Merkel Wins Fourth Term as Germanys SPD Backs Coalition

March 10, 2018

Germany’s Social Democrats voted to join Chancellor Angela Merkel’s next government, clearing the last hurdle to her fourth term and restoring a sense of political stability in Europe’s biggest economy. SPD members approved the coalition pact by a wider-than-expected margin, which may make it easier for the party to effectively govern with Merkel’s Christian Democrat-led bloc. The result, unsealed on Sunday morning, was 66 percent in favor to 34 percent…


EU Raises Stakes for Trump by Aiming Levies at GOP Heartland

March 7, 2018

The European Union is preparing punitive tariffs on iconic U.S. brands produced in key Republican constituencies, raising political pressure on President Donald Trump to ditch his plan for taxing steel imports. Targeting 2.8 billion euros ($3.5 billion) of American goods, the EU aims to apply a 25 percent tit-for-tat levy on a range of consumer, agricultural and steel products imported from the U.S. if Trump follows through on his tariff…


Barclays Investment Bank Pays Females Half That of Males

February 28, 2018

The gap in pay at Barclays is “shocking,” said lawmaker Nicky Morgan, chair of the U.K. parliament’s Treasury Committee. “Barclays has signed up to the Women in Finance Charter, which commits signatories to supporting the progression of women into senior roles in the financial services sector. One way of reducing the gender pay gap is to increase the proportion of women in more senior roles, so it appears that Barclays…


Russian plane crash kills all 71 people on board

Moscow (CNN)The crew of the Saratov Airlines flight that crashed near Moscow on Sunday didn’t report any problems before the plane crashed into snowy terrain, killing all 71 people on board, state-run media said. “The snow is very dense … the Moscow region has had some of its heaviest snowfall in decades,” CNN’s Matthew Chance reported from Moscow. “It’s not clear at this stage whether weather was factor in this…

February 16, 2018

Plan to grow new Northern Forest

The emphasis of the project will be to increase tree cover around major conurbations to 20%. There will also be a focus on river valleys, where there are benefits for flood prevention and soil loss – as well as wildlife. But these areas will soak up funding, leaving many of the northern hills just as bleak and treeless in the coming 25 years. Will Europe’s last primeval forest survive? The…

January 9, 2018

No Idea What MiFID Stands For? Heres What You Need to Know

Everyone in European finance has been abuzz over an obscure acronym — MiFID II — that’s about to radically change how assets from stocks to commodities are traded and investors’ money is managed. Banks and asset managers across the European Union have spent more than $2 billion preparing for it. Regulators say it will protect investors, boost transparency and rebuild trust that was tarnished by the 2008 global crash. The…

January 8, 2018

Haley Warns UN That Trump Is Watching Jerusalem Votes

Nikki Haley has a warning for her fellow UN ambassadors ahead of a key vote on Jerusalem this week: Read a QuickTake Q&A on the controversy over Jerusalem’s status “I liked the message that Nikki sent yesterday at the United Nations to all of those nations that take our money and then they vote against us in the Security Council, they vote against us potentially at the assembly,” Trump said….

December 27, 2017

You Can Travel To Iceland For $99 In 2018, So Get Ready To Book A Trip

If your wanderlust is calling but your wallet is pulling in the reins, you’ll be pleased to know that the new year offers some budget-friendly travel options. Get your passport ready — WOW Air’s $99 tickets to Iceland are a must-buy. Now is definitely the time to cross a few places off your checklist. WOW terminals in major cities throughout the United States are offering flights into Reykjavik, Iceland’s capital,…

December 25, 2017

Exclusive: Rex Tillerson, in Meeting With U.S. Diplomats, Says Russia Interfered in Election

Beleaguered Secretary of State Rex Tillerson acknowledged in a closed-door meeting with U.S. diplomats on Tuesday that Russia interfered in democratic processes here, something President Trump still describes as fake news intended to delegitimize his presidency. Its a precarious position for Tillerson to take, even privately. Tillersons job is on thin ice, as rumors swirl that he will be swapped out for CIA Director Mike Pompeo. Within the department, Tillersons…

December 19, 2017