A gauge of U.S. consumer spending rose solidly in June, in the latest sign that the economy ended the second quarter on a firmer footing. That momentum appeared to ... Read More
The European Parliament has issued a press release announcing the election of Jean-Claude Juncker as Commission President. With 422 votes in favour, the European Parliament elected Jean-Claude Juncker in a ... Read More
Chinese e-commerce giant Alibaba Group Holding and Lions Gate Entertainment Corp, the studio behind the ‘Hunger Games’ films, will launch a subscription streaming service in China, the firms said ... Read More
Imperial Tobacco Group (IMT.L) plans to buy U.S. cigarette brands including Winston and Kool for $7.1 billion as part of Reynolds American’s (RAI.N) $27.4 billion purchase of Lorillard (LO.N). ... Read More
Euro zone countries should get financial incentives if they make ambitious economic reforms, the designated candidate to become the president of the European Commission said on Tuesday. Speaking to ... Read More
British inflation unexpectedly surged to a five-month high last month and house prices continued to accelerate, prompting financial markets to increase bets on an early Bank of England rate ... Read More
Banks shouldn’t count on a fresh round of European Central Bank cash to trade sovereign debt and reap big profits, Mario Draghi said. “The convenience to use the ECB ... Read More
The UK is suffering from “myopic management” that threatens its global competitiveness, an independent commission has warned. The country will need 1m new managers by 2020, to replace those ... Read More
Microsoft Corp. (MSFT:US) is planning its biggest round of job cuts in five years, as the software maker looks to slim down and integrate Nokia Oyj’s handset unit, people ... Read More
The SANAD Fund for MSME (SANAD) signed a $10 million senior loan contract with AlexBank. This loan, SANAD’s first in Egypt, will facilitate investment and working capital loans for ... Read More
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