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Blackstone to buy five hotels in Greek islands

Blackstone to buy five hotels in Greek islands Blackstone Real Estate Partners Europe, a unit of U.S. private equity firm Blackstone Group, agreed to buy five hotels in Greece from Louis Group in a deal valued at 178.6 million euros ($197 million), ...
20.09.2019

Cash spending overtaken by credit cards for the first time

Cash spending overtaken by credit cards for the first time Credit card spending has taken over cash for the first time, according to data from UK retailers, demoting notes and coins to the third most popular method of payment. The figures come ...
19.09.2019

UK inflation drops to its lowest for nearly three years

UK inflation fell to its lowest level in almost three years after the end of summer sales held clothing prices down. Annual rate had dipped to 1.7% in August according to the Office for National Statistics, taking inflation down to the lowest ...
19.09.2019

Ireland finds no breakthroughs with UK’s Brexit proposals

Ireland said on Thursday that the United Kingdom had failed to supply credible Brexit proposals, adding that there had been no breakthrough at talks with the Northern Irish party siding with Prime Minister Boris Johnson’s government. “We ...
19.09.2019

Bank recovery lifts European stocks higher

Bank recovery lifts European stocks higher A rally in bank stocks for the first time in four sessions lifted European shares on Thursday after the U.S. Federal Reserve cut interest rates but set a higher bar for further reductions. European ...
19.09.2019

U.S., Chinese trade talks commence in Washington despite differences

U.S., Chinese trade talks commence in Washington despite differences U.S. and Chinese trade deputies were set to resume face-to-face trade talks on Thursday after the two of the world’s largest economies attempted to bridge deep policy ...
19.09.2019

Oil Prices Soar after Saudi Facility Attacks

Oil Prices Soar after Saudi Facility Attacks Oil prices surged to four-month highs on Monday after attacks on crude facilities in Saudi Arabia as supply fears sparked. The strikes on the facilities, which occurred in the weekends, halted 5% ...
16.09.2019

LSE rejects Hong kong’s multi-billion takeover Bid

LSE rejects Hong Kong’s Multi-Billion Dollar Takeover Bid The London Stock Exchange (LSE) had rejected Hong Kong’s $37 billion takeover bid, expressing the amount to be low, politically risky, and lacking strategic merit. In a strongly ...
16.09.2019

UK businesses unprepared for a no-deal Brexit; BCC warns

UK businesses unprepared for a no-deal Brexit; BCC warns The British Chambers of Commerce (BCC) warned that a “concerningly high number” of UK businesses were unprepared for a no-deal Brexit after a research showed that more than ...
16.09.2019

U.S. Treasury Considers 50-year bond

Treasury Secretary Steven Mnuchin floated the idea of the US Government issuing an “ultra-long” government bond next year should the demand arise. Mnuchin has been talking for the past 2 years about the possibility of expanding ...
13.09.2019

Asian markets rise amid hopes of calming trade war

Asian stocks rallied up on continued hopes that a cooling in the US-China trade war could be nearing. Investors stayed positive of the highly-anticipated trade talks between the United States and China in the coming weeks. The two countries ...
13.09.2019

Supermarket figures concerned as no-deal Brexit will inevitably hit supplies

A No-deal Brexit would “inevitably disrupt” fresh food supplies in Britain as delays at ports would throw time-deliveries into chaos, a chief executive of the supermarket group Sainsbury expressed. Mike Coupe said the October 31st Brexit ...
13.09.2019

Czech Government to raise public sector pay by 2020

The Czech centre-left ruling coalition agreed on Friday to a public sector wage hike that will increase government spending after economists warned that budget revenue projections may come short. The pay decision, which covers around 290,000 ...
13.09.2019

Greek unemployment rate plummets 16.9% in second quarter

The unemployment rate in Greece fell to 16.9% in June from 19.2% in the first quarter according to data by the country’s statistics service ELSAT on Thursday. About 70.8% of Greece’s jobless are long-term unemployed, meaning they ...
12.09.2019

British American Tobacco plans jobs cuts in shift towards vaping

British American Tobacco (BAT) announced plans to cut 2,300 jobs by 2020 in readiness for a shift towards non-tobacco products a day after US President Donald Trump said that he was considering a ban on flavored e-cigarettes. The vast majority ...
12.09.2019

Asian stocks move slightly higher on US-China hopes

Asian markets were modestly higher as news about the future of the US-China trade relationship sparked optimism among investors. Japan’s Nikkei shares rose 0.5%, South Korea’s Kospi advanced 0.2%, and China’s Shanghai Composite ...
11.09.2019

Stocks hit five-week high; stimulus hopes buoys sentiment

Emerging market stocks climbed for a fourth straight session as hope for stimulus in the world’s significant economies buoyed investor sentiment, while currencies in the developing world were mixed against the tepid Dollar. MSCI’s ...
09.09.2019

European shares hold monthly highs on German Data

European stock markets hovered at one-month highs on Monday after data showed an unexpected rise in German exports and on firmer expectations of a new wave of stimulus by the European Central Bank to be introduced later this week. The pan-European ...
09.09.2019

Deutsche Bank CEO says ECB rate cuts may have damaging side effects

Germany’s top banker had warned Europe’s central bank that another interest rate cut would result in more harm than good. “It will have serious side effects,” said Deutsche Bank (DB) CEO, Christian Sewing at a banking ...
05.09.2019

Slack’s stock falls 15% after its first earning report since its appearance

Slack, a workplace messaging app used by companies such as IBM, Lyft and CNN, has seen its shares plunge 15% in after-hours trading following the company’s first earning report as a public company. The stock decline happened even as Slack ...
05.09.2019
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