Europe
If perception is reality, then the Russian population would assume that the downing of Malaysia Airlines MH17 was the work of the Ukrainians—with the help of the U.S. Central Intelligence Agency, or vice versa. Just one day after the horrific tragedy that left 298 people dead, Russia’s Channel One ran a package telling its audience that the entire incident was orchestrated …
Microsoft has joined Google and launched its own version of the “right to be forgotten” request form for its search engine Bing, in an attempt to comply with a recent European Union ruling that has already sparked fierce debate over online privacy. The May ruling by the European Court of Justice was based bought by …
U.S. stocks dropped sharply on Thursday, tracking European shares, after soft data from Italy and as investors worried about one of Portugal’s top banks. “We used to have a Europe crisis every two weeks, now we have one every nine months,” said JJ Kinahan, chief strategist at TD Ameritrade. Investors sought safety in U.S. Treasuries …
The crisis in Ukraine may have slipped from the headlines briefly, but the increasing risks it poses shouldn’t be far from investors’ minds. A week-long ceasefire, which ended at 10 p.m. local time on Monday, had offered breathing space for a negotiated settlement of Ukraine’s conflict. After its conclusion, with no solution in sight, “the …
Russia has cut off its gas supplies to Ukraine, the country’s energy minister told news wires Monday, after the two countries failed to agree on a payment scheme in late-night talks. Although initial reports suggested that oil supplies were proceeding as normal, the Ukrainian minister told Reuters that its supplies had been halted. Earlier a …
Uber saw the number of new customers signing up to its London service jump to record levels on Wednesday, as cab drivers across Europe went on strike in protest of the taxi hailing app. Uber said there has been an 850 percent increase in sign-ups compared to last Wednesday and accused London taxi union the …
The European Central Bank (ECB) took the unprecedented step Thursday by imposing a negative interest rate on banks for their deposits—in effect charging lenders to park money with it. The move was part of a series of measures to combat the euro zone’s growth-sapping disinflation and give a push to its stuttering economic recovery. At …
Russian President Vladimir Putin has outlined his plans for closer links with China and a new Eurasian union, as he slammed U.S. actions in Ukraine. Read More Recap: Catch up with the Putin session – as it happened During a speech and interview with CNBC Friday at the St. Petersburg International Economic Forum, Putin signaled Russia’s turn away from its former Western …
Alcoa is experiencing the biggest transformation in the metals industry “in 125 years,” the chief executive told CNBC, as higher demand for lighter aluminum alloys from the auto and aircraft industries means a shift away from smelting. The aluminum manufacturer and processor no longer has to focus on fluctuations in the metals markets now demand for …
The last few days have brought the worst violence yet since the ongoing struggle between the governments of Ukraine, Russia and their respective civilian supporters began, and power players on both sides are using the conflict to their advantage. Russians agitate, oil rises Russian President Vladimir Putin‘s spokesman, Dmitri Peskov, recently told reporters that thousands of people …
Investors and policymakers worldwide are braced for a shake-up of global markets, due to heightening tensions and sanctions in Ukraine and Russia. Market watchers have warned that a further clampdown on Russia by the West could threaten Europe’s fragile recovery and risk a “credit crisis” in Russia and beyond. Read More Ukraine crisis: Germany calls for …
French group Alstom on Wednesday said it was considering General Electric‘s (GE) $13.5 billion bid for its energy unit, sending its shares soaring 11 percent in early trade. The proposed deal would be for the thermal, renewable and grid sectors of Alstom’s energy business. It stated that it would now review the bid before the end of May …
The latest round of sanctions imposed on Russia mark an intensification of the U.S.’s attempts to wound Russia economically over perceived intervention in Ukraine. With seven Russian government officials and 17 companies named as the target of sanctions, the list of those targeted is lengthening – but not quite enough to deliver a real blow …
As the worst standoff between the West and Russia since the Cold War escalates, the crisis is unnerving investors who are unsure of what will happen next. Hopes of a resolution were dashed when Ukraine declared an end to the so-called Easter truce earlier this week. U.S. President Barack Obama said on Friday that he …
With e-commerce giant Alibaba choosing to list shares in New York, it’s tempting to conclude that the U.S. is the world’s premiere IPO market. But recently, Europe is giving the Americans a run for their money. U.S. initial public offerings got off to a roaring start in 2014, with debuts from several high-flying tech companies …
