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Global Markets: Shares skid on view trade spat morphing into tech cold war

World shares skidded lower on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world's two largest economies and that Brexit was heading for another unpredictable twist.
Tags: businessNews


NZ dollar eases as US-China trade war, Brexit saga drag on

The New Zealand dollar was slightly weaker as indications of softness in the domestic economy added to worries about the United States-China trade war and the ongoing Brexit saga.The kiwi was trading at 64.88 US cents at 5pm in... [Author: [email protected]]


JPMorgan raises its Brexit no-deal probability forecast to 25 from 15%

U.S. investment bank JPMorgan raised its probability of a no-deal Brexit to 25 from 15%, saying its base case is that Boris Johnson becomes prime minister, followed by a general election and then another delay to Britain's exit to the end of the year.
Tags: Money, businessNews, Britain, Boris Johnson, Brexit, Jpmorgan


UK leader promises a 'bold offer' on Brexit deal

British Prime Minister Theresa May plans a "bold offer" to Parliament to win support for her Brexit deal, urging lawmakers to look at her ideas with fresh eyes.
Tags: UK, London, Finance, Article, Theresa May, Associated Press, Parliament, Brexit, FBN, Fbn/markets, Fox-business/markets, 6994d33c-b592-5358-b156-df5495c5154a


Too much has been sacrificed to allow Brexit to destroy Europe’s unity

As the anniversaries of D-Day and Monte Cassino approach, we should remember how and why the ‘European project’ startedShortly after Thursday’s elections for the European parliament, we shall be witnessing the 75th anniversaries of D-Day and of the terrible carnage of the battle of Monte Cassino. One hopes that memories of these events – or, in many cases, learning about them for the first time – may concentrate minds on all sides in the debate about our future relationship with the rest of Euro...
Tags: Europe, Business, Politics, US, Economics, European Union, UK News, World news, Foreign Policy, Second world war, Nigel Farage, European elections, Brexit, Great Britain, Soviet Union, Monte Cassino


WeWork's CEO and CFO provide the math behind their belief that the $47 billion company won’t collapse when a recession hits

Red flags are waving for analysts as WeWork prepares to go public. The unprofitable company is burning cash and real estate companies typically don't do well during recessions. But WeWork's CEO claims his company "comes out much stronger" in a downturn. His explanation leaves some questions. But we really won't know the true health of the company until we see the S-1, and a full-on recession challenges the business. Visit Business Insider's homepage for more stories. In December, WeWork filed...
Tags: China, New York City, US, Trends, United States, Harry Potter, WeWork, Buenos Aires, WSJ, Brexit, Neumann, J K Rowling, Peel Hunt, EBITDA, Adam Neumann, EBIDTA


Britain's Brexit talks collapse as May's premiership crumbles

Britain's tumultuous divorce from the European Union was again in disarray on Friday after the opposition Labour Party declared last-ditch talks dead due to Prime Minister Theresa May's crumbling government.
Tags: Money, European Union, businessNews, Britain, Theresa May, Labour Party, Brexit


Shares swoon as Beijing ramps up war of words

World share markets suffered a fresh bout of selling on Friday after tough words on trade from China, while bets on a new pro-Brexit leader in Britain sent the pound sliding to its worst week in well over a year.
Tags: Money, China, Beijing, businessNews, Britain, Brexit


Staffline plummets after profit warning, Brexit hit to margins

Britain's Staffline lost more than half of its market value on Friday after a Brexit-led scramble by companies to secure workers for permanent positions hit the recruiter's margins and led it to cut its annual profit forecast.
Tags: Money, businessNews, Britain, Brexit, Staffline


The Latest: German government still urging Brexit deal

The Latest on Brexit talks (all times local): 11:30 a.m.
Tags: London, Finance, Article, Associated Press, Brexit, FBN, Fbn/markets, Fox-business/markets, Ca302265-4361-591d-a5ab-e64b05c29a33


Bank of England turns to quick-fire data to help with Brexit dilemma

The Bank of England, preparing for a possible no-deal Brexit, is trying to harness reams of real-time digital data on traffic jams, card payments and shipping in case it has to make a snap decision to raise or cut interest rates.
Tags: England, Money, businessNews, Brexit


