Category: Europe
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UK:Business Consultants Are Having a Great Brexit
Brexit is proving a boon for some workers, according to a survey that paints a generally upbeat picture of the labor market since Britain voted to leave the European Union. Vacancies for business consultants rose 5 percent in August and were up 10 percent from a year earlier, job-search engine Adzuna said in the report published…
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Europe:Oil prices fall as hopes of production freeze fade
Oil prices slipped on Thursday as the market focused on oversupply and fading hopes of a production freeze. Global crude oil benchmark Brent LCOc1 was down 15 cents at $48.90 a barrel by 0830 GMT, having closed down 1.8 percent on Wednesday. U.S. light crude oil CLc1 was unchanged at $46.77 a barrel, after dropping…
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Eurostar strikes by RMT and TSSA suspended for talks
Strikes by Eurostar workers at the RMT and TSSA unions will be suspended from midnight to allow further talks, they have said. The unions had been due to hold four separate strikes over August, in a dispute about work-life balance. The RMT said the strike halt was to allow “further, detailed negotiations after some progress…
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Banks and tech firms apply blockchain to trade finance
An HSBC and Bank of America Merrill Lynch venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said they had joined with the Infocomm Development Authority of Singapore to emulate a letter of credit (LOC) transaction. Letters…
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HSBC, StanChart help UK banking index recoup post-Brexit losses
Britain’s leading banking index .FTNMX8350 inched higher on Tuesday and recovered, in sterling terms, all of the losses it suffered in the aftermath of June’s landmark vote in which the UK vote to leave the European Union. The FTSE 350 Banks index .FTNMX8350 was up 0.3 percent higher at 3,412.48 points by 0705 GMT (3:05…
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Delta Air Lines grounds flights
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Delta Air Lines said early Monday that all of its departing flights have been grounded by a global computer system outage. “Our systems are down everywhere,” it tweeted in response to disgruntled customers. Delta (DAL), the world’s second largest airline, said the problem is a power outage at its Atlanta hub, starting at about 2:30 a.m.…
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Unruly France is riskier for businesses than Haiti
The risk consultancy cited frequent disruptions to France’s transportation infrastructure, resistance to labor law reforms and frequent protests as reasons for the high risk rating. “While France has an active civil society and trade unions, these actors tend to encourage demonstrations, as protest and industrial action are key facets of the country’s political culture,” the…
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European bank rebound not enough to save world stocks from further losses
World stocks fell for a third straight day on Wednesday, depressed by growing nervousness surrounding central bank policy and the recent spike in world bond yields, although European bank shares rebounded after two major earnings reports. Japanese stocks led the way, pushed down nearly 2 percent by the recent surge in Japanese government bond yields…
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London:Oil takes breather from losses but oversupply concerns remain
Oil edged higher on Tuesday after falling by up to 10 percent in just one week, but investors remained concerned about oversupply weighing on prices. Global benchmark Brent crude was trading up 49 cents at $42.63 a barrel at 1031 GMT (0631 EDT). U.S. West Texas Intermediate (WTI) crude was up 38 cents at $40.44…
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British Airways passengers protest against poor services
Close to four hundred customers of British Airways have signed a petition seeking for the airline to improve its services and make amendments to a number of its operations especially on the Accra-London (Heathrow) route. The petitioners, majority Ghanaians, are unhappy with what they term as the airline’s poor services including severe delays, lack of…