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Latest 24 Hour Economy News
Source: Common Domain

FTSE 100 wavers after best week in more than a year

Today 17:16 GMT

Advancers were topped by easyJet PLC EZJ, +0.43%  and International Consolidated Airlines PLC IAG, +0.92%  , each up 1%.

U.K.’s blue-chip stocks were looking for firm direction Monday after last week’s notably strong performance, with losses for consumer-goods heavyweight Reckitt Benckiser Group PLC among the names pressuring the London market’s benchmark. The FTSE 100 UKX, -0.03% was darting between small gains and losses.

Source: Common Domain

Where Will Consumers Spend Their Tax Cut?

Today 17:16 GMT

Estimates from both the Tax Policy Center, which is run by a former Obama administration official, and the conservative-leaning Tax Foundation show that households in the top fifth by income will receive larger percentage increases in after-tax income this year as a result of tax cuts than households in the middle fifth.

While the $1,000 bonuses some businesses have handed out since the tax law’s passage don’t move the needle much, the competition for workers and new investment the tax cut will spur is another matter.

Source: Common Domain

The Big Shift Driving Tech Profits?

Today 17:17 GMT

Big tech companies learning to look past the initial sale as subscriptions build an important base of recurring revenue.

The number of businesses that have turned buyers into subscribers, generating a recurring base of revenue, is growing across all of the tech sector. Even Apple Inc., which sold nearly $200 billion worth of devices in its most recent fiscal year, has been touting the number of paid subscriptions to its growing range of services, and those of others sold through its App Store.

Source: DW

Spain set to get ECB vice presidency after Ireland withdraws nomination

Today 17:17 GMT

Ireland on Monday withdrew its candidate for European Central Bank (ECB) vice president, Irish Central Bank chief Philip Lane.

Ireland's finance minister said shortly before a meeting of Eurozone ministers in Brussels that his country would withdraw its candidate from the race. The move paves the way for Spain's candidate to win the nomination.

Source: Common Domain

This is why you shouldn’t count on Social Security

Today 08:59 GMT

Many Americans rely on Social Security benefits to see them through retirement, but how much should they really be depending on those checks?

The Social Security Administration put out a note last year saying Social Security and Medicare are both facing long-term shortfalls under the current structure, and that they together accounted for 42% of federal program expenditures in the fiscal year of 2016.

Source: Fox News

Tax help: Where should you turn if you have a question?

Today 14:32 GMT

Remember that no matter who prepares a federal tax return, by signing it the taxpayer becomes legally responsible for is accuracy.

Tax returns surge over Presidents Day weekend, with the IRS saying it receives more phone calls on the day after Presidents Day than on any other day of the year. That can mean long waits for filers trying to get through on the phone.

Source: DW

Latvia's central bank head Ilmars Rimsevics detained in corruption probe

Today 14:32 GMT

Rimsevics has headed the central bank since 2001 and has been a member of the European Central Bank's governing council since Latvia joined the eurozone in 2014.

Prime Minister Maris Kucinskis issued a statement Sunday confirming: "The Corruption Prevention and Combating Bureau (KNAB) has applied the status of being detained to the Governor of Bank of Latvia.". The head of Latvia's central bank, Ilmars Rimsevics has been detained by the national anti-corruption agency.

Source: Common Domain

Forget the stock market’s roller coaster — many Americans struggle with income volatility

Today 08:59 GMT

The stock market’s up-and-down ride has grabbed breathless news coverage this month, with the Dow Jones Industrial Average DJIA, +0.08%   suffering its biggest one-day drop since 2008 followed by a rebound this week.

See: Here’s the really bad news: Only half of Americans actually own stocks. Income swings have grown more extreme since the 1970s, according to a study by the Brookings Institution, a liberal-leaning Washington D.C. think tank.

Source: Common Domain

It’s a (Canadian) Snowbird’s Market in South Florida

Today 06:05 GMT

Those circumstances include: a sustained, strong Canadian housing market making it attractive for owners to cash out, and an aging population that demands convenience and luxury as retirement nears.

“There’s probably a little bit of concern that Canadians shouldn’t wait too long to buy … because likely the gap (in the exchange rate) is going to increase,” Ms. Fox said.

