.
London and European Stock Market Rallied Following Surge of China's Export
London's FTSE 100 rose on Wednesday to reach record high. European shares continued its rally led by mining stocks as China reported increase of export.
Israel Antitrust Authority Opposed Acquisition of Golan Telecom
Cellcom Israel Ltd on Tuesday announced that regulators opposed its merger plan with Golan. However, Antitrust Authority will invite the companies representative to discuss the deal before making fina
IMF Warns of New Financial Crisis and Economic Instability, Calling Immediate Action
The IMF calls banks, policy makers, and other key players in both advanced and emerging markets to address economic problems immediately. IMF warned that current issues and uncertainty could lead to a
EU Privacy Authorities Assessing The Privacy Shield Likely to Ask For Another Review to be Conducted in 2018
European privacy watchdogs is now assessing the Privacy Shield framework that would regulate the EU-U.S. relations in privacy protection. It’s likely that the EU watchdogs will ask for another review
EU Resumed Investigation on Halliburton and Baker Hughes Deal
European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.
Microsoft Became The First Major U.S. Tech Company to Endorse Privacy Protection Pact With the EU
Microsoft has became the first major U.S. tech company to endorse the Privacy Shield agreement between EU and the U.S. The company agreed to discuss the framework of data protection further with the E
StanChart To Dispose Assets Worth $4.4 Billion in Asia Including $1.4 Billion in India
StanChart has reportedly been considering for disposing of risk weighted assets worth $4.4 billion in India, China, Indonesia and Malaysia. To be liquidated assets in India will worth around $1.4 bill