These are the world’s most fragile states in 2019

There are some rankings no nation wants to lead. Yemen has just been named most fragile nation in the Fund For Peace's 2019 Fragile States Index. The least fragile state is Finland.Between these two countries lies the whole spectrum of national stability. The good news is that conditions for most of the world's people are slowly improving, says JJ Messner, Executive Director of the Fund for Peace. "For all the negative press, there is significant progress occuring in the background," he says.The...
Tags: Politics, UK, Singapore, Africa, US, Georgia, Eu, War, Afghanistan, United States, Middle East, Innovation, Protests, Brazil, Finland, Luxembourg


BoE's Woods warns against post-Brexit weakening of bank rules

Weakening rules for banks and insurers after Brexit would be "anathema", but Britain could change its style of regulating to respond faster to change, Bank of England Deputy Governor Sam Woods said on Thursday.
Tags: Money, Bank Of England, businessNews, Britain, Brexit, Woods, Sam Woods


Brexit chaos hits Thomas Cook as losses mount to £1.5bn

Firm writes down value of MyTravel, says UK customers are delaying holiday bookingsThe scale of the crisis affecting Thomas Cook was laid bare on Thursday as the embattled travel firm posted a £1.5bn first-half loss, issued its third profit warning in less than a year and admitted that British customers have postponed travel plans for this summer because of Brexit uncertainty.Thomas Cook, which has debts of £1.2bn, sought to allay fears of a looming cash crunch by announcing it had secured £300m...
Tags: Business, UK, Travel & leisure, UK News, Thomas Cook, Brexit, MyTravel


Accel closes $575M fund to double down on European and Israeli Series A deals

On the heels of Romanian-founded enterprise startup UiPath raising at a $7 billion valuation, the startup’s biggest investor is announcing a new fund to double down on making more investments in Europe. VC firm Accel has closed a $575 million fund — money that it plans to use to back startups in Europe and Israel, investing primarily at the Series A stage in a range of between $5 million and $15 million. At $575 million, this makes the fund one of the largest in the region, and it brings the tot...
Tags: Spotify, Europe, London, France, Softbank, Israel, Tech, Venture Capital, Kpmg, Adyen, Brexit, Accel, Farfetch, Philippe Botteri, Bucharest, Botteri


WeWork's CEO explains why he thinks his $47 billion company is recession proof, and how he keeps his ego in check as a young billionaire

Adam Neumann, 40, is the cofounder and CEO of WeWork, the global coworking space company valued at $47 billion. WeWork, under its umbrella the We Company, filed for an IPO last December. Analysts are concerned with last year's $1.8 billion in revenue compared to its $1.9 billion in losses. Neumann told Business Insider that WeWork is capable of being profitable, but is choosing to invest in rapid global expansion. He said that it is well-positioned for a potential economic downturn in the US, ...
Tags: Japan, New York, Saudi Arabia, China, Ipo, Boston, Softbank, New York City, Africa, US, America, San Francisco, Trends, United States, Middle East, Cambridge


Minister: Defeating May’s bill will leave Brexit deal ‘dead’

LONDON (AP) — Britain’s chief Brexit minister says Britain will be faced with a choice between a no-deal EU exit and remaining in the European Union if lawmakers reject Prime Minister Theresa May’s flagship Brexit bill next month. Brexit Secretary Stephen Barclay said Wednesday that defeating the bill would leave May’s deal “dead” and force […]
Tags: Business, London, News, Eu, European Union, Ap, Britain, Nation, Theresa May, Brexit, Stephen Barclay


Exclusive: European Commission prepares raft of banking reforms after Brexit

The European Commission is working on its largest regulatory push on banking since the financial crash that could curb Britain's access to the bloc, according to an internal draft document seen by Reuters.
Tags: Money, businessNews, Britain, European Commission, Brexit


UK’s May to make new push on her Brexit deal next month

LONDON (AP) — The British prime minister’s office says Theresa May will try again next month to secure Parliament’s backing for a deal to leave the European Union. Downing Street said Tuesday that May intends to ask lawmakers to vote on a withdrawal agreement bill starting the week of June 3. Parliament has three times […]
Tags: Business, UK, London, News, Ap, Nation, Theresa May, Parliament, Brexit, European Union Downing Street


Damaged by Brexit, EU heads to show united front at Romania meeting

European Union leaders meeting in Romania on Thursday will hammer home their goal of staying united "through thick and thin" after the turmoil of Brexit and will have their first go at assigning the bloc's most powerful jobs.
Tags: Money, European Union, businessNews, Romania, Brexit, Brexit EU


Damaged by Brexit, EU heads meet in Romania to chart bloc's next steps

European Union leaders meet in Romania on Thursday to chart a way forward after the historic setback of Brexit and to have their first go at picking people to fill the bloc's top jobs later this year.
Tags: Money, European Union, businessNews, Romania, Brexit, Brexit EU


Britain's May stands by promise to resign after phase one of Brexit - spokesman

British Prime Minister Theresa May stands by her commitment to resign after she completes "phase one" of the Brexit process to open the way for a new leader to negotiate the second phase, her spokesman said on Wednesday.
Tags: Money, businessNews, Britain, Theresa May, Brexit


Bank of England hits the road to assess Brexit impact on economy

The Bank of England is monitoring road congestion around Britain's major ports as it tries to improve its real-time intelligence of what might happen to the economy in the event of a no-deal Brexit, its chief economist said.
Tags: England, Money, businessNews, Britain, Brexit


The Latest: EU chief rues failure to enter Brexit campaign

The Latest on Britain's departure from the European Union (all times local): 1:35 p.m.
Tags: London, Finance, Eu, European Union, Article, Britain, Associated Press, Brexit, FBN, Fbn/markets, Fox-business/markets, 1b83e2aa-7902-5ef1-a1fa-73ad0dd4b580


Cambridge Analytica whistleblower has book deal

The former Cambridge Analytica employee who spoke out on alleged ties between the data firm and the Brexit campaign for Britain to leave the European Union has a book deal.
Tags: New York, Finance, European Union, Article, Britain, Associated Press, Brexit, FBN, Fbn/markets, Cambridge Analytica, Fox-business/markets, 6ff377b0-6d58-584e-af88-16a5938ebfdc


UK’s May seeks Brexit deal amid mounting pressure to quit

LONDON (AP) — The British government is making a final push to do a Brexit deal with the opposition Labour Party, amid mounting outrage from Prime Minister Theresa May’s Conservative Party at the prospect of compromise. Senior Conservative and Labour lawmakers are meeting to see whether they can reach a compromise. Several weeks of talks […]
Tags: Business, UK, London, News, Ap, Nation, Theresa May, Labour, Conservative Party, Labour Party, Brexit


Small Business Week Events & Deals, Good News for Women Entrepreneurs, Solving Your Cash Flow Problems, Cleaning Up Your Finances and Other Things Entrepreneurs Need to Know

Small Business Week kicked off Sunday. In honor of the week we are going to do post two Things Entrepreneurs Need to Know this week.   18 Things Small Business Owners Need to Know By Rieva Lesonsky   1—SBA Events Here are some activities you can participate in, sponsored by the Small Business Administration (SBA): Participate in the FREE National Small Business Week Virtual Conference on May 7-8 from 11am-5:30pm ET. This virtual conference will offer exclusive educational webinars, mentoring...
Tags: Amazon, Asia, Business, New York, Texas, Microsoft, Mexico, China, India, New York City, US, America, Los Angeles, Tech, Bank Of America, Canada


Let’s make a Brexit deal, UK PM May tells Labour opposition

LONDON (AP) — British Prime Minister Theresa May says her Conservative government and the opposition Labour Party have a duty to strike a compromise Brexit agreement to end months of political deadlock over Britain’s exit from the European Union. Writing in the Mail on Sunday, May told Labour leader Jeremy Corbyn: “Let’s do a deal.” […]
Tags: Business, UK, London, News, Ap, Britain, Nation, Theresa May, Labour, Labour Party, Brexit, Jeremy Corbyn, European Union Writing


Brexit backlash: Conservatives lose more than 1300 seats in local elections

British voters angry about Brexit punished the country's two main political parties in local elections on Thursday.Prime Minister Theresa May's Conservative Party's lost more than 1,300 seats - more than a quarter of what they held... [Author: [email protected]]
Tags: Business, Theresa May, Conservative Party, Brexit


Brexit backlash: Conservatives loss more than 1000 seats in local elections

British voters angry about Brexit punished the country's two main political parties in local elections on Thursday.Prime Minister Theresa May's Conservative Party's lost more than 1,300 seats - more than a quarter of what they held... [Author: [email protected]]
Tags: Business, Theresa May, Conservative Party, Brexit



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