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European markets set for higher open, corporate news in focus

European markets set for higher open, corporate news in focus

European markets are set to open higher on Monday amid a slew of corporate news, and despite an anti-immigration party winning an election in euro zone country Slovenia over the weekend. The Italian FTSE MIB leads the charge, set to open 234 points higher at 22,323. The German DAX is seen up 80 points at […]

Brexit Nightmare: 17-Mile Traffic Jams at the Dover Border

Brexit Nightmare: 17-Mile Traffic Jams at the Dover Border

Those who want to keep close ties to the bloc point to warnings that quitting a customs union could cause chaos at ports and cost firms more than $25 billion a year. Certainly, Mrs. May could pay a high political price if she gets things wrong. Here at Dover, within eight minutes, trucks can normally […]

Europe is on the verge of a big new crisis, just six years after the last one

Europe is on the verge of a big new crisis, just six years after the last one

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Spain's Prime Minister, Mariano Rajoy, Is Ousted in No-Confidence Vote

Spain's Prime Minister, Mariano Rajoy, Is Ousted in No-Confidence Vote

Mr. Rajoy’s removal also ignited a feud with Ciudadanos, which wanted to force another election. During the parliamentary debate, Albert Rivera, the leader of Ciudadanos, repeatedly voiced his frustration over Mr. Rajoy. Mr. Rajoy was not in Parliament to listen, however, instead spending more than seven hours on Thursday in a Madrid restaurant. Mr. Rivera […]

Trump imposes steel and aluminum tariffs on the EU, Canada and Mexico

Trump imposes steel and aluminum tariffs on the EU, Canada and Mexico

President Trump on Thursday imposed tariffs on imported steel and aluminum from the European Union, Canada and Mexico, triggering immediate retaliation from U.S. allies and protests from American businesses and farmers. The tariffs — 25 percent on steel and 10 percent on aluminum — take effect at midnight Thursday, marking a major escalation of the […]

Google Emerges as Early Winner From Europe's New Data Privacy Law

Google Emerges as Early Winner From Europe's New Data Privacy Law

GDPR, the European Union’s new privacy law, is drawing advertising money toward Google’s online-ad services and away from competitors that are straining to show they’re complying with the sweeping regulation. The reason: the Alphabet Inc. ad giant is gathering individuals’ consent for targeted advertising at far higher rates than many competing online-ad services, early data […]

Europe banks ALERT: Turkey on brink of COLLAPSE as Lira PLUMMETS sparking Eurozone crisis

Europe banks ALERT: Turkey on brink of COLLAPSE as Lira PLUMMETS sparking Eurozone crisis

As of last week, the lira was down 17 percent against the US dollar for the year, spooking global investors as many banks have borrowed money from Turkish companies. On Tuesday, the currency rallied, jumping 5.2 percent on the US dollar to trade at TL4.467 – its strongest week since 2009 – but still down […]

Things You Can't Say in Europe

Things You Can't Say in Europe

Public officials and celebrities in America are bound to get in trouble when they make offensive comments about race. But in Europe it seems the quickest way to start a controversy is to suggest that governments may have to answer to the investors who lend them money. Politico reports: European Budget Commissioner Günther Oettinger apologized […]

Italy, Ireland, 'Spider-Man': Your Tuesday Briefing

Italy, Ireland, 'Spider-Man': Your Tuesday Briefing

(Want to get this briefing by email? Here’s the sign-up.) Good morning. Italy’s government slides into chaos, President Trump pushes another conspiracy theory and France celebrates its Spider-Man. Here’s the latest: • President Trump, who as a candidate claimed that Washington had advance knowledge of the Sept. 11 attacks and hinted that Justice Antonin Scalia […]

Plastic Pollution Crisis: Single-Use Straws May Be Banned Across Europe

Plastic Pollution Crisis: Single-Use Straws May Be Banned Across Europe

The European Union’s executive branch has proposed an outright ban on a host of single-use plastic products, including straws and plates, in order to combat the growing plastic waste crisis. With plastics making up the vast majority of trash in our oceans and contaminating our drinking water, the European Commission on Monday proposed a new […]