Source: New York Times

When Calling an Uber Can Pay Off for Cities and States

Today 06:05 GMT

In Chicago, a 15-cent fee on Uber, Lyft and other ride-hailing services is helping to pay for track, signal and electrical upgrades to make the city’s trains run faster and smoother.

As ride-hailing services become a dominant force across the country, they have increased congestion, threatened taxi industries and posed political and legal challenges for cities and states struggling to regulate the high-tech newcomers.

Source: DW

Far-right nationalists rally in Bulgarian capital

Today 03:19 GMT

Hundreds of Bulgarian nationalists have marched in Sofia in an annual celebration of World War II general Hristo Lukov, a Nazi collaborator.

Hundreds of Bulgarian nationalists marched in the capital, Sofia, on Saturday in an annual demonstration paying homage to General Hristo Lukov, who was known for his anti-Semitic and pro-Nazi activities during World War II. The city government had tried to ban the march, saying it harms the country's interest during a time when Bulgaria holds the six-month rotating EU presidency.

Source: Washington Post

‘I’m brave now!’ Victims of sexual harassment say they are finding their voice through new legal defense program

Sunday 23:40 GMT

The 27-year-old cook went online and submitted her story to the TIME’S UP Legal Defense Fund, an initiative created by Hollywood stars and activists to help victims of sexual harassment at work, especially those in low-wage jobs.

The fund, which was created in the aftermath of high-profile sexual assault and harassment charges against movie producer Harvey Weinstein and dozens of other famous men, has already raised $20 million to help victims without the means to pay for lawyers and public relations help.

Source: NBC News

Are you guilty of financial infidelity?

Sunday 22:44 GMT

All of these transgressions fall into the broad category of financial infidelity — which encompasses everything from shading the truth to omitting important (but relevant) information to outright lies.

For that reason, we're especially concerned about the 27 percent of respondents to the Financial Shades Of Grey Quiz we posted on The Balance who incurred debts without telling their partner. We're also more worried about the 20 percent who lent money without discussing it first than we are about the 41 percent who lied about how much something cost.

Source: Fox News

Mueller team alleges Manafort 'bank fraud,' in new court filings

Sunday 20:55 GMT

Special Counsel Robert Mueller and his legal team say they have uncovered additional “bank fraud” and other “criminal conduct” by Paul Manafort, former Trump campaign manager, according to court documents obtained by Fox News.

“That criminal conduct includes a series of bank frauds and bank fraud conspiracies, including criminal conduct relating to the mortgage on the Fairfax (Virginia) property, which Manafort seeks to pledge.” The document also states that the federal government has “substantial evidence” that Manafort secured that mortgage through a series of false and fraudulent representations to The Federal Savings Bank -- including “doctored profit and loss statements.”

Source: DW

What's in a kiss 12 *fun* facts about kissing

Saturday 16:21 GMT
Source: New York Times

In Colombia Border Town, Desperate Venezuelans Sell Hair to Survive

Saturday 11:49 GMT
Source: BBC

What to expect at the 2018 Bafta Awards

Sunday 17:16 GMT
Source: The Guradian

Saakashvili supporters march in Kiev calling for president to quit

Sunday 17:16 GMT
Source: DW

Bundesliga LIVE: VfL Wolfsburg vs. Bayern Munich

Saturday 15:26 GMT
Source: The Guradian

Hanif Kureishi: my beautiful box-set binge

Saturday 11:49 GMT
Source: The Guradian

Homeland: Claire Danes sulks her way through more relentless catastrophising

Saturday 11:49 GMT
Source: CTV

#BeccaToldMeTo: Teen who inspired kindness movement dies at 18

Today 08:59 GMT
Source: Washington Post

How two GMU professors teamed up to create high-tech music

Today 17:16 GMT
Source: Global News

Trudeau, Sajjan ask to meet with Indian politician who criticized Canadian government

Today 17:17 GMT
Source: Washington Post

Beats, rhymes and ice: Olympians rely on their tunes, and science backs them up

Today 08:59 GMT
Source: Common Domain

The Pride Flag Waves at the Olympics for Adam Rippon

Today 06:05 GMT
Source: NBC News

Celebrate Lunar New Year with dumplings, noodles, meatballs and more

Today 17:16 GMT
Source: DW

Berlin 24/7: The sound of Berlin

Today 06:05 GMT

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte